📺 Stream EntrepreneurTV for Free 📺

50 Insane Facts About Bitcoin (Infographic) The more we know about the curious currency, the weirder it gets.

By Kim Lachance Shandrow

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Bitcoin is a fickle thing. As one U.S. Senator recently admitted, it confuses "the heck out of us." If you still don't quite fully "get it," you're far from alone.

Ok, so by now most people -- fine, maybe only a few -- understand that Bitcoin is virtual cash that's generated ("mined") by computers, lives on the internet and is used to purchase real and digital stuff online and in person.

But where exactly did it come from and why is it suddenly in the news so often? Is Bitcoin really the future of money? If so, what can you buy with it right now?

Related: Bitcoin: The Good, the Bad and the Ugly

Bitcoin users can purchase thousands of legal items on the straight and narrow with the controversial cryptocurrency, like tickets to a Sacramento Kings Game, fresh beef in Australia or even tuition for the University of Nicosia. And before the takedown of Silk Road, people reportedly swapped bitcoins for countless shady illegal goods, including dime bags of weed, stolen guns, forged documents and possibly even hitman services. Creepy, right?

The more we know about the curious currency, the weirder it gets.

For an entertaining yet educational eyeful of just how bizarre the Bitcoin story is, from its mysterious beginnings to its rise as a kind of, almost, on the brink of mainstream currency around the globe today, take a look at the revealing infographic below from WhoIsHostingThis.com.

Click to Enlarge+
50 Insane Facts About Bitcoin (Infographic)

Image credit: Who Is Hosting This

Kim Lachance Shandrow

Former West Coast Editor

Kim Lachance Shandrow is the former West Coast editor at Entrepreneur.com. Previously, she was a commerce columnist at Los Angeles CityBeat, a news producer at MSNBC and KNBC in Los Angeles and a frequent contributor to the Los Angeles Times. She has also written for Government Technology magazine, LA Yoga magazine, the Lowell Sun newspaper, HealthCentral.com, PsychCentral.com and the former U.S. Surgeon General, Dr. C. Everett Coop. Follow her on Twitter at @Lashandrow. You can also follow her on Facebook here

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Management

7 Ways You Can Use AI to 10x Your Leadership Skills

While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction.