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The digital value storage tool that has replaced gold, Bitcoin, is 16 years old.

The digital value storage tool that has replaced gold, Bitcoin, is 16 years old.

31.10.2024 15:12

Since the publication of the white paper by Satoshi Nakamoto 16 years ago, Bitcoin has made significant progress. Bitcoin, which has become the 10th largest asset in the world, has reached a market value of $1.42 trillion. With the increasing interest from institutional investors, Bitcoin is approaching a new all-time high.

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The success story of Bitcoin continues. As institutional investors like BlackRock, the giants of Wall Street, show increasing interest in Bitcoin ETFs, the integration of the cryptocurrency with the traditional financial world is also accelerating. This situation strengthens Bitcoin's position in the market.

Bitcoin Became a Symbol of Financial Freedom in 16 Years

The white paper, which is the foundational document of Bitcoin, was published on October 31, 2008. The document proposed a decentralized and peer-to-peer electronic cash system.

The Bitcoin network became active just three months after the first block was created. Seen as a platform for economic independence, Bitcoin stands out as an alternative investment vehicle, especially in inflationary environments.

Mithil Thakore, co-founder and CEO of Velar, emphasized the development of Bitcoin. The fact that the cryptocurrency has transformed into a global asset class in just 16 years, unlike gold which has thousands of years of history, demonstrates the speed of economic change.

Paolo Ardoino, CEO of Tether, described Bitcoin as "the best currency in the world." According to Ardoino, the role of USDT helps reduce the entry barrier for people to Bitcoin.



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