It’s Bitcoin’s birthday! Today marks the 14th anniversary of cryptocurrency’s white paper.
“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” were the first words ever said publicly by Satoshi Nakamoto, founder of Bitcoin.
Satoshi first introduced this white paper on Oct. 31, 2008. This invention spawned a never-before-seen digital economy that is worth over $1 trillion today. This white paper introduction was made on metzdowd.com’s Cryptography Mailing List.
Original White Paper on Bitcoin’s Birthday
In the introduction, Satoshi noted the different properties Bitcoin has to offer–completely reinventing the way consumers look at money. Among these properties is the feature that prevents double spending and the fact that there is no mint or other trusted third parties.
The initial white paper was released and Satoshi wasn’t heard from again until four days later. This is the point at which Satoshi’s 16 emails from Nov. 3 to Jan. 3 were made public.
BTC Launch Date
Bitcoin officially launched on Jan. 3, 2009.
BTC has had its share of ups and downs since that game-changing launch in 2009. This month, specifically, is one for which Bitcoin traders mark their calendars.
“Uptober,” as it’s dubbed, has been a month that even the steepest declines in Bitcoin has seen a silver lining for the past 13 years. This Uptober, however, got off to a rocky start.
But, “all great changes are preceded by chaos,” said Deepak Chopra. And this is exactly what happened with Bitcoin.
Bitcoin was trading around $18,950 to begin this Uptober.
“As we head into October, this month’s seasonality is perceived as one of the worst times of the year for investors,” said Brett Sifling, an investment advisor for Gerber Kawasaki Wealth & Investment Management.
This is no longer the case. Bitcoin has had recent gains that are closing in on the $21,000 mark.
In short, Bitcoin was trading at $19,379 on Oct. 1. BTC closed the month of October at $20,971–representing gains of 8.21%.
And with the way society’s shifting for a decentralized world, less controlled by governments. Perhaps it’s time to change some holidays. A new name for Halloween, Bitcoin’s Birthday.
