Anycoin Direct delves into the history of Bitcoin

It is the oldest and most famous cryptocurrency in existence. Since its inception in 2009, the crypto world has changed dramatically, yet one thing has remained constant: Bitcoin is number one by total market value. Crypto broker Anycoin Direct explores this history and explains why the digital currency can be an interesting investment opportunity.

It is the oldest and most famous cryptocurrency on earth. A lot has happened in the crypto world since its inception in 2009, but one thing has never changed: Bitcoin is number one as the most valuable coin in total market value. Crypto broker Anycoin Direct delves into history and explains why the digital currency can be an interesting investment opportunity.

The concept of blockchain was already described by Wei Dai in 1998. A blockchain is a chain of blocks that are written together in an endless series. All blocks together then form the connected chain, which is continually expanded with new blocks. The very first block of a blockchain is called the Genesis Block. This was generated on January 3, 2009, at 18:15:05 PM GMT to be precise. The block contained a message: “The Times 03/JAN/2009 Chancellor on brink of second bailout for banks”. This immediately provides the clue as to why Bitcoin was developed. It had to become an alternative to the financial system. 

Genesis Block

Since the Genesis Block, a new Bitcoin block has been mined every 10 minutes. In April 2011, Bitcoin was worth a dollar for the first time. That same year in June it was at $10. After the halving – when miners only receive half as a reward for their proof of work – the price continues to skyrocket. For example, the price of Bitcoin reached $2013 in 1000, $2017 in 20.000 and even around $2021 in 65.000. In 2021, Bitcoin reached a market capitalization of $1000 trillion for the first time. 

Also read: ''Anycoin Direct explains: Bitcoin halving''

The next halving is expected around the end of March 2024, according to the blockchain. Then miners will only receive 3.25 Bitcoin for successfully creating a block. Although it is of course a bit of a waste of time to look at, Anycoin Direct dares to look at the previous ones halving– cautiously predicting that the price of Bitcoin will increase after 2024. 

Anycoin Direct

Anycoin Direct has been active since 2013, making it one of the oldest crypto brokers in the Netherlands. Anycoin has an official registration with the DNB. Buying, selling, sending, receiving and storing crypto is all possible with a free Anycoin Direct account. Curious? View the website here for more information.