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Authored by Robert Stevens via Decrypt.io https://decrypt.co/10922/happy-11th-birthday-bitcoin-whats-happened-since-its-whitepaper-published

In brief

On October 31, 2008, Satoshi Nakamoto published the Bitcoin whitepaper.

Since then, Bitcoin's journey has taken in highs and lows, from the Mt. Gox hack to an all-time high price of $20,000.

In 2020, it's seen renewed growth in the face of the coronavirus pandemic, as institutional investors take a growing interest in the cryptocurrency.

https://pic8.co/sh/8YQd4G.jpeg

....

2020: New heights

Ah, 2020. Bitcoin started off strong, as excitement mounted for the imminent Bitcoin halving. But few could have foreseen how the year would pan out, as the coronavirus pandemic gripped the world in March. The chaos initially throttled the price of Bitcoin, with the cryptocurrency dropping to lows of $4,000.

But as massive stimulus packages followed lockdowns around the world, Bitcoin began to come into its own, with investors seeking it out as a hedge against inflation. Bitcoin’s price reached around $10,000, and stayed there for the remainder of the summer. The series of financial shocks endured by the world economy seemed to prove the case that Bitcoin is antifragile—not only resistant to shocks and stresses, but stronger for them.

Then the big money started to pour in; institutional investors such as Grayscale and Square scooped up vast amounts of Bitcoin, and digital payments giant PayPal introduced crypto buying and selling features, opening the door to mass adoption of the cryptocurrency.

The news sent the price of Bitcoin soaring past $13,000; on the 12th anniversary of the Bitcoin whitepaper, it reached its highest price since 2018. Those who'd previously bashed Bitcoin, from Grayscale CEO Michael Saylor to JP Morgan, fell over themselves to sing the cryptocurrency's praises. https://twitter.com/michael_saylor/status/1307029562321231873

>#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

One thing's for certain: whatever happens next, Bitcoin is in a very different place from when it first emerged into the world, 12 years ago.

Authored by Robert Stevens via Decrypt.io https://decrypt.co/10922/happy-11th-birthday-bitcoin-whats-happened-since-its-whitepaper-published In brief On October 31, 2008, Satoshi Nakamoto published the Bitcoin whitepaper. Since then, Bitcoin's journey has taken in highs and lows, from the Mt. Gox hack to an all-time high price of $20,000. In 2020, it's seen renewed growth in the face of the coronavirus pandemic, as institutional investors take a growing interest in the cryptocurrency. https://pic8.co/sh/8YQd4G.jpeg .... 2020: New heights Ah, 2020. Bitcoin started off strong, as excitement mounted for the imminent Bitcoin halving. But few could have foreseen how the year would pan out, as the coronavirus pandemic gripped the world in March. The chaos initially throttled the price of Bitcoin, with the cryptocurrency dropping to lows of $4,000. But as massive stimulus packages followed lockdowns around the world, Bitcoin began to come into its own, with investors seeking it out as a hedge against inflation. Bitcoin’s price reached around $10,000, and stayed there for the remainder of the summer. The series of financial shocks endured by the world economy seemed to prove the case that Bitcoin is antifragile—not only resistant to shocks and stresses, but stronger for them. Then the big money started to pour in; institutional investors such as Grayscale and Square scooped up vast amounts of Bitcoin, and digital payments giant PayPal introduced crypto buying and selling features, opening the door to mass adoption of the cryptocurrency. The news sent the price of Bitcoin soaring past $13,000; on the 12th anniversary of the Bitcoin whitepaper, it reached its highest price since 2018. Those who'd previously bashed Bitcoin, from Grayscale CEO Michael Saylor to JP Morgan, fell over themselves to sing the cryptocurrency's praises. https://twitter.com/michael_saylor/status/1307029562321231873 >>\#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy. One thing's for certain: whatever happens next, Bitcoin is in a very different place from when it first emerged into the world, 12 years ago.

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