Bitcoin's 17th birthday - Rising as a major global asset

Source: BlockMedia Original Title: January 3rd marks Bitcoin’s 17th birthday – Standing tall as a major global asset Original Link: January 3, 2026[image]local time( marks the 17th anniversary of the creation of Bitcoin’s first block, the Genesis Block. It is 3:15 AM on January 4th, Korea time.

Satoshi Nakamoto announced the Bitcoin white paper at 2 PM on October 30, 2008. With the help of Hal Finney, the first mining operation created the Genesis Block on January 3, 2009.

The mining location is recorded as a small server in Helsinki, Finland. Bitcoin was born when the first block was mined and a reward of 50 bitcoins was received.

Satoshi Nakamoto created Bitcoin, a peer-to-peer currency based on “trustless trust” without central trusted institutions)central banks and nations(.

There are two main differences from traditional fiat currencies. One is that it is issued without a nation, and the total supply is limited to 21 million coins. Satoshi Nakamoto aimed to protect individual privacy and create real money that compensates for sweat and effort.

He included a symbolic phrase explaining why he created Bitcoin in the Genesis Block. The headline from The Times)The Times( dated January 3, 2009, was recorded in the Genesis Block.

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The phrase left on the first Bitcoin transaction is the headline: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” — the front page headline from The Times on January 3, 2009, about the UK Chancellor’s impending second bank bailout.

Through this article, Satoshi Nakamoto indicated the creation time of the Genesis Block and expressed a hope for Bitcoin to replace the broken traditional financial system. We are still witnessing the consequences of unlimited money printing, including bailouts, leading to inflation and soaring asset prices, which widen wealth inequality.

Satoshi Nakamoto believed that Bitcoin’s transparent monetary policy could overcome the harms of reckless money printing and unpredictable monetary policies. Bitcoin has survived for 17 years. During this time, 19.5 million coins have been mined. After the fourth halving in 2024, currently, 3.125 bitcoins are produced every 10 minutes. Bitcoin’s scarcity)compared to existing supply( has already surpassed gold.

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On the 17th anniversary of Bitcoin’s creation, Satoshi Nakamoto’s vision is materializing as countries, financial institutions, and individuals accept Bitcoin in various ways.

Bitcoin has now established itself as a major store of value and is being incorporated into national foreign exchange reserves)reserves(.