Bitcoin’s birth is celebrated in October, but January marks its true introduction
The original cryptocurrency has battled detractors, haters, and troublemakers since the first block of Bitcoin was mined fifteen years ago. It is now ranked as one of the top ten most valuable assets worldwide.
Many celebrate the release of Bitcoin’s white paper on October 31, 2008, as the birthday of Bitcoin, while others use a more technical method to specify Bitcoin’s actual age. Bitcoin became a store of value and transferable currency on January 3, 2009.
Bitcoin creator Satoshi Nakamoto mined the genesis block (the first Bitcoin block) on that day, which was followed by years of success against skeptics, including politicians, governments and the mainstream media.
Fifteen years after the first block was created, Bitcoin miners are still mining blocks to make a profit. The increasing interest in Bitcoin mining from individuals and corporations demonstrates the procedure as a feasible business model that also helps keep the Bitcoin network safe from outside attacks.
The millions of Bitcoin transactions conducted throughout the years have been permanently recorded in 825,000 blocks, with neither the investors nor miners planning to stop.
Bitcoin has beaten all the odds, with a current market capitalization of almost $900 billion amassed in 15 years. All types of businesses have begun to accept Bitcoin, which can be used to purchase goods and services without intervention from banks or other centralized agencies.
Bitcoin is the ninth most valuable asset in the world based solely on market cap at the start of 2024. Financial author and professional trader Oliver Velez reported that Bitcoin exceeded 7,963 assets in 15 years and anticipates it will rank in the top three by the start of 2025.
