Bitcoin's 11th Anniversary, The Full Review

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Editor | Hao Fangzhou

Produced by Odaily Research Institute

Image credit Cointelegraph

On November 1, 2019, Bitcoin ushered in its 11th birthday.

11 years ago today, an anonymous scientist using the name Satoshi Nakamoto first proposed the concept of Bitcoin in an academic paper sent to the cryptography mailing group.

Today, Bitcoin has gone from being ignored to supporting 67% of the market value of the entire digital currency market. Not only that, Bitcoin is trying to "turn positive" and try to enter the portfolio of traditional institutional investors.

On the 10th anniversary of Bitcoin (2018), we have made a detailed inventory of Bitcoin's past and present.But in 2019, the development of Bitcoin has even stepped out of the magical situation.

This year, after being silent for a long time, Bitcoin successfully regained its position at $10,000. Not only that, Bakkt was approved to go online, and it also brought institutional funds to Bitcoin. Even the chairman of the Federal Reserve also recognized the value storage function of Bitcoin . Of course, Bitcoin is also facing a lot of shocks in 2019. The "Three Kingdoms Killing" of Bitcoin, Libra, and legal digital currency is still in fierce battle. The imminent emergence of China's legal digital currency will bring changes to the global digital payment market structure. We will wait and see.

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