Monday, November 28, 2022

Bitcoin Leads As Crypto-Related Achievements Debut in The Guinness Book Of World Records

The 2023 edition of the Guinness World Records has featured Bitcoin and a host of other crypto-based accomplishments that took place down the years. Launched last month, the new edition further proves that crypto is now a widely accepted concept, even by the standards of a longstanding staple like the Guinness World Records.

Bitcoin Crowned Most Valuable Digital Asset

According to the annual reference book, Bitcoin is featured in a new category called Cryptomania. The digital asset holds the record for being the most valuable cryptocurrency. It had a market capitalization of over $816 billion as of March 24, 2022.

In addition to that, Bitcoin also holds the record as the world’s first decentralized cryptocurrency. Explaining the claim, the publication admits that before Bitcoin was launched in 2009, there truly, were several attempts to achieve decentralization. But, all those attempts failed and at best, would mostly rely on a trusted third party or a centralized organization.

Other Crypto-Based Records

Away from Bitcoin, the new edition also features some other notable feats across the crypto industry in its Cryptomania category. For instance, it records the NFT project CryptoPunks, as the most expensive NFT collectible. This follows after a single CryptoPunk (#5822) was sold for 8,000 ETH (approximately $23.7 million at the time).

Amongst fan tokens, English football club Manchester City’s fan token is recognized as the most valuable fan token. The fan token had a market cap of $47.1 million as of March 24, 2022.

Almost expectedly, El Salvador was also named the first-ever country to approve Bitcoin as a legal tender. Although, at the time, the International Monetary Fund frowned at the move. The international body claimed it poses a global financial risk. However, the country has refused to back down from betting big on Bitcoin. And now, some other countries have followed in its footsteps by making Bitcoin a legal tender.

According to Guinness World Records, it will continue to keep a close eye on the crypto sector for the next few years. And as more adoption and wider use cases sweep through the industry, it will continue to recognize achievements therein.

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