- BTC is traded with 81 million wallets in existence right now.
- BTC has already been a major representative of cryptocurrency for 14 years.
Bitcoin, the world’s first cryptocurrency, was created in 2008. At the time, the majority of people were unaware of it, and considered it a joke, and things have changed dramatically since then.
Bitcoin’s price has been swinging wildly since the start, rising to over $70,000 in November 2021. It has successfully delivered on promises that it will be globally adopted as a usable legal cryptocurrency, with 81 million wallets now in existence.
Bitcoin (BTC) lifecycle
The early followers of BTC believed that the coin would bring them the most important freedom, security and financial independence. However, they soon realized that this was not a guarantee and that their transactions could be easily traced. It is now the best anti-inflation strategy.
Bitcoin has had its ups and downs over its 14-year history, but its annual growth is getting stronger.
The cryptocurrency market has grown stronger, and when a bear is encountered, participants rebuild the coins using the excitement of previous bull runs. Instead of trying to bring new, bloated tokens to a saturated market, the focus should be on figuring out how to deliver the benefits that Bitcoin and the blockchain were designed to offer.
This includes encouraging financial independence through privacy protections, fair taxation, and balanced regulatory protections. No token or cryptocurrency today, including Bitcoin, really provides this.
For 14 years, Bitcoin has been a major player in the cryptocurrency industry as a representation of the entire market. And every change in the BTC market has a huge impact on other currency markets.
recommended to you
#Bitcoins #14year #journey