$BTC in 3 days rose from $61K to $80K+ and Twitter started talking about a bull market again.
But many people hold Bitcoin for years and still don’t know why it was created in the first place.
In 2008, a global financial crisis happened. Banks lost trust in each other, and the government had to rescue the financial system.
That’s exactly when Satoshi Nakamoto proposed Bitcoin — money that doesn’t require a bank or any other intermediary.
Instead of trusting banks — cryptography and the ability to verify transactions yourself.
And in Bitcoin’s first block, Satoshi left a headline from The Times about an upcoming bank bailout.
This clearly shows what events Bitcoin emerged against.
And here’s what’s especially interesting:
17 years ago, Bitcoin was created as an alternative to the traditional financial system.
Today it’s being bought by exchange-traded funds, large financial companies, and government institutions.
So before guessing whether BTC will be $100K or $200K, I’d recommend reading its technical description.
Just 9 pages.
Sometimes it’s more useful to understand why an asset was created than to simply watch its price.
But many people hold Bitcoin for years and still don’t know why it was created in the first place.
In 2008, a global financial crisis happened. Banks lost trust in each other, and the government had to rescue the financial system.
That’s exactly when Satoshi Nakamoto proposed Bitcoin — money that doesn’t require a bank or any other intermediary.
Instead of trusting banks — cryptography and the ability to verify transactions yourself.
And in Bitcoin’s first block, Satoshi left a headline from The Times about an upcoming bank bailout.
This clearly shows what events Bitcoin emerged against.
And here’s what’s especially interesting:
17 years ago, Bitcoin was created as an alternative to the traditional financial system.
Today it’s being bought by exchange-traded funds, large financial companies, and government institutions.
So before guessing whether BTC will be $100K or $200K, I’d recommend reading its technical description.
Just 9 pages.
Sometimes it’s more useful to understand why an asset was created than to simply watch its price.