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Today marks the 14th anniversary of Bitcoin BTC/USD, the world’s largest and most popular cryptocurrency. Ever since its mysterious creator Satoshi Nakamoto published a white paper outlining its potential in 2009, there has been much debate and skepticism about its potential. Bitcoin has been declared “dead” 467 times since then.
What happened: On January 3, 2009, the first block in the Bitcoin blockchain, called the Genesis block, was mined by Nakamoto.
Bitcoin’s “death” can be followed on Bitcoin Obituary, a parody website that collects news articles and blogs. It has already been declared dead 27 times in 2022 and 47 times in 2021. But the highest number of ‘deaths’ it has recorded (124) was in 2017, when its market cap hit $100 billion for the first time. time.
When it comes to marking significant milestones in Bitcoin’s origin story, there are two important dates that stand out. First and foremost, October 31, the day the Bitcoin whitepaper was first published by Nakamoto, showcasing their groundbreaking vision for a decentralized digital payment system to the world, the conceptual “birth” of Bitcoin. . Equally significant is January 3 as the date Bitcoin first officially came into existence and was first mined, making it the “birth” of the world’s first cryptocurrency.
See more: Best Crypto Day Trading Strategies
The most recent death of the token was announced on November 30, 2022 by Ulrich Bindseil, Managing Director of the European Central Bank, who said that BTC was an artificially induced last gasp before the path of irrelevance and that was already predictable before FTX went bankrupt and sent bitcoin price. well below $16,000.
Bitcoin’s first death was recorded on December 15, 2020 – nearly two years since its inception. At the time, “The Underground Economist” predicted the fate of Bitcoin: either it would remain a novelty or it could disappear faster than you can blink.
Price Action: BTC was trading at $16,718, down 0.16% in the past 24 hours, according to data from Benzinga Pro.
Read Next: Bitcoin, Ethereum, Dogecoin Trade Higher Why This Analyst Calls A Bull Market As 2023 Unfolds
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