Bitcoin sets a new historical record
11 March 2024 16:59
On 11 March, the cryptocurrency Bitcoin reached a historic high. As of 16:45 Kyiv time, one Bitcoin was trading at $72,036.75 on the CoinDesk platform. This is the absolute maximum for the existence of this cryptocurrency and cryptocurrencies in general.
The current growth began in late January, when Bitcoin was below $40,000. Since then, the currency has almost doubled in value, showing no signs of a future decline.
Prior to this period, the previous record for the value of Bitcoin was set on 10 November 2021, when it rose above $69 thousand.
Bitcoin
Bitcoin is the world’s first and most popular cryptocurrency, which appeared in 2009. It was created by a person or a group of people under the pseudonym Satoshi Nakamoto, who remains anonymous. Bitcoin is based on blockchain technology and has no centralised governing body.
Bitcoin is “mined” using a special mining technology, which is a digital analogue of mining physical minerals. Similarly to physical minerals, the number of Bitcoins is limited – there are only 21 million tokens in existence. So far, 19 million tokens have been mined, which is more than 90% of all “deposits”. Therefore, mining is becoming more and more difficult and expensive.
Bitcoin, like anything else in the world, can be exchanged for anything else, including traditional currencies. The value of Bitcoin shows the level of trust in it.
Bitcoin is considered to be a secure and well-protected currency with a very high level of confidentiality. In the Bitcoin system, all information about transactions is open, but information about owners is completely anonymous. Therefore, Bitcoin, like some other cryptocurrencies, is popular among Ukrainian corrupt officials.
