XBT and BTC – How Were these Acronyms Adopted?
XBT or Bitcoin was created by Satoshi Nakamoto in 2009. Satoshi Nakamoto did not specify any abbreviation for Bitcoin and BC was the acronym originally adopted. Exchanges specified Bitcoin as BTC, and it caught on. ISO 4217 standard is a non-governmental organization that specifies currency codes and non-governmental assets like gold (XAU) and silver (XAG). The organization is independent of any national agenda and mainly works as a voluntary group that approves three-character codes for countries and non-governmental units.
ISO 4217 Standard
According to the …
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