Bitcoin

noun

Bit·coin ˈbit-ˌkȯin

variants or less commonly bitcoin

: a digital currency created for use in peer-to-peer online transactions

Introduced in 2008 by a person or group using the name Satoshi Nakamoto, Bitcoin is the most prominent of a group of virtual currencies—money that exists mainly as computer code—that have no central issuing authority.—

Carter Dougherty

… Bitcoin … is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined.—

Glenn Zorpette

The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community—Initial Coin Offerings, or ICOs.—

Richard Kastelein

also, usually bitcoin : a unit of this currency

Commercial space venture Virgin Galactic—which announced on Nov. 22 that it would start accepting bitcoins to reserve a refundable $250,000 seat on a future trip—is just the latest of many businesses that have recently embraced the decentralized virtual payment system. (At press time, 1 bitcoin was worth roughly $879.) —

Time

Examples of Bitcoin in a Sentence

Recent Examples on the Web Red Dog Casino accepts Bitcoin among other payment methods, the site is easy to navigate, and there are over 150 games in total. —

Sponsored Content, The Mercury News, 10 Apr. 2024 The flagship cryptocurrency, which has experienced a rollercoaster ride of price corrections and continuous outflows of funds from spot Bitcoin ETFs, seems ready to take a leap. —

Vinamrata Chaturvedi, Quartz, 8 Apr. 2024 Pence paid the website’s administrator $16,000 in Bitcoin in late July to contract the killings, court documents show. —

Julia Marnin, Sacramento Bee, 8 Apr. 2024 Nakamoto’s 2008 white paper on Bitcoin talks about doing financial transactions peer-to-peer, without the risk of counterparties like banks, brokers, and remittance centers. —

Zain Jaffer, Rolling Stone, 5 Apr. 2024 During the month of March, the Company mined 103 Bitcoin, or 3.3 Bitcoin per day. —

Charlotte Observer, 5 Apr. 2024 What's next for Bitcoin? How to find a new job and make more money | Your Wallet Deals of the Day G/O Media may get a commissionSHOW ALL Best Deals of the Day: Apple, Ubisoft Games, Bissell Floor Care, Babbel,... Check out the best deals of the day for Thursday, February 8, 2024. —

Quartz, 8 Feb. 2024 As of 31 January 2024, the Company held digital assets worth the equivalent of 18 Bitcoin. —

Fort Worth Star-Telegram, 5 Feb. 2024 This promotion is here to attract players who use Bitcoin and other cryptocurrencies for their gambling. —

Sponsored Content, The Mercury News, 5 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'Bitcoin.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.