The Biggest Trends in Bitcoin

It’s time to plunge into history and consider the five most unusual aspects of Bitcoin, starting with Satoshi Nakamoto.

  1. The Mysterious Satoshi Nakamoto

We can’t talk about Bitcoin without mentioning Satoshi Nakamoto. The mysterious creator appeared and disappeared from the world stage. No one knows if Satoshi is still alive, or if we are dealing with the most humble person in the world. After all, could you, as the great Bitcoin mastermind, have remained anonymous all this time? The probability that Satoshi is still among us is small, and we will never know for sure who this hero was.

2. The moment of Bitcoin’s birth

Satoshi Nakamoto is an incredibly interesting phenomenon, but no less interesting is the moment when the mysterious creator of Bitcoin shared his project with the world. When he was born, we were at the beginning of the global financial crisis. A crisis generated by the endless printing of money and the boundless greed of bankers. Satoshi Nakamoto’s answer is a form of money that no one and nothing can print. A form of money that is governed by the laws of nature, not by the emotions and greed of humanity.

3. Absolute deficit

The most special aspect of Bitcoin, apart from the fact that it is completely decentralized and no individual or legal entity has absolute power in it, is its absolute scarcity. The maximum figure of 21 million BTC is a sacred number. For the first time in the history of mankind, we have an asset or a form of money with an absolute maximum. At any given time, we know exactly how many Bitcoins are in circulation and how many more will be. Its scarcity is a part of security that we can rely on.

4. Listed companies and El Salvador

If in the early years Bitcoin was mainly a hobby project for computer nerds and criminals, now it has gradually turned into a means of saving for people. The answer to the inflationary fiat money of our governments. Today, not only smart people make savings in the military-technical complex, but also MicroStrategy, Tesla and Block — companies that have bitcoin on their balance sheet. El Salvador became the first country to do this in 2021, and now we are waiting for the next state to decide to do it.

5. The Future of Bitcoin

Nobody knows what the future holds for Bitcoin. Its decentralized nature makes it resistant to many external attacks, but there is no such thing as confidence in life. If all the governments of the world decide to ban the military-technical cooperation, it will be a difficult story, but it will probably be able to survive. However, it is more likely that countries will increasingly struggle for Bitcoin and the capital accumulated in this industry. At least, this is what we see now in the United States and many other countries of the world, where politicians advocate for Bitcoin.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Algorithmic Stablecoin: A Zero-Sum Game Between Algorithm and Humanity

How to Buy Crypto Snack Coin ($SNACK) — Beginner’s Guide

How to Buy Crypto Snack Coin ($SNACK)

We are all LUNAtics!

Horizon Crossing

This Week in Blockfolio Signal — March 22nd

SEC’s Gensler Says Crypto Exchanges Trading Against Clients

Institutional investors and the $24trn business opportunity of the era of tokenization

Merits and pitfalls in DeFi smart contracts investing

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Coinmarketrate

Coinmarketrate

More from Medium

How does cryptocurrency work?

Crypto Is Becoming Something That It Tried To Eliminate

MIT Bitcoin Expo 2022 Takeaways

The first time I heard about Bitcoin, I ignored it.