Bitcoin’s price today hit $14,000, the day of the twelfth birthday of its whitepaper.
That’s right, 12 years ago, to this day, Satoshi Nakamoto, Bitcoin’s pseudonymous creator, published the whitepaper that made all of this happen, including this clause right here, and this one, and this tweet:
#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
All this, and much, much more stems from that whitepaper. In it, Nakamoto described a peer to peer payments system that stretched across a distributed ledger, powered by a network of anonymous miners.
When Bitcoin launched at the start of 2009, the coin was almost worthless. And look at it now! Today, the coin, which is by far the largest by market capitalization, today reached highs of $14,028, according to metrics site CoinMarketCap. And the crypto-economy it created has a total market cap of $403 billion.
Bitcoin’s new record observes its highest price since January 2018. I.e., the highest price since the Bitcoin bubble of late 2017 popped, and the price crashed from its all-time-high of $20,000. Its current price is $13,912. That still marks a 4.61% increase in price compared to yesterday.
Bitcoin’s price started rising at the start of October, when it was worth about $10,500. It’s progressed upward/skyward/north since then, to its current price. What next?
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Nvidia announced Thursday it would invest $5 billion in Intel and collaborate on custom chips for data centers and personal computers, sending Intel's battered stock soaring 23% in early trading.
The investment, which would buy Nvidia roughly 215 million Intel shares at $23.28 each, comes just weeks after the Trump administration took a 10% stake in the struggling chipmaker.
As per the agreement, Intel will develop custom x86 CPUs optimized for Nvidia's AI platforms, potentially solving longsta...
Spot Bitcoin ETFs ended a seven-day streak of inflows with $51.3 million in net outflows on Wednesday, a pullback that followed nearly $3 billion of inflows the previous week.
The reversal came after a week of steady allocations, including more than $1 billion into BlackRock’s iShares Bitcoin Trust, $850 million into Fidelity’s Wise Origin fund, and smaller gains across Ark 21Shares and Bitwise offerings, according to Bitcoin ETF flow data from Farside Investors.
Grayscale’s Bitcoin Trust, by co...
Ethereum co-founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH, arguing that the delays are a deliberate safeguard to preserve trust in the chain.
The remarks come as exit times stretch beyond 43 days for validators leaving staking, prompting criticism from industry figures who say the process undermines usability.
“It's more like a soldier deciding to quit the army. Staking is about taking on a solemn duty to defend the chain,” Buterin tweeted. He explained tha...
