, 3 years ago
It seems like every day we celebrate a new milestone for Bitcoin lately. Bitcoin continues to smash through new yearly highs almost every day which is extremely exciting. Bitcoin is up by 6,000 euro in the past 30 days getting us just under 10% off the all-time high of December 2017 which we hope to witness soon.
Although this would be impressive enough on its own, BTC didn’t stop there. More interestingly, Bitcoin has managed to reach an all-time high value in terms of its market capitalization, despite the price being lower than back in 2017.
Wait, what? The all-time high for Bitcoin was €16500?
That’s correct, however Bitcoin has a market cap which is the amount of existing Bitcoin times the current value. This valuation has reached a higher level than ever before!
New Bitcoin are created approximately every 10 minutes which sets the inflation rate at around 3-4% yearly while it’s currently halved since the last halving.
In December 2017 there were around 16,750,000 Bitcoin while today there are 18,550,000 in circulation.
Taking this into account means there is more Bitcoin circulation today than there was three years ago. Making the valuation of Bitcoin since today highest ever based on its market cap.
May 22, 2023
Every year the Bitcoin community is celebrating the fact that somebody bought two pizzas online. This looks a little bit strange at first glance but it is one of the most important moments in Bitcoin’s history. What is Bitcoin Pizza Day all about and why is everybody celebrating it?
May 22, 2023
The guys who self-identify as the Taproot Wizards - Eric Wall and Udi Wertheimer - entered the main stage of Bitcoin Miami to loud cheers. After their short and silly wizard dance, the panel discussion started in earnest. But not everyone in the Bitcoin community is a fan of their quirky attitude and projects.
May 19, 2023
We wrote about it earlier: Jason Lowery believes Bitcoin could become the world's reserve currency and that countries should engage in a peaceful "arms race" to mine Bitcoin. He believes Bitcoin is a form of digital property that will be defended similar to how navies secure maritime thoroughfare. Not everyone is sold on this concept. Let's discuss a contrarian view.
May 18, 2023
Stablecoin issuer Tether (USDT) in its recent reserves report reveals that the company holds approximately 52 thousand BTC, worth a respectable $1.5 billion. This is only a fraction of its total assets but signals an interesting potential trend of institutions allocating a piece of their capital to Bitcoin.
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