NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Bitcoin is Another Year Older but Its Story is Just Beginning

Rick Delafont
Rick Delafont
5 years ago
2 mins read
crypto bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Today marks the eleventh birthday of the first viable digital asset, Bitcoin. On January 3, 2009, Satoshi Nakamoto anonymously mined the first block of the Bitcoin blockchain and with it, changed history.

Although Bitcoin has had an incredible first eleven years, its story is just beginning. The kind of disruption the cryptocurrency is capable of delivering is hardly going to happen overnight, and it even seems unlikely within a couple of decades.

Bitcoin: A Marathon, Not a Sprint

Eleven years ago today, the Bitcoin network went live. From its humble beginnings amongst a handful of dedicated cryptographers, the network has today caught the imagination of millions. If you’d have told those very earliest network participants that in just over a decade’s time Bitcoin would be worth more than $130 billion and have the attention of the world’s most powerful people, they almost certainly wouldn’t have believed you.

Despite Bitcoin already achieving more than most could have hoped for in its short existence, if it is to reach the global importance some of its most dedicated proponents think it will, it still has a very long way to go.

It will take bitcoin decades to fulfill its destiny.

If it's not doing what you want fast enough, the problem isn't with bitcoin but with your unrealistic expectations.

Cultivate patience. Embrace low time preference.

— Yuri (@tweetsofyuri) January 3, 2020

Since Bitcoin shares many of the same qualities as gold but with numerous advantages, commentators have frequently argued that it will eventually serve as a global settlement currency, like gold has in years past. Those of this persuasion believe that the current fiat system is an historic anomaly and its shortcomings, such as rampant inflation and the central banking system that controls it, will encourage the global public to turn to a much harder form of money.

Thanks to its completely fixed total supply and robust security model, Bitcoin represents the hardest form of money humanity has ever known. It is also much easier to transfer globally and to store – two of the shortcomings that made transitioning to the fiat system more palatable. Whilst these qualities do seem to make the digital asset more suitable as a global settlement currency than anything that has gone before it, if the Bitcoin network is to be adopted as the underlying asset for an entirely new digital economy, it is obviously not going to happen quickly.

Such a transition from the current system to one that is barely even imaginable today will surely take decades. Many of those who were drawn to the industry more recently appear jaded by the relatively stagnant couple of years that have just passed. However, as has been widely reported, Bitcoin, the very first entirely decentralised monetary system, was the best performing asset of the decade just past. For such a potentially disruptive innovation, that is frankly outstanding.

That said, even as it turns eleven years old, Bitcoin is still at a very early stage of its story. There will certainly be many more ups and downs if it is to absorb sufficient global capital for it to achieve the stability and trust needed for it to back a revolutionary new economy.

 

Related Reading: Eerily Accurate Analyst Expects Bitcoin to Hit $25,000; Here’s Why

Featured Image from Shutterstock.

 

Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ada-price-holds-0-80-snorter-presale-surges-2025-surprise-tw

ADA今日價格守住0.80美元關鍵支撐 Snorter預售爆紅成2025最大驚喜?

在萬物皆跌的加密世界裡,ADA試圖守住0.80美元的支撐,這不是一次技術上的死撐,而是信念與市場心理之間的拉鋸。自從跌破1美元後,Cardano被許多人貼上了過氣公鏈的標籤,即便它曾在牛市頂峰站上3....

Kelvin Lee 2 hours ago
Solana SOL SOLUSD

Solana Price Tightens Near $200 While Adoption and Treasuries Challenge Bitcoin

Solana (SOL) has entered a crucial zone as the price tightens near the $200 support level. The recent pullback in...

James Halver 3 hours ago
bitcoin

Bitcoin Market Sees Over 73,000 BTC Influx Into Wallets Younger Than 1 Month – Is A Rally Near?

As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand...

Ash Tiwari 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy

Rubmar Garcia 1 hour ago
Bitcoin

Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish

Keshav Verma 2 hours ago
Bitcoin Price Struggles Under Resistance

Bitcoin Price Struggles Under Resistance – Will Bulls Fail and Bears Take Control?

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    8 hours ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    9 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    13 hours ago
  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    15 hours ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    15 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.