Bitcoin to Canadian Dollar (BTC to CAD)

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Bitcoin is a virtual currency that is based on a technology called blockchain that users cryptographic protocol, so Bitcoin isn’t issued by a central bank. Bitcoin is widely regarded as the first modern cryptocurrency in the world. Bitcoin combines record-keeping, user anonymity, and decentralized control through a built-in scarcity and blockchain.

Bitcoin was released by Satoshi Nakamoto to the public in 2009. One year earlier, Satoshi outlined the concept for Bitcoin in a white paper that they published. To this, the identity of Satoshi Nakamoto is unknown, and the world doesn’t know if it’s a pseudonym used by one person or a group of people.

A few people have claimed to be Satoshi Nakamoto, and even groups of programmers have claimed to be him, but none of them were able to prove it sufficiently. The only personal details that Nakamoto has to others were the claims that he was born on April 5th, 1975, and that he is living in Japan. In 2011, Satoshi Nakamoto stepped away from Bitcoin, and he has not been publicly heard or seen since then.

The first public bitcoin exchange started happening around late 2010. In late 2012, the first major merchant that accepted payment in Bitcoin was WordPress. Others, including Tesla, Microsoft, Expedia, and Newegg.com, followed WordPress and started accepting payments in Bitcoin.

The first Bitcoin to Canadian dollar was calculated on November 20th, 2015, and it was 436.48 CAD. The all-time high was on November 12th, 2021, when one Bitcoin was worth 80,827.15 CAD.