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Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Today Marks 11 Years Since Bitcoin’s Genesis Block

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin crypto big bang genesis block birthday

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On January 3rd, 2009, the mysterious Satoshi Nakomoto – pseudonymous creator of Bitcoin and blockchain technology, mined the first-ever Bitcoin block, dubbed the Genesis Block.

Today, we look back at the monumental event that took place more than ten years ago and celebrate the birth of blockchain and the world’s first-ever cryptocurrency: Bitcoin.

On This Day: 11 Years Since Satoshi Mined The First Bitcoin Block

Cypherpunks – technological activists that promote privacy, decentralization, and cryptography – had long been experimenting with the earliest forms of digital cash. However, before this technology could ever reach the mainstream, developers needed to first address double-spending.

Related Reading | The Most Lucrative Signal in Bitcoin History Just Flipped Buy

The mysterious Satoshi Nakamoto found a solution similar to Hal Finney’s Reusable Proof-of-Work system, and thus, distributed ledger technology and the proof-of-work mining system that verifies all blockchain transactions were born.

While Bitcoin’s white paper was first introduced in 2008 via a Cypherpunk mailing list, it wasn’t until January 3, 2009 that Satoshi mined the first Bitcoin block, now referred to as the Genesis Block.

Embedded within the coinbase of the Genesis Block, Satoshi included a headline from The Times referencing big banks being bailed out during economic turmoil. Bitcoin was also designed as a digital replacement for fiat currency and was hard-coded to include certain attributes that made it a deflationary asset, including digital scarcity.

11 years ago, we were given a more effective way to peacefully protest. pic.twitter.com/OANKpz6nWc

— Rhythm (@Rhythmtrader) January 3, 2020

At the time the Genesis Block was mined, Bitcoin was completely worthless, and no transactions had yet been made. It was nothing more than an experiment, ready to be released into the wild for the very first time. Now, it’s the best investment of the past decade.

Nakamoto selected Cypherpunk Hal Finney to receive the very first Bitcoin transaction. Finney, now deceased, was often believed to actually be Bitcoin’s creator and the person behind the Satoshi Nakamoto pseudonym.

Satoshi spent the first couple years of Bitcoin’s existence supporting the development of the project, but in 2010 disappeared without so much as a trace. The mysterious creator of Bitcoin is said to have more than 1 million of the 21 million BTC to ever exist, and if the person is deceased or incapacitated in some way, that BTC could be considered as supply that’s lost and locked away forever.

To this day, individuals regularly claim to be Satoshi Nakamoto and the creator of one of the most disruptive, world-changing pieces of technology to ever exist, however, there’s never been any validity to the claims.

Related Reading | Here’s What $100 in Bitcoin Would Have Made Next To The Decade’s Best Investments

Today, Bitcoin trades at prices over $7,000 up from being virtually worthless. Whether or not society continues to adopt the technology in favor of aging fiat currencies remains to be seen, but someday, the cryptocurrency could be worth as much as $1 million per BTC – especially if it ever unseats fiat as it was intended to.

Happy Birthday, Bitcoin! Here’s to another year.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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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.

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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.

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