Convert and Swap Bitcoin BTC to Georgian Lari GEL
BTC/GEL: 1 Bitcoin equals GEL 291,408.58 GEL
Last update: 9:42 AM, January 23, 2025
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Bitcoin is climbing this week.
The current price of Bitcoin is GEL 291,408.58 per BTC. With a circulating supply of 19,813,987 BTC, it means that Bitcoin has a total market cap of GEL 5,773,142,458,950.70. The amount of Bitcoin traded has fallen by GEL 30,338,337,628.22 in the last 24 hours, which is a 17.51% decrease. Additionally, in the last day, GEL 173,278,315,604.89 worth of BTC has been traded.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About Bitcoin
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin (BTC) is a decentralized cryptocurrency that was first described in a 2008 whitepaper by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Launched in January 2009, Bitcoin is a peer-to-peer online currency that enables transactions to occur directly between equal, independent network participants without the need for an intermediary. Bitcoin was created with the intention of allowing online payments to be sent directly from one party to another without going through a financial institution. Bitcoin is the first-ever cryptocurrency to come into actual use and has inspired the development of thousands of competing projects. The entire cryptocurrency market, now worth more than $2 trillion, is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Bitcoin operates on a technology known as blockchain, a decentralized ledger of all transactions that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Bitcoin transactions are verified by network nodes through cryptography and recorded on the blockchain. Bitcoin mining, the process by which new bitcoins are entered into circulation, involves solving computationally difficult puzzles to discover a new block, which is added to the blockchain. The supply of Bitcoin is limited and will never exceed 21,000,000 coins. New coins are created during the process known as mining, where transactions are added to blocks, which are in turn added to the blockchain.
Bitcoin's most unique advantage is that it was the first cryptocurrency to appear on the market. It has managed to create a global community and has given birth to an entirely new industry of millions of enthusiasts who create, invest in, trade, and use Bitcoin and other cryptocurrencies in their everyday lives. Bitcoin's primary use case is as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. Bitcoin also aims to be a medium of exchange for goods and services, although it is currently used more for the former than the latter.
Bitcoin's original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. This event is now known as “Bitcoin Pizza Day.” Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors.
How Bitcoin and Georgian Lari differ
Bitcoin (BTC) and Georgian Lari (GEL) are two distinct forms of currency, each with its unique characteristics. Bitcoin, a decentralized cryptocurrency, operates on a technology known as blockchain, a decentralized ledger of all transactions. It was created with the intention of enabling online payments to be sent directly from one party to another, bypassing the need for a financial institution. Bitcoin's supply is limited and will never exceed 21,000,000 coins, with new coins created during the process known as mining. On the other hand, the Georgian Lari is a traditional fiat currency, regulated by the National Bank of Georgia, and its supply is not capped. Unlike Bitcoin, the Lari does not operate on blockchain technology and its transactions require intermediaries such as banks. While Bitcoin aims to be a medium of exchange for goods and services globally, the Georgian Lari is primarily used within Georgia. Bitcoin's decentralized nature and global reach contrast with the Lari's centralized control and localized use.
Frequently asked questions
How much is 1 Bitcoin in GEL?
Right now, 1 Bitcoin is worth about GEL 291,408.58.
How much BTC could I buy for 1 GEL?
Based on the current rate, you could get 0.00000343 BTC for 1 GEL.
How much has the price of Bitcoin changed?
Bitcoin price has been declining. Since yesterday, the exchange rate of Bitcoin has decreased. Since last month, the exchange rate of Bitcoin has increased. Since this time last year, the price of Bitcoin has increased.
How do I calculate or convert BTC to GEL?
You can use our BTC to GEL calculator at the top of this page to convert any amount of BTC to GEL. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GEL is equivalent to 0.000017 BTC. Inversely, 5 BTC will cost about GEL 1,457,042.89
How can I buy 1 Bitcoin on Coinbase?
Bitcoin is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Bitcoin.
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BTC to Georgian Lari conversion tables
The exchange rate of Bitcoin is decreasing.
The current value of 1 BTC is GEL 291,408.58 GEL. In other words, to buy 5 Bitcoin, it would cost you GEL 1,457,042.89 GEL. Inversely, GEL 1.00 GEL would allow you to trade for 0.00000343 BTC while GEL 50.00 GEL would convert to 0.00017158 BTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.14%. Meanwhile, in the last 24 hours, the rate has changed by 2.62%, which means that the the highest exchange rate of 1 BTC to Georgian Lari was GEL 300,997.02 GEL and the lowest 24 hour value was 1 BTC for GEL 290,498.98 GEL. This time last month, the value of 1 BTC was GEL 269,293.36 GEL, which is a 7.03% decrease from where it is now. Looking back a year, Bitcoin has changed by GEL 104,690.88 GEL.
BTC to GEL performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
GEL 298,244.45 GEL | -2.62% | GEL 281,622.00 GEL | 3.14% | GEL 269,293.36 GEL | 7.03% | GEL 104,690.88 GEL | 163.22% |
BTC to GEL
Amount | Today at 9:42 am |
|---|---|
0.5 BTC | GEL 145,704.29 |
1 BTC | GEL 291,408.58 |
5 BTC | GEL 1,457,042.89 |
10 BTC | GEL 2,914,085.78 |
50 BTC | GEL 14,570,428.90 |
100 BTC | GEL 29,140,857.79 |
500 BTC | GEL 145,704,288.96 |
1,000 BTC | GEL 291,408,577.92 |
GEL to BTC
Amount | Today at 9:42 am |
|---|---|
0.5 GEL | 0.00000172 BTC |
1 GEL | 0.00000343 BTC |
5 GEL | 0.000017 BTC |
10 GEL | 0.000034 BTC |
50 GEL | 0.000172 BTC |
100 GEL | 0.000343 BTC |
500 GEL | 0.0017 BTC |
1,000 GEL | 0.0034 BTC |
Today vs. 24 hours ago
Amount | Today at 9:42 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BTC | GEL 145,704.29 | GEL 150,232.99 | -3.01% |
1 BTC | GEL 291,408.58 | GEL 300,465.98 | -3.01% |
5 BTC | GEL 1,457,042.89 | GEL 1,502,329.88 | -3.01% |
10 BTC | GEL 2,914,085.78 | GEL 3,004,659.77 | -3.01% |
50 BTC | GEL 14,570,428.90 | GEL 15,023,298.83 | -3.01% |
100 BTC | GEL 29,140,857.79 | GEL 30,046,597.67 | -3.01% |
500 BTC | GEL 145,704,288.96 | GEL 150,232,988.33 | -3.01% |
1,000 BTC | GEL 291,408,577.92 | GEL 300,465,976.67 | -3.01% |
Today vs. 1 month ago
Amount | Today at 9:42 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BTC | GEL 145,704.29 | GEL 137,219.95 | +6.18% |
1 BTC | GEL 291,408.58 | GEL 274,439.90 | +6.18% |
5 BTC | GEL 1,457,042.89 | GEL 1,372,199.51 | +6.18% |
10 BTC | GEL 2,914,085.78 | GEL 2,744,399.02 | +6.18% |
50 BTC | GEL 14,570,428.90 | GEL 13,721,995.08 | +6.18% |
100 BTC | GEL 29,140,857.79 | GEL 27,443,990.16 | +6.18% |
500 BTC | GEL 145,704,288.96 | GEL 137,219,950.80 | +6.18% |
1,000 BTC | GEL 291,408,577.92 | GEL 274,439,901.61 | +6.18% |
Today vs. 1 year ago
Amount | Today at 9:42 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BTC | GEL 145,704.29 | GEL 56,339.20 | +158.62% |
1 BTC | GEL 291,408.58 | GEL 112,678.41 | +158.62% |
5 BTC | GEL 1,457,042.89 | GEL 563,392.04 | +158.62% |
10 BTC | GEL 2,914,085.78 | GEL 1,126,784.07 | +158.62% |
50 BTC | GEL 14,570,428.90 | GEL 5,633,920.36 | +158.62% |
100 BTC | GEL 29,140,857.79 | GEL 11,267,840.71 | +158.62% |
500 BTC | GEL 145,704,288.96 | GEL 56,339,203.55 | +158.62% |
1,000 BTC | GEL 291,408,577.92 | GEL 112,678,407.10 | +158.62% |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.