Bitcoin Is Now 11 Years Old
Today is January 3rd, 2020. And if you know anything about the history of Bitcoin, you know that this means the worlds first cryptocurrency and its respective blockchain has turned 11 years ago, with this being the date that Satoshi Nakamoto, the pseudonymous coder-hacker behind the project, mined the Genesis Block of Bitcoin.
In it, the creator encoded a headline regarding the Great Recession of 2008, cementing the idea that he launched the project to counteract banks and governments in the minds of many.
Since then, Bitcoin has seemingly been on an unstoppable rise, with the price of the asset, which many say is the best measure of its success, rising by literal millions of percent, making it the best-performing asset, well, ever. Thats not to mention that the cryptocurrency has accomplished this all in a decades time, effectively irrelevant on a macro scale.
The project has also been successful on a transactional basis. Cryptocurrency research firm TradeBlock found that the cryptocurrency has had a record 2019 with transaction count, transaction volume (USD equivalent basis), and hash rate reaching new all-time highs this past year.
All this has made some of the worlds most prominent people talk about it.
In February, Elon Musk co-founder of PayPal, chief executive of SpaceX and Tesla, founder of the Boring Company, among other titles said in a podcast that the cryptocurrency has an underlying structure that is quite brilliant, adding that he thinks maybe Ethereum and maybe some of the others might have technological merit. The renowned technologist concluded by stating that he thinks without a doubt that crypto is a far better way to transfer value than pieces of paper.
While Bitcoin has done absolutely stellar in its 11-or-so years in existence as laid out earlier in this article, analysts and industry executives are optimistic that the following decade for the leading cryptocurrency and its ilk will just not good, if not better.
Andy Bromberg told Bloomberg that we are seeing a level of building that has happened in 2019 [which makes it feel like] were in the moment of everyone is putting on their jumpsuits, ready to take off. Bromberg added were seeing crypto-related innovation hasnt been seen since 2017, boding well for prices in the future.
And Changpeng CZ Zhao, the prominent chief executive behind cryptos top firm, Binance, was recently quoted as saying that he thinks that the long-term trajectory for the Bitcoin and crypto market remains decidedly positive:
Bitcoin is still a small market cap instrument so there will be high volatility in the short term. However, if you look at the fundamental technology, the longer-term view, about a 5-year or 10-year horizon, were very confident that bitcoin and cryptocurrencies are here to stay.
The rest is here:
Why Analysts Are Bullish On Cryptocurrency As Bitcoin Turns 11 - Ethereum World News
- What Meltdown? Crypto Comes Roaring Back in the Philippines. - The New York Times - March 18th, 2024 [March 18th, 2024]
- Chinas cryptocurrency investors made gains of US$1 billion in 2023 - South China Morning Post - March 18th, 2024 [March 18th, 2024]
- 1 Super Cryptocurrency Could Soar to $200,000 by 2025, According to a Wall Street Analyst - The Motley Fool - March 18th, 2024 [March 18th, 2024]
- Cryptocurrency Miners Need to Report their Energy Use - Earthjustice - March 18th, 2024 [March 18th, 2024]
- Understanding the Fundamental Differences Between Cryptocurrency and Fiat Currency - FinSMEs - March 18th, 2024 [March 18th, 2024]
- SOL Flips BNB, Becoming 4th Largest Cryptocurrency as Ethereum Becomes Next Target - CCN.com - March 18th, 2024 [March 18th, 2024]
- Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud - The Associated Press - March 18th, 2024 [March 18th, 2024]
- Cryptocurrency: 3 Meme Coins That Could 15x This Bull Season - Watcher Guru - March 18th, 2024 [March 18th, 2024]
- Can the Bitcoin surge push India to overcome its cryptocurrency hurdles? - The National - March 18th, 2024 [March 18th, 2024]
- The Ultimate Cryptocurrency to Buy With $1,000 Today - Yahoo Finance - March 18th, 2024 [March 18th, 2024]
- Cryptocurrency laundryman gets hung out to dry - The Register - March 18th, 2024 [March 18th, 2024]
- Bitcoin price predictions: How much more could it rise in 2024? - Euronews - March 18th, 2024 [March 18th, 2024]
- Shiba Inu Is Skyrocketing: Is It a Top Cryptocurrency to Buy Right Now? - Yahoo Finance - March 18th, 2024 [March 18th, 2024]
- 1 Top Cryptocurrency to Buy Before It Soars 1,328%, According to Cathie Wood of Ark Invest - The Motley Fool - March 18th, 2024 [March 18th, 2024]
- The other Bitcoin rally: How scams are cashing in on the cryptocurrency fever - EL PAS USA - March 18th, 2024 [March 18th, 2024]
- Kalshi Prediction Market To Introduce Cryptocurrency Betting (Payouts In USD) - Blockchain Magazine - March 18th, 2024 [March 18th, 2024]
- Bitcoin Hits Record $72,000, Emboldening Crypto Industry - The New York Times - March 18th, 2024 [March 18th, 2024]
- Solana (SOL) Flips BNB to Become 4th Largest Cryptocurrency - Watcher Guru - March 18th, 2024 [March 18th, 2024]
- Predicting which Cryptocurrency will Boom in 2024 - ForexLive - March 18th, 2024 [March 18th, 2024]
- Nigeria's Cryptocurrency Crackdown Will Have Consequences, Experts Say - Voice of America - VOA News - March 18th, 2024 [March 18th, 2024]
- Crypto ETN providers head for UK but urge rethink on retail ban - Financial Times - March 18th, 2024 [March 18th, 2024]
- Trump Signals Positive Stance on Cryptocurrency If Elected to the White House - Yahoo Finance - March 18th, 2024 [March 18th, 2024]
- Bitcoin Bulls vs. Bubble Bears: A Cryptocurrency Clash - Crypto Times - March 18th, 2024 [March 18th, 2024]
- Imprison crypto fraudster Bankman-Fried 40 to 50 years, say feds - New York Daily News - March 18th, 2024 [March 18th, 2024]
- Is This The Best Cryptocurrency to Buy With $1,000? - Analytics Insight - March 18th, 2024 [March 18th, 2024]
- How Immortalboost.com Connects Gamers and Cryptocurrency - TheXboxHub - March 18th, 2024 [March 18th, 2024]
- Avalanche (AVAX) Created Millionaires, Here's The New A.I Exchange Cryptocurrency Predicted Huge Gains In 2024 - Analytics Insight - March 18th, 2024 [March 18th, 2024]
- Solana volume leapfrogs Ethereum as memecoin frenzy seen sending price to $415 - DLNews - March 18th, 2024 [March 18th, 2024]
- Bitcoin alternatives, from Ether to Dogecoin - Quartz - March 18th, 2024 [March 18th, 2024]
- Cryptocurrency Price on March 12: Bitcoin trades near $72,000; Toncoin, Avalanche jump up to 34% - The Economic Times - March 18th, 2024 [March 18th, 2024]
- Cryptocurrency: 3 Coins To Watch Under $1 as Bitcoin Hits $56,000 - Watcher Guru - February 27th, 2024 [February 27th, 2024]
- The Ultimate Cryptocurrency to Buy With $1,000 Today - The Motley Fool - February 27th, 2024 [February 27th, 2024]
- The vast Ponzi scheme that is cryptocurrency - The Pasadena Star-News - February 27th, 2024 [February 27th, 2024]
- Exploring the World of Global Cryptocurrency Exchanges - Indiana Daily Student - February 27th, 2024 [February 27th, 2024]
- Cryptocurrency Prices And News: Bitcoin Price Hits 27-Month High Above $57000 - Investor's Business Daily - February 27th, 2024 [February 27th, 2024]
- 7 Best Cryptocurrency Investing Strategies | Investing | U.S. News - U.S News & World Report Money - February 27th, 2024 [February 27th, 2024]
- Cryptocurrency fraud costs: $1.56 billion in 2023 - Accounting Today - February 27th, 2024 [February 27th, 2024]
- Expanding Horizons: WDC Quantify's 2024 Plan to Revolutionize Cryptocurrency Trading and Investment - Morningstar - February 27th, 2024 [February 27th, 2024]
- BC Court Upholds Temporary Freeze on Cryptocurrency Mining Connections to BC Hydro Grid - BlockTribune - February 27th, 2024 [February 27th, 2024]
- Texas Blockchain Council and Riot Platforms Win Temporary Restraining Order Against DoE Cryptocurrency Mining ... - BlockTribune - February 27th, 2024 [February 27th, 2024]
- Bitcoin price passes $57,000 to hit 2-year high - Quartz - February 27th, 2024 [February 27th, 2024]
- More from Fed's Schmid: Would be a mistake to consider cryptocurrency as a currency - ForexLive - February 27th, 2024 [February 27th, 2024]
- 1 Top Cryptocurrency to Buy Before It Soars 4,500%, According to Cathie Wood's Ark Invest - The Motley Fool - February 27th, 2024 [February 27th, 2024]
- Cryptocurrency: 3 Coins That Could Surge in March - Watcher Guru - February 27th, 2024 [February 27th, 2024]
- Blockchain Unveiled: Beyond Cryptocurrency Lies a World of Opportunity - AutoGPT Official - AutoGPT - February 27th, 2024 [February 27th, 2024]
- Updated Bitcoin prices outlook for 2024 By Investing.com - Investing.com - February 27th, 2024 [February 27th, 2024]
- Suspicious Activity Surrounds BitForex Cryptocurrency Exchange The Merkle News - The Merkle Hash - February 27th, 2024 [February 27th, 2024]
- Donald Trump's Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens Bitcoin News - Bitcoin.com News - February 27th, 2024 [February 27th, 2024]
- Matthew Perry's X account hacked and soliciting cryptocurrency donations through fraudulent site - MSN - February 27th, 2024 [February 27th, 2024]
- Bitcoin: Here's why the flagship cryptocurrency keeps soaring - Cointribune EN - February 27th, 2024 [February 27th, 2024]
- HTX, formerly Huobi, resubmits Hong Kong crypto licence application - South China Morning Post - February 27th, 2024 [February 27th, 2024]
- Cryptocurrency Bitcoin Cash Up More Than 9% In 24 hours By Benzinga - Investing.com UK - February 27th, 2024 [February 27th, 2024]
- Cryptocurrency Litecoin's Price Increased More Than 4% Within 24 hours By Benzinga - Investing.com UK - February 27th, 2024 [February 27th, 2024]
- Revolutionizing Cryptocurrency and Hologram Technology The Innovations of WiMi Hologram Cloud Inc - Best Stocks - February 27th, 2024 [February 27th, 2024]
- 2024 will see the end of the 'no-coiner' crypto sceptics - Euronews - February 27th, 2024 [February 27th, 2024]
- Is Cryptocurrency Like Stocks and Bonds? Courts Move Closer to an Answer. - The New York Times - January 27th, 2024 [January 27th, 2024]
- 1 Unstoppable Cryptocurrency to Buy Before It Soars 1,120%, According to This Wall Street Analyst - Yahoo Finance - January 27th, 2024 [January 27th, 2024]
- Pastor claims God told him to create $3.2M INDX cryptocurrency scheme - USA TODAY - January 27th, 2024 [January 27th, 2024]
- US targets Iraqi airline Fly Baghdad, its CEO and Hamas cryptocurrency financiers for sanctions - The Associated Press - January 27th, 2024 [January 27th, 2024]
- Techbytes: The Security of Cryptocurrency - ABC7 News - January 27th, 2024 [January 27th, 2024]
- $1.7 Billion Stolen in Cryptocurrency Hacks in 2023: Analysis - SecurityWeek - January 27th, 2024 [January 27th, 2024]
- Data Centers, AI, and Cryptocurrency Will Consume 2x Electricity By 2026 - ExtremeTech - January 27th, 2024 [January 27th, 2024]
- Cryptocurrency, AI Electricity Demand Seen Doubling in Three Years - Bloomberg - January 27th, 2024 [January 27th, 2024]
- Stolen Crypto Falls in 2023, but Hacking Remains a Threat - Chainalysis Blog - January 27th, 2024 [January 27th, 2024]
- 1 Unstoppable Cryptocurrency to Buy Before It Soars 1,120%, According to This Wall Street Analyst - The Motley Fool - January 27th, 2024 [January 27th, 2024]
- What are cryptocurrency hedge funds, and how do they work? - Cointelegraph - January 27th, 2024 [January 27th, 2024]
- Cryptocurrency For New Investors To Buy For Quick 10x Profits in 2024 - CoinCodex - January 27th, 2024 [January 27th, 2024]
- U.K. to start work on 'Britcoin' to prepare for cryptocurrency dominated world - MarketWatch - January 27th, 2024 [January 27th, 2024]
- Russia Mulls Cryptocurrency Mining Disconnection Proposal Mining Bitcoin News - Bitcoin.com News - January 27th, 2024 [January 27th, 2024]
- It's a Brave New Digital World: FinCEN and the IRS Now Require the Filing of Form 8300 for the Receipt of Cryptocurrency - The National Law Review - January 27th, 2024 [January 27th, 2024]
- Bitcoin Might Rally to $42,000 If This Rare Bottoming Pattern Validates By U.Today - Investing.com - January 27th, 2024 [January 27th, 2024]
- Cybercriminals stole $1.7 billion from crypto funds in 2023 as attacks proliferated - The Record from Recorded Future News - January 27th, 2024 [January 27th, 2024]
- Phunware adds cryptocurrency expert to board | NASDAQ:PHUN - Proactive Investors USA - January 27th, 2024 [January 27th, 2024]
- Bitcoin - 15 years and counting: Key facts to know about the first cryptocurrency in the world | Mint - Mint - January 27th, 2024 [January 27th, 2024]
- Pastor Accused of Stealing $1.3 Million in Cryptocurrency Scheme Says God Gave Him the Co-Sign - Complex - January 27th, 2024 [January 27th, 2024]
- Pastor Couple Charged with Fraud After Selling Millions in Cryptocurrency - The Roys Report - January 27th, 2024 [January 27th, 2024]
- That new X cryptocurrency? Its a scam. - Security Boulevard - January 27th, 2024 [January 27th, 2024]
- Get Your Free r/CryptoCurrency Moons $MOON Tokens Today: The Wealth Path - Medium - January 27th, 2024 [January 27th, 2024]
- Major 'Secret' of MicroStrategy Revealed by Bitcoiner Samson Mow By U.Today - Investing.com - January 27th, 2024 [January 27th, 2024]
- Palm Coast's Noah Michael Urban, 19, Faces 14 Counts of Cryptocurrency Fraud in Federal Indictment - FlaglerLive.com - January 27th, 2024 [January 27th, 2024]