Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
On this day 14 years ago, Satoshi Nakamoto, Bitcoin’s pseudonymous founder, made his last known post on the Bitcoin forum. According to Bitcoin historian Pete Rizzo, Satoshi ceased activity on the discussion platform as he logged off the following day, Dec. 13, 2010, never to return.
Satoshi Nakamoto’s final post on the Bitcoin forum on Dec. 12, 2010, and subsequent disappearance on Dec. 13 of the same year marked a defining moment in Bitcoin’s history. Satoshi’s departure shifted the responsibility of Bitcoin’s development and governance to its decentralized community.
Fourteen years later, Bitcoin remains a testament to the power of decentralized technology, thriving without its creator’s direct involvement. The leading cryptocurrency has evolved into a multi-trillion-dollar asset class, inspiring the creation of thousands of cryptocurrencies and blockchain-based apps.
Related
To this day, Satoshi Nakamoto’s true identity remains unknown. Speculation has ranged from a single individual to a group of developers, but no conclusive evidence has emerged.
Bitcoin’s remarkable journey
Bitcoin has gone from a fraction of a cent to $100,000, a monument to its remarkable journey from a small corner of the internet to a piece of globally important financial infrastructure.
According to Glassnode, the Bitcoin network has grown by leaps and bounds since the Genesis Block, achieving a market capitalization of $2 trillion, flipping silver in value and settling $131 trillion in volume via 1.12 billion transactions.
Related
Throughout this era of exceptional market boom, investors have realized a total of $1.27 trillion in profit and -$592 billion in losses on-chain, resulting in a cumulative net capital inflow of $750 billion, highlighting the tremendous value that has flowed into the Bitcoin network over its lifetime.
On Dec. 5, notable aggregate balances included 1.8 million BTC (9.1% of the supply) held on exchanges and 1.1 million BTC (5.6% of the supply) managed by U.S.-based ETFs, indicating exceptional growth since their launch on Jan. 11, 2024. Furthermore, miners (excluding Patoshi) possessed 700,000 BTC (3.5% of the supply), whereas the U.S. Treasury had 187,000 BTC (0.9% of the supply), demonstrating the vast spread of ownership across various entities.
