In some countries where the traditional banking system is experiencing crises, Bitcoin has become a symbol of resistance and financial freedom. Many cryptocurrency users claim that Bitcoin allows them to control their money without interference from banks and governments. In countries with strict controls, such as China and Russia, cryptocurrencies have become a way to withdraw funds from under the control of authorities. Bitcoin, as a decentralized currency, has given people the ability to conduct transactions anonymously and without intermediaries.
These stories are just a small part of the vast narrative that continues to unfold around Bitcoin. Every day new aspects and events emerge that influence its development, but one thing is clear: Bitcoin has left an indelible mark on the global financial system. $BTC
(Part 2) 3. “Bitcoin as a hedge against inflation”
In 2017, when the economies of many countries were experiencing crises and inflation, some began to view Bitcoin as a protection against the devaluation of traditional currencies. People started to realize that the limited supply of bitcoins (a total of 21 million) gives it unique value. In countries with high inflation, such as Venezuela, people began to actively use Bitcoin to preserve their savings. This opened a new perspective on cryptocurrency as a safe-haven asset.
4. “Digital gold or bubble?”
In 2017, Bitcoin reached a record high of $20,000 per coin. This price attracted the attention of mass investors and led to a rapid growth of the cryptocurrency market. Many began to say that Bitcoin is the new gold, an alternative form of value. However, experts warned of a potential bubble economy that could burst. By the end of 2017, the price of Bitcoin began to plummet sharply, leading to considerable disappointment among some investors. However, Bitcoin's story continued to evolve, and its price stabilized again.
It was 2009 when Satoshi Nakamoto first launched the Bitcoin blockchain. There was no one in the world who knew about cryptocurrency yet, and Bitcoin was just a digital code embedded in a chain of blocks. A few enthusiasts began mining coins, and at that time the value of one Bitcoin was zero. The story began with a transaction in which Nakamoto transferred 10 BTC to his friend Hal Finney - and it was symbolic. Today, Bitcoin is worth thousands of dollars, and its story continues to attract the attention of the world.
2. “Pizza for 10,000 Bitcoins”
One of the most famous episodes in the history of Bitcoin is the purchase of two pizzas in 2010 for 10,000 BTC. Laszlo Hanyecz, a programmer from Florida, wanted to order a pizza and offered to exchange 10,000 bitcoins for two pizzas on a Bitcoin community forum. At that time, Bitcoin was worth almost nothing, and no one could have imagined that years later this transaction would become a historical moment, and the price of one bitcoin would be measured in thousands of dollars. Now those 10,000 bitcoins are worth millions. $BTC
At the end of 2023 and the beginning of 2024, the main news in the world of cryptocurrency concerned several important events: 1. Cryptocurrency regulation in the United States: In early 2024, the United States continued to debate bills on cryptocurrency regulation, including proposals to create a cryptocurrency central bank and improve consumer protection. Particular attention was paid to cryptocurrency exchanges and the issue of taxation. 2. Growing interest in cryptocurrencies from institutional investors: More and more large investment companies and banks are starting to include cryptocurrencies in their portfolios, which gives a signal to the market about confidence in the assets. 3. Bitcoin (BTC) and Ethereum (ETH): The price of Bitcoin continued to fluctuate, but overall held at high levels. Ethereum continues to develop its technologies, such as the Ethereum 2.0 upgrade, to improve scalability and reduce energy costs. 4. CBDC (Central Bank Digital Currencies): There is a growing interest in the creation of central bank digital currencies around the world. China continues to test its digital yuan, and the European Central Bank is actively working on a digital euro project.
Dtcpay management clarified that the platform will only support certain stablecoins: USDT, USDC, First Digital USD (FDUSD), and Worldwide USD (WUSD). These tokens are backed by the US dollar at a 1:1 ratio. Dtcpay noted that stablecoins tied to government currencies can become a more predictable, secure, and stable alternative for making digital payments. While BTC, ETH, and other cryptocurrencies create financial risks for businesses and individual users due to strong volatility. Dtcpay was founded in 2019 and has become one of the key players in the fintech industry. Dtcpay received funding from the developer Pontiac Land in Singapore, and in 2022, it received a license to process payments from the Central Bank of Singapore. According to analysts at Chainalysis, Singapore has become one of the leaders in accepting cryptocurrency payments. In Q2 2024, the total value of crypto transactions processed through merchant services in Singapore reached $1 billion.$BTC $ETH
MAJOR (MAJOR) coin increased today. Today the price of MAJOR (MAJOR) is $1.19. The trading volume in 24 hours is $149,867,284. The price has increased by 9.16% in the last 24 hours and decreased by -0.55% in the last 7 days. The market cap data for MAJOR is not available because I do not have information on the number of MAJOR tokens in circulation.
The founder of Tesla, Elon Musk, first mentioned Dogecoin in 2019. The businessman says that cryptocurrency helps him save his savings from inflation, and for this he chooses Dogecoin, Bitcoin, and Ethereum. Many believe that DOGE is successful only because of Musk's interest. #ilonmask #Iloncoin $DOGE
Almost every tweet from a billionaire mentioning Dogecoin in 2021 has sent the cryptocurrency soaring. Critics of the coin say it has no intrinsic value, unlike Ethereum ($ETH) and Bitcoin ($BTC), and that its growth is fueled by the hype generated by famous people mentioning it on social media. #Dogecoinnews #CryptoNewss
The Dogecoin cryptocurrency has fallen in price after billionaire Elon Musk mentioned it on the comedy show Saturday Night Live, Bloomberg reports. Ahead of Musk's appearance on the show, the token's value rose to a record high of almost $0.73, but during the show it fell to 51.4 cents (30%).
In January 2022, Tesla announced that its products can now be purchased with Dogecoin. The company noted that it only accepts Dogecoin cryptocurrency. In March 2022, the largest cinema chain AMC began accepting Dogecoin as a payment method.$USDC #BinanceTurns7 #Dogecoinnews