Skip to the news
BetFury News
Saturday 31 OctoberAdvertiseSources read

Crypto & Bitcoin

Bitcoin whitepaper turns 18, but what are the challenges ahead for BTC’s $1.6T market?

Reported by Benjamin Njiri, AMBCrypto

Image: AMBCrypto

It has been 18 years since Satoshi Nakamoto’s Bitcoin whitepaper was released on 31st October, 2008. The idea was simple - Offer an exit hatch from the traditional financial system with a peer-to-peer (P2P) money network with a fixed supply (21M coins) and no central control. Interestingly, the timing was not coincidental. It was just over two months after the U.S government committed to bailing out major banks after the 2008 financial crisis using taxpayers' money. That meant massive money printing and hyperinflation and a decline in citizens’ purchasing power and wealth.

This is an excerpt. The reporting belongs to AMBCrypto.

Read the full report on ambcrypto.com
Pass it onXTelegramRedditWhatsApp