Reference Library ยท Updated July 26, 2026

Bitcoin Glossary

Every Bitcoin, treasury, and reserve term โ€” defined clearly, A to Z, by people who use them daily.

This glossary covers the full vocabulary of Bitcoin โ€” the protocol, the culture, and the treasury-company metrics that now dominate corporate finance coverage. Terms shown in bold orange link to full expert explainers (700+ words each, with FAQs); the rest of the index is being expanded continuously. For the big picture, start with What Is a Strategic Bitcoin Reserve?, then explore who holds Bitcoin on our global tracker and companies index.

# A B C D E F G H I L M N O P Q R S T U V W X Y Z

#

21 Million  ยท  51% Attack

A

Absolute Scarcity  ยท  Adaptor Signature  ยท  Address  ยท  Adj. BTC Yield YTD %  ยท  Air Gap  ยท  Application-Specific Integrated Circuit (ASIC)  ยท  Arbitrage  ยท  Assets Under Management (AUM)  ยท  Assumed Fully Diluted Shares  ยท  Austrian Economics  ยท  Average Cost Basis

B

Balance Sheet  ยท  Basic Earnings Per Share (EPS)  ยท  Basic Shares Outstanding  ยท  Basis Points  ยท  Bear Market  ยท  Bear Trap  ยท  Bearer-asset  ยท  Bitcoin  ยท  Bitcoin Core  ยท  Bitcoin Dominance  ยท  Bitcoin Improvement Proposal (BIP)  ยท  Bitcoin Maximalism  ยท  Bitcoin Node  ยท  Bitcoin Per Share  ยท  Bitcoin Quant  ยท  Bitcoin Script  ยท  Bitcoin Supply  ยท  Bitcoin Whitepaper  ยท  Blind Signatures  ยท  Block  ยท  Block Explorer  ยท  Block Header  ยท  Block Height  ยท  Block Reward  ยท  Block Size  ยท  Block Subsidy  ยท  Block Weight  ยท  Blockchain  ยท  Bond  ยท  Brokerage  ยท  BTC  ยท  BTC $ Income  ยท  BTC Bought Per Day  ยท  BTC Denominated Debt  ยท  BTC in Treasury  ยท  BTC NAV  ยท  BTC Yield  ยท  BTC Yield Discount  ยท  BTC Yield Multiple  ยท  BTC Yield Multiple (1 Year)  ยท  BTC Yield YTD %  ยท  Bubble  ยท  Bull Market  ยท  Bull Trap  ยท  Byzantine Generals Problem

C

Call Option  ยท  Cantillon Effect  ยท  Capital Gains  ยท  Capital Losses  ยท  Cash  ยท  Censorship Resistance  ยท  Centralization  ยท  Chain Analysis  ยท  Change Output  ยท  Circular Economy  ยท  Coinbase Transaction  ยท  CoinJoin  ยท  CoinSwap  ยท  Cold Storage  ยท  Collaborative Custody  ยท  Collateral  ยท  Confirmation  ยท  Consensus  ยท  Cost Basis  ยท  Counterparty Risk  ยท  Cryptography  ยท  Custodial  ยท  Custodial Wallet  ยท  Custody  ยท  Cypherpunk

D

Days Between Purchases  ยท  Days Since First Purchase  ยท  Days to Cover mNAV  ยท  Debasement  ยท  Debt (USD)  ยท  Decentralization  ยท  Deflationary  ยท  Delta  ยท  Derivatives  ยท  Diamond Hands  ยท  Difficulty  ยท  Difficulty Adjustment  ยท  Digital Cash  ยท  Digital Credit  ยท  Dollar Cost Averaging (DCA)  ยท  Double Spend

E

ECDSA  ยท  Elliptic Curve Cryptography (ECC)  ยท  Encryption  ยท  End-to-End (E2E) Encryption  ยท  Enterprise Value  ยท  Equity  ยท  Escrow  ยท  ETF (Exchange Traded Fund)  ยท  Exchange  ยท  Executive Order 6102  ยท  Extended Private Key (Xprv)  ยท  Extended Public Key (Xpub)

F

Fiat Currency  ยท  Fiat Debt to BTC NAV  ยท  Fiduciary Duty  ยท  First Purchase  ยท  Forward BTC in Treasury  ยท  Forward BTC Yield  ยท  Forward mNAV  ยท  Forward Months to Cover mNAV  ยท  Forward Price to Bitcoin Yield Derived  ยท  Fractional Reserve Banking  ยท  FUD (Fear, Uncertainty, and Doubt)  ยท  Full Node  ยท  Fully Diluted mNAV  ยท  Fungibility  ยท  Futures

G

Game Theory  ยท  Gamma  ยท  Genesis Block  ยท  Gresham's Law

H

Halving  ยท  Hard Money  ยท  Hardware Wallet  ยท  Hash  ยท  Hash Function  ยท  Hash Rate  ยท  HODL  ยท  Honey Badger  ยท  Hot Wallet  ยท  Hyperbitcoinization

I

Immutability  ยท  Incremental BTC Required  ยท  Incremental Capital Required

L

Layer 2  ยท  Ledger  ยท  Legal Tender  ยท  Leverage  ยท  Lightning Address  ยท  Lightning Channel  ยท  Lightning Network  ยท  Limit Order  ยท  Liquid Network  ยท  Liquidity  ยท  LNURL  ยท  Long Position

M

M-of-N  ยท  Mainnet  ยท  Market Capitalization  ยท  Market Order  ยท  Market to Bitcoin NAV (mNAV)  ยท  Medium of Exchange  ยท  Mempool  ยท  Merkle Tree  ยท  Mining  ยท  Mining Pool  ยท  Miniscript  ยท  Mixing  ยท  Mnemonic  ยท  Monetary Base  ยท  Monetary Policy  ยท  Money Multiplier  ยท  Money Supply  ยท  Months to Cover mNAV  ยท  Moore's Law  ยท  Mt. Gox  ยท  Multisig

N

Nakamoto Consensus  ยท  Nocoiner  ยท  Node  ยท  Non-Custodial  ยท  Nonce  ยท  Not Your Keys, Not Your Coins  ยท  Number Go Up

O

Off-Chain  ยท  Off-Ramp  ยท  On-Chain  ยท  On-Ramp  ยท  Opcode  ยท  Open Source  ยท  Opportunity Cost  ยท  Options  ยท  Oracle Problem  ยท  Orange Coin  ยท  Orphan Block  ยท  Over The Counter (OTC)

P

Paper Wallet  ยท  Partially Signed Bitcoin Transaction (PSBT)  ยท  Pay-to-Public-Key (P2PK)  ยท  Pay-to-Public-Key-Hash (P2PKH)  ยท  Pay-to-Script-Hash (P2SH)  ยท  Pay-to-Taproot (P2TR)  ยท  Pay-to-Witness-Public-Key-Hash (P2WPKH)  ยท  Pay-to-Witness-Script-Hash (P2WSH)  ยท  PayJoin  ยท  Peer-to-Peer (P2P)  ยท  Percent of BTC Stack  ยท  Percent of New BTC Supply Bought Daily  ยท  Point Time Locked Contract (PTLC)  ยท  Preferred Shares Outstanding  ยท  Price Discovery  ยท  Principal  ยท  Private Key  ยท  Proof of Keys  ยท  Proof of Reserves  ยท  Proof-of-Work (PoW)  ยท  Protocol  ยท  Public Key  ยท  Put Option

Q

Quantitative Easing (QE)  ยท  Quantitative Tightening (QT)

R

Risk Adjusted Months to Cover mNAV

S

Satoshi  ยท  Satoshi Nakamoto  ยท  Sats per share  ยท  Scarcity  ยท  Schnorr Signature  ยท  Secp256k1  ยท  Seed  ยท  SegWit  ยท  Self-custody  ยท  SHA-256  ยท  Sharpe Ratio  ยท  Short Selling  ยท  Short Squeeze  ยท  Signature  ยท  Smart Contract  ยท  Sound Money  ยท  Spot Price  ยท  Stacking Sats  ยท  Store of Value

T

Taker  ยท  Taproot  ยท  Technical Analysis  ยท  Testnet  ยท  Time Preference  ยท  Timechain  ยท  Timelock  ยท  Torque Adjusted BTC Yield %  ยท  Transaction  ยท  Transaction Fee

U

Unit Bias  ยท  Unit of Account  ยท  UTXO  ยท  UTXO Set

V

Volatility  ยท  Volume

W

Wallet  ยท  Watch-Only Wallet  ยท  Whale  ยท  Wholecoiner  ยท  Witness  ยท  Wrapped Bitcoin (WBTC)

X

XBT

Y

Yield

Z

Zero-Confirmation Transaction  ยท  Zero-Knowledge Proof (ZKP)

266 terms indexed ยท 11 full explainers live ยท Updated July 26, 2026. Missing a term you need? Tell us and we'll prioritize it.