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How Bitcoin Could Fall When This Happens
History shouldn’t repeat itself
The domain name bitcoin.org was silently registered online in August 2008. Then, a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was circulated on a cryptography email group two months later.
The paper marked the first time Satoshi Nakamoto has been seen on the internet, and it permanently associated the name “Satoshi Nakamoto” with cryptocurrencies.
By the name, most thought the creator behind Bitcoin is Japanese, however, in the light of the recent rise of Bitcoin, people have started pondering the possibility of the word Satoshi a code name representing one person or a group of people.
On April 23, 2011, Nakamoto left one of his final messages,
“I’ve moved on to other things,”
Referring to the future of the cryptocurrency he also said,
“in good hands.”
Bitcoin has seen considerable highs and lows since its inception in 2009. The currency has increased by more than 400% in the last year alone.
What makes Bitcoin valuable today
Bitcoin is intrinsically untraceable.
