- Satoshi Nakamoto would have been 50 today but his identity is still a mystery, as well as nobody has access to his wealth.
- He chose April 5 as his birthday, which possibly might be a linguistic reflection of the United States monetary policy.
April 5, 2025, marks Satoshi Nakamoto’s 50th birthday, based on the date listed in his P2P Foundation profile. The identity of Nakamoto remains unknown, but the significance of his invention is evident. Bitcoin is no longer an esoteric invention; it has become an asset worth trillions of dollars with increasing acceptance.
It seems that Nakamoto intentionally chose his claimed birth date. On April 5th, 1933, America prohibited its citizens from owning gold under Executive Order 6102. Nakamoto even chose the birthdate of his supposed invention using the number 42, which is quite symbolic indeed. This fundamentalism resulted from the inherent scarcity of Bitcoin and peer-to-peer mechanisms in opposition to the ordered accumulation of power.
In addition, it is significant that the difficulty of obtaining Bitcoin increases every 2,016 blocks, which is, in fact, the reverse of 6102. These cryptics thus perpetuate further rumors about Nakamoto’s purpose and meaning.
Milestones Mark a Transformative Year for Bitcoin
The past year has marked some key events in Bitcoin history that have solidified its place in the modern economy. The fourth Bitcoin halving occurred on April 20, 2024, and mining rewards were lowered from 6.25 BTC to 3.125 BTC.
Despite heavy interest, users spent $2.4 million in the fee to be a part of block 840, 000 Bitcoin’s price remained virtually stagnant at around $64,000. The stability indicates a more developed Hash rate demand that does not exhibit the same excessive fluctuations as the previous cycles.
After the unpredictable re-election of Donald Trump and positive signals for crypto regulation, Bitcoin reached $100,000 by December 2024. ETF approvals and macro sentiment were two factors that drove the price into six figures compared to the previous year.
Security also reached new heights. The hashrate of Bitcoin’s network reached 1,000 EH/s by January 3, 2025, which is significantly higher as compared to the hashrate in early 2024. Such trends arise from increasing miner confidence and investment in constructing necessary infrastructure.
Further, on the 7th of March 2025, President Trump signed an executive order to create a Strategic Bitcoin Reserve through funds grabbed from criminals. The reserve is a long-term storage designed as a modern-day gold stock which is held by the Treasury.
Institutions continued their march into Bitcoin. Strategy, formerly MicroStrategy, made history by becoming the first company to hold over 500,000 BTC. Currently, it has 528,185 BTC, which is equivalent to over $43 billion. The average buy price is $ 66,608, demonstrating the firm’s confidence in the shares. GameStop followed it up with its announcement on March 26.
Satoshi’s Wallet Stays Silent as Speculation Grows
However, Nakamoto’s stake of more than 1.09 million Bitcoins has not yet been moved. That stash, which was mined nearly a decade ago during the initial years of the cryptocurrency, is now worth over $91 million. With Nakamoto’s wallet not being active, it still occasionally gets CoinJoin transactions from time to time. While some consider it to be paying respects, to some, it seems like a way to obscure the addresses.
Controversy over Satoshi’s true identity continues to persist. In 2024, a U.K. court cleared Craig Wright of being the owner of Bitcoin and that he lied to the court. The HBO documentary that followed recommended the Canadian cryptographer Peter Todd, who dismissed the assertion shortly afterward. Online theories continue to shift the blame to Hal Finney, Nick Szabo, and Jack Dorsey without any evidence.
The history of Bitcoin cannot be told without the first message it sent to the people. Bolted into the code, there is a message from The Times: “Chancellor on brink of second bailout for banks.” That was not just banter but was an utterance that evolved into a revolt against central banking and state monetary bailout. Today, Bitcoin is valued at $83,493, with a market cap of $1.65 trillion.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/inHvVlx
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