Jamie Dimon · China · Bitcoin · Cointelegraph
The SEC approved a US spot Bitcoin ETF
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The nod from the SEC finally gave investors a regulated route to gain exposure to BTC without having to manage wallets or private keys themselves.
Key facts
- The next dramatic bull run would culminate in Bitcoin’s price climbing from below $1,000 at the beginning of 2017 to almost $20,000 by December
- Undoubtedly, one of Bitcoin’s most memorable moments was on May 22, 2010 when developer Laszlo Hanyecz sent 10,000 BTC to pay for two pizzas in one of the earliest documented Bitcoin transactions
- Interest rates fell, liquidity flooded financial markets and Bitcoin, which had plunged during the March 2020 market panic, began a remarkable recovery, reaching almost $69,000 by November 2021
- By late 2013, Bitcoin had broken through the $1,000 milestone for the first time, amid growing public interest with the emergence of the Silk Road darknet marketplace
Summary
In typical Bitcoin style, the number one cryptocurrency turns 18 today, amid AI-driven security threats, quantum fears and the biggest exchange hack in crypto history. Eighteen years ago today, pseudonymous cypherpunk Satoshi Nakamoto posted the Bitcoin whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, to a cryptography mailing list. Created to bypass opaque institutions and remove the need for trust in financial transactions, Bitcoin (BTC) has been taking on the traditional financial system since its genesis block was mined on Jan. 3, 2009. Inscribed in that first block was a message from Satoshi, quoting a headline from The Times: “Chancellor on brink of second bailout for banks.” It captured the financial crisis backdrop against which Bitcoin was born. From its early years to adulthood, Bitcoin has had a tumultuous journey, fraught with controversy, intrigue and downright skulduggery.