Bitcoin hit its highest price since January 2018, when the king crypto was setting up for a 2-years long bear market.
In Brief
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The Satoshi Nakamoto Whitepaper turned 12.
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Michael Saylor believes bitcoin is a mythical swarm of cyber hornets
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Bitcoin tapped fresh year on year highs above $14,000.
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This site has tracked & informed on bitcoin’s progress throughout the year.
Bitcoin’s price tapped $14,000 on the day of the twelfth birthday of its whitepaper.
Twelve years ago today, Satoshi Nakamoto, the anonymous bitcoin creator published the bitcoin whitepaper that made everything in the crypto space possible.
After purchasing the asset at $11,000, MicroStrategy CEO Michael Saylor tweeted these glorious words in recognition of bitcoin’s absoluteness:
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In the whitepaper, Nakamoto described a peer to peer payments system that stretched across a distributed ledger, powered by a network of anonymous computers. This made up the bitcoin blockchain.
When bitcoin launched in 2009, the coin was worthless. Today, bitcoin has a total market capitalization of $256 billion, tapping the highs of $14,028 and even hitting $14,150 on derivatives exchanges, per metrics from CoinGecko. All in all, the crypto-economy has a total market cap of $403 billion – which is still a pittance when seen in the context of traditional financial markets.
Bitcoin’s fresh record observes its highest price since January 2018, which was the highest price since the bubble pop of late 2017. Currently trading at $13,900, bitcoin marks a 4.61% increase in price in 24-hours as the last day of October draws to a close.
Since the start of the month, bitcoin’s price rose from $10,500 to $14,000 today. It’s progress has been covered extensively in the Chris on Crypto newsletter and the telegram channel, which you should be a part of.
The question is: what next for bitcoin?
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