Daily Crypto NewsEDITION #117, 04 January 2021

Bitcoin's Birthday!

Hey #Moni Maker 🥳

Happy New Year! Even though everyone was resting and enjoying during the holidays, it was still an eventful week. 🚀 Just take a look at bitcoin's price! Let's dive into the digest and see what we missed because of all the celebrations.

Let’s go!

Twelve years ago, in the midst of the financial crisis, the Bitcoin genesis block was created. It was January 3, 2009.. That is why this day is considered by many to be the very birthday of the first cryptocurrency.

The genesis block mined the first 50 bitcoins ever (which are, by the way, unspendable). Its hash partially consists of the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".

The phrase was taken from the headline of an article in the British edition of The Times. The article was about British finance minister Alistair Darling, who was forced to consider new measures to save banks during the economic crisis.

Twelve years later, a little experiment that in its first year was supported by just a few enthusiasts became a global cultural, political, and economic phenomenon.

Twelve years ago, it was hard to imagine that bitcoins would have a real value of more than a few cents, but today it transfers billions of dollars every day, without any interruptions, 24/7/365, no weekends, holidays, or lunch breaks.

Years from now, people will remember this event as the beginning of the era of sovereign finance; we will be those old men who will grumble, "we told you so."

So let's go through a couple of recent Bitcoin news that would have been impossible to imagine 12 years ago.

So what?

If you drink, cheers to Bitcoin; if you don't drink, have some juice with Bitcoin in mind! This is a LE-GEN-DARY day.

It was very symbolic: the New Year had just come, and with it a new economic era had begun!

According to AssetDash, the current bitcoin market capitalization is just over $589 billion. At the same time, the capitalization of Berkshire Hathaway is just over $543 billion.

Let us remind you that Warren Buffett is an ardent opponent of cryptocurrencies and even called bitcoin a rat poison squared.

Bitcoin is already in the top 10 of AssetDash's list, with Alibaba Group and Tesla next in line.

So what?

Bye, Mr. Buffett! Tim Cook is staying quiet; why are you so eloquent, friend?

We have some advice for you (as always) at the bottom of the digest.

Institutional investments are up +400% this year. Bitcoin bought by institutions in 2020: 1,151,618 BTC (about 5.48% of the total supply). At the same time, 441,475 BTC were mined in 2020.

600 million transactions on the Bitcoin network!

According to Glassnode, the 600 millionth transaction on the Bitcoin blockchain was recorded today.

What are we waiting for in 2021: Bitcoin ETFs, professional indices and the development of other tools for institutions. New ETH ATH with the launch of CME futures. We are waiting for the altseason, which may come after bitcoin calms down and starts to plateau.

Also, we're waiting for the Polkadot ecosystem to fully develop, all these parachain auctions and so on.

And one more thing...Buy Bitcoin! 😉