Bitcoin to New Zealand Dollar (Kiwi)(BTC to NZD)

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In 2008, Bitcoin was created as a decentralized currency without the need for any intermediaries such as a central bank. It is still a mystery who the inventor of Bitcoin is. On 31st of October, 2007, a paper with a cryptography mailing list was posted with the title Bitcoin: A Peer-to-Peer Electronic Cash System.

The author of this paper was Satoshi Nakamoto. However, the identity of Satoshi Nakamoto was never revealed, and they didn’t give any personal information about themselves. This has led to many people believing that Satoshi Nakamoto is actually a pseudonym for one or more people.

The first 50 Bitcoin that was ever created were contained in the Genesis block, which is the starting block of the blockchain. After Nakamoto mined the starting block, other early contributors continued to mine it up until 2001. That is when the programmer Laszlo Hanyecz made the first commercial transaction known to the world using crypto, and he used 10,000 Bitcoins to purchase two Papa John’s pizzas. Even since then, hundreds of millions of trades of Bitcoin have occurred.

Throughout the years, Bitcoin has managed to become the most commonly held and most valuable among the thousands of cryptos that have been created.

The first Bitcoin to New Zealand Dollar was calculated on the 20th of November, 2015, and it was worth 497.99 NZD. The all-time high was reached on the 12th of November 2021, when one Bitcoin was worth 91,365.18 NZD.