People across the world are celebrating the birthday of Bitcoin. Today, Bitcoin officially turns 14 years old. What is a Bitcoin Birthday and who’s celebrating it? In this article, we go over a quick brief on Bitcoin and its start which marks a Bitcoin Birthday.
What is Bitcoin?
By now, everyone is aware of Bitcoin. However, it’s critical to draw attention to Bitcoin’s key features. Decentralization is the core concept of Bitcoin, which enables peer-to-peer transactions without the use of middlemen like banks. This indicates that transactions can be carried out directly between users without the assistance of a third party for verification or facilitation.
In a world where privacy is a growing concern, Bitcoin is able to return privacy controls over to consumers.
What is Bitcoin Birthday?
Bitcoin (BTC) celebrated its 14th birthday on January 3rd, 2023. Bitcoin was created on January 3, 2009, when the genesis block was generated.
What is Bitcoin Genesis Block?
The first block ever mined for a cryptocurrency like Bitcoin is known as a “Genesis Block.” A blockchain is made up of several so-called blocks used to store data on transactions that take place on a blockchain network. Each block has a distinct header, and the block header hash is used to uniquely identify each such block.
Who celebrated the Bitcoin Birthday?
Naturally, Bitcoin hodlers and admirers wished Bitcoin a happy birthday. Crypto companies and exchanges also announced their Bitcoin wishes, as they wished for a long-term growth.
Where will Bitcoin reach in 2023?
If Bitcoin continues to crash towards the low of around 12K, Bitcoin might reverse from that price higher. Looking back at how Bitcoin recovered, we can see that BTC prices jumped from $10,000 to $60,000 within 6 months. This assumption suggests that Q3 of 2023 should confirm the end of the downtrend and open a renewed bull crypto market. By then, Bitcoin can at least reach around 70% of its previous ATH.
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