Bitcoin’s Wild Ride: 50 Years of Satoshi!

Today marks the 50th birthday of Satoshi Nakamoto, the mysterious mind behind Bitcoin. From a quiet whitepaper in 2008 to a trillion-dollar network today, he (or they) changed the game.

Bitcoin’s first block? A nod to the 2008 financial crisis. Fifteen years later, it’s thriving. The network now secures over $1.6 trillion in value, and its influence goes far beyond finance.

What’s new in Bitcoin in the past year?

April 20, 2024: The fourth Bitcoin halving

Miners got a bit of a haircut, but the market matured. Bitcoin’s price barely moved, showing how much the market has grown up.

May 31, 2024: DMM Bitcoin Hack

A massive breach at DMM Bitcoin, losing 4,502.9 BTC worth $306 million. The company is shutting down and transferring accounts.

December 5, 2024: Bitcoin breaks $100K

Bitcoin finally broke the six-figure barrier, crossing $100,000. Pro-crypto policies and ETF approvals boosted investor confidence.

January 3, 2025: Record-breaking Hashrate

The network’s hashrate hit over 1,000 exahashes per second for the first time, doubling from early 2024 levels.

March 7, 2025: Trump creates Bitcoin Reserve

President Trump signed an executive order to create a “Strategic Bitcoin Reserve,” stocked with BTC seized in criminal cases.

March 24, 2025: Strategy crosses 500K Bitcoin

Michael Saylor’s firm, Strategy, became the first company to hold more than half a million Bitcoin, worth over $43 billion.

March 26, 2025: GameStop joins the Bitcoin club

GameStop announced it would allocate part of its $4.75 billion treasury to Bitcoin, marking another sign of mainstream adoption.

Bitcoin’s price is currently at $83,493, dropping almost 2% in 24 hours, with a market cap of $1.65 trillion and 24-hour trading volume values at $39.94 billion, surging 12.03%.

Satoshi’s identity may still be unknown, but his vision is more alive than ever. Fifty years after his supposed birth, Bitcoin is no longer just an experiment—it’s a movement that’s still gathering momentum.

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2025-04-05 12:21