RATE Group | Why Analysts Are Bullish On Cryptocurrency As Bitcoin Turns 11
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Why Analysts Are Bullish On Cryptocurrency As Bitcoin Turns 11

03 Jan Why Analysts Are Bullish On Cryptocurrency As Bitcoin Turns 11

Posted at 20:26h in Ethereum News by

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Bitcoin Is Now 11 Years Old

Today is January 3rd, 2020. And if you know anything about the history of Bitcoin, you know that this means the world’s first cryptocurrency and its respective blockchain has turned 11 years ago, with this being the date that Satoshi Nakamoto, the pseudonymous coder-hacker behind the project, mined the Genesis Block of Bitcoin.

In it, the creator encoded a headline regarding the Great Recession of 2008, cementing the idea that he launched the project to counteract banks and governments in the minds of many.

Since then, Bitcoin has seemingly been on an unstoppable rise, with the price of the asset, which many say is the best measure of its success, rising by literal millions of percent, making it the best-performing asset, well, ever. That’s not to mention that the cryptocurrency has accomplished this all in…

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