Bitcoin Turns 12 Years Old with the Price Hitting $14.000

by in Cryptocurrency News

Bitcoin Turns 12 Years Old

12 years ago, on October 31, Satoshi Nakamoto, Bitcoin’s pseudonymous creator, published the whitepaper that became the start of the financial revolution.

In the whitepaper Nakamoto described a peer-to-peer payments system that expanded across a distributed ledger, powered by a network of anonymous miners.

When BTC released at the beginning of 2019, the coin was almost worthless. Now it's the largest coin by market cap beating $14.000 a few hours ago. The crypto-economy Bitcoin created has a cumulative market cap of $403 B.

Trending: Salvadorans are against buying bitcoins at the expense of the budget

Bitcoin’s roller-coaster continued in the past 24 hours with notable variations resulting in a few $500 moves and it finally breaking the previous 2019 high. Bitcoin is also strengthening its position against its biggest hedge-alternative aka gold. Bitcoin aka the Digital Gold becomes more and more popular. Some even prefer it over the yellow metal.