🪙 Bitcoin turns 16: How crypto coin went from zero to trillion-dollar asset explained
🎂 Bitcoin is now 16 years old. If we were to choose the best-performing asset of the past decade, there is no doubt that Bitcoin would rank first.
From being worthless to a market value of over $2 trillion, Bitcoin has grown extensively in the last 16 years, so much so that Bitcoin has been the best-performing asset class in the past 11 years, data shows-Satoshi Nakamoto, a name used by the creator (or creators) of Bitcoin, mined the first Bitcoin block on Jan. 3, 2009.
This “genesis” block followed the release of a Bitcoin whitepaper on October 31, 2008, which laid the foundation for the now-leading cryptocurrency.
🌟16 Years of Progress
Since its inception, Bitcoin has undergone remarkable transformations that define its growth and influence.
🌟Adoption in the Early Day
Initially, Bitcoin attracted mainly technology enthusiasts. A notable moment in 2010 saw the first real-world transaction when 10,000 BTC were traded for two pizzas. This event underscored Bitcoin’s early value and its potential as a medium of exchange.
🌟A Dramatic Rise in Market Value
Bitcoin’s market capitalization has expanded significantly. By late 2024, it exceeded $1.42 trillion, placing Bitcoin among the top ten financial assets globally. This growth reflects its increasing acceptance and its role as a significant investment option.
🌟Interest from Major Institutions
Large corporations and institutional investors have embraced Bitcoin in recent years. This shift has added to its legitimacy, attracting a broader range of investors who view Bitcoin as a reliable and innovative asset.
☝️ As Bitcoin marks its 16th year, it stands as a symbol of the changing financial landscape. From its modest beginnings as a decentralized peer-to-peer payment system to its current status as a major financial asset, Bitcoin has transformed the way people think about money and digital transactions.
Did you finish watching the analysis of DOGE this afternoon to avoid chasing the highs? Have you reduced your position and taken profits in the short term?
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⚠️ Warning about the possible “Grayscale effect” on Solana in 2025 🚨
☝️ Analyst warns that Solana (SOL) could face significant price pressure in 2025 due to the unlocking of shares from Grayscale Trust.
The past "Grayscale Effect" on Bitcoin caused severe corrections; similar risks may arise for SOL, with key dates in January and July.
Investors should remain vigilant and consider hedging or diversifying before the possible volatility of these events. The “Grayscale Effect” is based on past experiences with the Grayscale Bitcoin Trust (GBTC).
When Grayscale unlocks its shares, investors typically sell them to capitalize on the premium — the difference between the net asset value (NAV) of the underlying asset (Bitcoin or Solana) and the share price.
🤯 Historically, this has led to an increase in selling pressure, sharp price drops, and, in some cases, turbulence across the market. Lilly pointed out that a similar scenario unfolded in 2021 with GBTC.
When the premium vanished, the Bitcoin market peaked before a severe correction occurred, contributing to the collapse of companies like 3AC, Celsius, and Voyager.
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DOGE has surged significantly, rising 16% in just 24 hours and 25% over the past week.
The renewed interest in DOGE stems from the market's recovery and growing expectations of Elon Musk's potential involvement in shaping crypto-friendly policies under the Trump administration.
Shortly after Trump won the U.S. election in early November, DOGE's price began to skyrocket due to Musk's upcoming prominent role in the new government, along with his rich history and support for the largest meme coin.
The asset soared to triple digits within weeks, peaking at nearly $0.485. However, it began to lose momentum in December and dropped significantly during a mid-month correction. Within days, Dogecoin fell from $0.41 to $0.26.
After the sharp decline, the coin reacted well, almost immediately rising to $0.35. However, Dogecoin failed to rise further, hovering in a narrow range between $0.31 and $0.34 for several weeks. In recent days, the overall market situation has changed. Due to whales accumulating a large number of tokens during the correction and consolidation phase, the outlook for DOGE has become particularly optimistic.
As a result, the value of the meme token quickly skyrocketed. In just 24 hours, DOGE rose 16%, breaking above the resistance level of $0.34, and is currently trading well above $0.39. On a weekly basis, it has increased by 25%, nearing $0.4.
Nevertheless, it will be interesting to track Dogecoin's performance in the coming weeks, especially after Trump's inauguration on January 20 and Musk's DOGE department.
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🚀🚀Takeoff #SATS Completed Target 5 Perfect Take Profit🚀🚀 🤩😍Short to Medium Term: Rise📈 $1000SATS 😍 🤩 ➖➖➖➖➖➖ Target 1: 0.0001857 ✅ Completed Target 2: 0.0001877 ✅ Completed Target 3: 0.0001907 ✅ Completed Target 4: 0.0001947 ✅ Completed Target 5: 0.0001997 ✅ Completed 🔥🔥January 2nd, 1 PM Short Entry! Pull up to 0.0002033 at 3 PM! Completed Target 5! Achieved 1605.21% (75X) or more profit!!! (All short positions closed! This medium to long term position is also active, continue to follow the strategy)🔥🔥 ➖➖➖➖➖➖ - Binance 20-28 Rebate Invitation Code: FOHW9ZPT (Register for free and join the private kitchen to see the latest strategies) If you find this helpful, please like and share! Our Binance Square gives out 0.1 BNB daily! @加密航海家飞鱼
I pushed everyone to enter, did you follow and make money? 6.eth, 3324, I openly go long, I hope I won’t be slapped in the face, I will collect the pig feet rice tomorrow. 7.sol, 185, 175, 165 enter the market in batches, why do you have to enter the first layer, can you take the initiative to buy a set? 8.doge’s entry cost has been raised, 0.3, 0.285, 0.26 enter the market in batches, and you should start when you should. In mid-to-late January, you will be grateful for your courage to enter the market today. $BTC #加密市场反弹
Waiting for the bull market to arrive Three trading phrases: 1. Waiting is also a form of trading! 2. Be friends with the time cycle! 3. As long as there is a trading system!
The last trading plan for SNX was to go long from 1.3 to 3.2 and stop profit at all targets. This time, I plan to go long from 2.0 to 3.3. It is still more reliable to trade coins that I am familiar with. I have basically never lost money in SNX.
#people people performed well today, and yesterday we let our friends in, and today it has increased by more than 10%! We continue to be optimistic about the future market! Using Hunter's five-wave analysis method, people are undergoing a level 2️⃣h main upward wave, so of course we need to get on board! In fact, while you guys are shouting to short SOL and ETH, we are quietly trading against you, this is the absolutely trading mindset of the trading system! The five-wave analysis method accurately identifies main upward waves and main downward waves, and its grasp of trends is absolutely unique! So go with the trend, teachers!
HOOK is about to launch Ai-Agent. Recently, this sector feels like it's just getting started. Hook is the first AI-Agent in the educational sector's cryptocurrency, and its future potential is quite promising. The price is also very cost-effective. In the comments below, it's mentioned that Hook is the top player in AI education, so grab your red envelope!
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#Hook才是币安广场顶流 HOOK is the first to create AI Agent + education sector, this concept has a very large growth potential in the future, worth looking forward to, impressive!
#加密市场反弹 I fear that my brother's life is hard, and I also fear that my brother drives a Land Rover. Today, my brother told me he made a big profit, and finally, I can afford to buy autumn pants in the fall. I feel both happy and sad; happy that my brother made a big profit, but sad that my brother made a big profit, and I didn't. When will the promised imitation season come? $BTC