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RT @j0hn1x: been working on the @yeet airdrop since day 1 great group of guys as founders always interacting with community customer ser…

💥 Can Bitcoin Break Conference Curse at This Week's Las Vegas Event? As bitcoin BTC$109,579.17 enters this week’s Bitcoin Conference in Las Vegas priced at roughly a record high above $109,000, traders and analysts are closely watching whether it what's become a trend of poor performance after these events. Historical data compiled by Galaxy Research across five prior conferences from San Francisco in 2019 to Nashville in 2024 reveals that bitcoin has generally fared poorly both during and especially after these gatherings.For example, the 2019 event saw a 10% decline during the conference and BTC went on to tumble 24% over the following month. The 2022 conference in Miami showed a similar trajectory: down 1% during the event and a steep 29% slide in the month after. Both of those instances, however, occurred in the middle of bear markets. Even in bull market years like 2023, though, price action remained flat or slightly negative. The most recent 2024 conference in Nashville in July — which featured then-presidential candidate Donald Trump promising a strategic bitcoin reserve — posted a 4% gain during the event, but a fast 20% decline shortly after, coinciding with the unwinding of the yen carry trade that triggered a broader risk-off move across global markets.The setup this year — which is set to feature current Vice President J.D. Vance — could be materially different as institutional engagement is rising. Still, with historical data stacked against it, bitcoin faces a psychological hurdle as much as a technical one. Conference weeks have become sell-the-news moments. #BTC #Bitcoin

# The History of Bitcoin: From Digital Experiment to Global Phenomenon Bitcoin (BTC), the world's first decentralized cryptocurrency, has transformed from an obscure digital experiment into a trillion-dollar asset class. Its journey, marked by innovation, controversy, and rapid adoption, reflects a broader shift in how society perceives money and financial systems. Here’s a concise history of Bitcoin, covering its origins, key milestones, and evolution over the past 16 years. --- ## **The Origins of Bitcoin (Pre-2009)** Before Bitcoin, several attempts were made to create digital cash systems, including: - **DigiCash (1989)**: Developed by cryptographer David Chaum, it used blind signatures for privacy but failed due to lack of adoption . - **B-Money (1998) & Bit Gold (2005)**: Proposed by Wei Dai and Nick Szabo, these concepts introduced decentralized digital scarcity but lacked a working implementation . - **Hashcash (1997)**: Adam Back’s proof-of-work system, later adapted by Bitcoin to secure transactions . These ideas laid the groundwork for Bitcoin, which combined cryptography, decentralized consensus, and economic incentives into a single system. --- ## **The Birth of Bitcoin (2008–2009)** ### **The Whitepaper and Launch** - **October 2008**: An anonymous figure (or group) named **Satoshi Nakamoto** published the Bitcoin whitepaper, *"Bitcoin: A Peer-to-Peer Electronic Cash System"*, outlining a trustless, decentralized currency . - **January 3, 2009**: Nakamoto mined the **Genesis Block (Block 0)**, embedding a headline from *The Times*: *"Chancellor on brink of second bailout for banks"*—a critique of traditional finance . - **January 12, 2009**: The first Bitcoin transaction occurred when Nakamoto sent **10 BTC** to cryptographer Hal Finney . ### **Early Adoption** - Bitcoin had no monetary value initially. The first recorded exchange rate (October 2009) was **$0.00099 per BTC** . - **May 22, 2010**: Programmer Laszlo Hanyecz paid **10,000 BTC for two pizzas** (now celebrated as **Bitcoin Pizza Day**) . --- ## **Growth and Challenges (2010–2016)** ### **Market Emergence** - **2011**: Bitcoin hit **$1**, then surged to **$32** before crashing to **$2** due to exchange hacks . - **2013**: BTC surpassed **$1,000** but dropped sharply after China banned financial institutions from using it . ### **Key Events** - **Mt. Gox Hack (2014)**: The largest Bitcoin exchange collapsed after losing **850,000 BTC** (worth $450M then, ~$85B today) . - **Silk Road Controversy**: Bitcoin’s use on the dark web drew regulatory scrutiny but also demonstrated its censorship-resistant nature . --- ## **Mainstream Recognition (2017–2024)** ### **Bull Runs and Institutional Adoption** - **2017**: Bitcoin reached **$20,000**, driven by retail frenzy and the rise of **altcoins** like Ethereum . - **2020–2021**: COVID-19 stimulus fueled a rally to **$69,000** (November 2021), with companies like **Tesla and MicroStrategy** adding BTC to their balance sheets . - **2024**: Bitcoin hit **$100,000** after **Spot ETF approvals** and the **fourth halving** (reducing miner rewards to **3.125 BTC per block**) . ### **Technological Advances** - **Lightning Network**: Enabled faster, cheaper transactions . - **Taproot Upgrade (2021)**: Improved privacy and smart contract capabilities . --- ## **Bitcoin Today (2025) and Future Outlook** As of **May 2025**, Bitcoin trades around **$109,000**, with a market cap exceeding **$2.2 trillion** . Key developments include: - **Institutional Adoption**: Governments (e.g., El Salvador) and corporations now hold BTC as a reserve asset . - **Regulatory Clarity**: The U.S. has introduced crypto-friendly policies, including a proposed **"Strategic Bitcoin Reserve"** . - **Ongoing Debates**: Environmental concerns (energy-intensive mining) and scalability remain challenges . ### **What’s Next?** - **2028 Halving**: The next supply reduction could further impact BTC’s price . - **Global Currency?** Some predict Bitcoin could become a **neutral reserve asset**, rivaling gold . --- ## **Conclusion** Bitcoin’s history is a story of resilience and innovation. From a niche cypherpunk experiment to a cornerstone of modern finance, it has redefined money, trust, and decentralization. Whether Bitcoin achieves its vision of replacing traditional finance remains uncertain, but its impact is undeniable. *"Bitcoin is money; everything else is credit."* — Adapted from J.P. Morgan . *(Word count: ~950)* For further reading, explore [Bitcoin’s whitepaper](https://bitcoin.org/bitcoin.pdf) or historical price charts .

RT @robin_j_brooks: How will the EU ever be a credible foreign policy actor if this is the reality: ongoing and massive transshipments to R…

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