Today Is Bitcoin’s Birthday: Turning 9 Years Old At $6k+

Today is the mark of nine years since Bitcoin exists. Nine years after Satoshi Nakamoto announced the creation of the ‘peer to peer electronic cash system’, we can’t say much but thank Nakamoto and the idea of a decentralized network that became increasingly popular over the past few years.

There is even a Bitcoin whitepaper available for everyone who wants to read on the same Bitcoin.org domain which offers a fascinating view into the project which as of October this year (2017) has a market cap of over $100 billion.

Nine Years Later And $100Bn Later

The idea of the Bitcoin originally was as an established peer to peer network that allows online payments to be sent directly from one party to another without the presence of a centralized authority or institution. This idea has grown a lot over time and is now entirely possible, thanks to digital signatures that provide part of the solution as well as third-parties that are exchanging payments between them in a revolutionary way.

According to facts, there are currently more than 3 million daily users of cryptocurrencies – a number which is expected to exceed 200 million by 2024. At its birthday, Bitcoin is proud to have crossed the $6k mark and had even reached an all-time high of $6300 last week.

Other Important Considerations

October 31st is also a date significant for other reasons. This year, it is the deadline by which China’s domestic market exchange must cease providing Bitcoin-to-fiat trading. This will eventually set the trajectory of Bitcoin for the future and prove that it is here to stay as a result of competition from its copies such as Bitcoin Cash, Bitcoin Silver and Bitcoin Gold, as well as SegWit2x.

What do you think about Bitcoin – nine years later? Are you satisfied from its presence – and willign to say ‘happy birthday Bitcoin’?

Let us know in the comments!