Bitcoin whitepaper turns 18, but what are the challenges ahead for BTC’s $1.6T market?
Photo: AMBCrypto
It has been 18 years since Satoshi Nakamoto’s Bitcoin whitepaper was released on 31st October, 2008. The idea was simple - Offer an exit hatch from the traditional financial system with a peer-to-peer (P2P) money network with a fixed supply (21M coins) and no central control. Interestingly, the timing was not coincidental. It was just over two months after the U.S government committed to bailing out major banks after the 2008 financial crisis using taxpayers' money. That meant massive money printing and hyperinflation and a decline in citizens’ purchasing power and wealth.
Source: AMBCrypto
