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 Here’s what our newsroom will be keeping an eye on: Monday: Market reaction after Trump’s speech at the Bitcoin conference; McDonald’s earnings before the bell; Nvidia’s Jensen Huang is having a fireside chat with Mark Zuckerberg. —

Peter Green, Quartz, 28 July 2024 Former president Donald Trump is scheduled to appear at a Bitcoin conference in Nashville on Saturday. —

Washington post Staff, Washington Post, 27 July 2024 Earlier this year, Trump pivoted on his critical Bitcoin views to embrace digital currencies. —

Hadley Hitson, USA TODAY, 26 July 2024 In 2022, a new Bitcoin mining facility made its home in Granbury, a small rural Texas town. —

Cheri Lucas Rowlands, Longreads, 25 July 2024 See all Example Sentences for Bitcoin

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.