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Bitcoin Marks 10 Years of Existence

Bitcoin 10 years

January 3rd, 2009 was the day when the very first block on the Bitcoin blockchain was created.
Since then, the cryptocurrency has been on a wild ride, from reaching almost $20,000 at the end of 2017, to tumbling below $4,000 at the end of 2018.

“Over the last 10 years we’ve gone from this didn’t exist to now pretty much the entire world understands what it is, whether they agree with it or not,” said Matti Greenspan, a senior analyst at eToro.

The first (genesis) block has provided the foundation for an ecosystem that changed our perception of how money is valued and managed in modern age.

Creator of Bitcoin more powerful than Facebook CEO

Worth Magazine, an American publication oriented towards the world of finance and business, included Satoshi Nakamoto in their “Power 100” list for 2018. They named the Bitcoin creator as the 44th most powerful person in finance, placing him before Nasdaq’s Adena Friedman and Mark Zuckerberg.

Satoshi Nakamoto is a pseudonym, could be a man, a woman, or a group of persons who created Bitcoin. It is believed that Nakamoto controls 980,000 bitcoins, which is around 5 percent of all the Bitcoin that can ever be mined.

How much is Bitcoin worth today?

The Bitcoin price fell almost 80 percent over the previous year. Many believe that the bearish 2018 was only a large price correction, and that Bitcoin will likely experience a huge comeback.

“Bitcoin holds a big promise of sovereign and sound money – the bubble we experienced a year ago was an unfortunate consequence of human greed and short-term thinking. Bitcoin hasn’t changed in the past year and it remains the same asset, whether it’s worth $20K or $3K. It’s potential and usefulness haven’t diminished with the price,” said Clement Thibault, senior analyst at Investing.com.

At the time of writing this article, Bitcoin price managed to gain momentum above $3,900 and is currently worth $4,047.