Satoshi’s Bitcoin (BTC) White Paper Turns 14, Fed Interest Rate Looms
On October 31st, fourteen years ago, Satoshi Nakamoto published one of the most important documents written in this century, the Bitcoin white paper. Through the white paper, Satoshi introduced the world to the first scalable peer-to-peer electronic cash system.
While it took several months before the Bitcoin (BTC) network went live and the first block was mined, October 31st is celebrated as White Paper Day. Since the 9-paged document was released, over 20 thousand cryptocurrencies have been launched.
In July 2010, BTC began trading at $0.0008, only crossing the $1 threshold in April 2011. Bitcoin currently trades above $20,700, having recorded its all-time high of $68,789 in November 2021.
While the road has not been smooth for Bitcoin, the asset is enjoying its biggest adoption since its white paper was released 14 years ago.
