Prominent Bitcoin supporter and MicroStrategy chairman Michael Saylor has made an astonishing claim about the anonymous Satoshi Nakamoto.
Saylor put Satoshi’s ghost to work in a tweet, writing, “Satoshi ignited a fire in cyberspace.” Saylor uses the metaphor of a “fire in cyberspace” to characterize Satoshi’s development of Bitcoin, emphasizing the immense revolutionary power of this digital currency.
The anonymous creator of Bitcoin, whose identity is still a mystery, published the whitepaper in 2008 and mined the first block in 2009.
Independent of authorities, Satoshi envisioned a decentralized, peer-to-peer electronic currency system. This idea has grown into a worldwide movement, with Bitcoin at the forefront of the cryptocurrency revolution.
The increasing demand for bitcoin exchange-traded funds (ETFs) propelled the cryptocurrency’s price last week, bringing it within 2.5% of its all-time high of $73,798 reached in mid-March. Bitcoin was trading at $69,711 as of this writing, an increase of about 161% year-over-year.
After the SEC authorized exchange-traded funds (ETFs) that invest directly in Bitcoin in January, the boom this year picked up speed. The authority moved closer to licensing spot Ethereum ETFs that are similar in May.
Crypto expert Ali identified a solid support zone between $69,380 and $67,350 as Bitcoin considers its next price move. Holding this level could be key for BTC to retain its upward momentum; it is where 1.97 million addresses purchased 964,000 BTC.
Ali said that over 22,647 BTC, which is valued at more than $1.57 billion, were recently removed from cryptocurrency exchanges, which is an optimistic tone.
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