On October 31, 2008, a person or group of people using the pseudonym Satoshi Nakamoto published(s) white paper bitcoin. The nine-page white paper describes how the peer-to-peer payment system works, which would go on to revolutionize the world of financial technology.
It is still unknown who is hiding under the pseudonym of the creator of the first cryptocurrency.
Nakamoto summarized the main characteristics of digital gold in the preface to his document:
The Bitcoin network launched in January 2009. Two years later, Satoshi Nakamoto disappeared, and the public has never been able to find out who wrote the document that underpins the multibillion-dollar industry.
In 15 years, the first cryptocurrency has come a long way from ephemeral candy wrappers, 10,000 of which were barely enough to buy two pizzas, to a powerful financial instrument with a market capitalization of $678 billion.
Public companies and governments invest in Bitcoin. Some community members view the asset as a means of protecting capital during times of major turmoil.
At the time of writing, ~93% of the total supply of digital gold has been mined, which is limited to 21 million BTC.
CoinGecko specialists presented Bitcoin prices on the anniversary of the publication of the white paper, starting in 2013:
Price of BTC on Bitcoin Whitepaper Day 📄
2013: $204
2014: $337
2015: $312
2016: $699
2017: $6369
2018: $6332
2019: $9172
2020: $13,537
2021: $61,837
2022: $20,624
2023: $34,494— CoinGecko (@coingecko) October 31, 2023
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
