And as Bitcoin reaches an all-time high of $75,410, the crypto world looks back on some quotes about Bitcoin from its creator Satoshi Nakamoto. See the following historic statement from Nakamoto made by Bitcoin historian Pete Rizzo on 16 th anniversary of BTC.
It was made on November 6, 2008, and reaffirms Nakamoto’s belief in BTC future potential a vision that must have been very optimistic given that at the time of the declaration Bitcoin was worth $0.
Bitcoin’s Bullish and Bearish Liquidations Surpass $500 Million
Only one week prior to the statement given by Nakamoto the document the BTC white paper was published on October 31, 2008, thereby, opening the new age in financial history. BTC actually came into existence a couple of months later and was started by Nakamoto when he mined the first blockchain block, known as the genesis block, on 3rd January, 2009.
Satoshi’s dream is still alive today because not only has BTC achieved an unprecedented value, but also increased trading. In the last one day, a whopping $592 million worth liquidations occurred across theboard with longs and shorts being cleared across the exchanges.
As presented by CoinGlass, bullish positions incurred $212 million in liquidation, whereas bearish positions had $365 million. The single largest liquidation was again recorded by the BTCUSDT contract on Binance which crossed nearly $75 million.
Bitcoin is still on the rise as the words of Satoshi Nakamoto at the time of the launch of the cryptocurrency underline the significance of his vision of the decentralized money within current multifaceted and develop rapidly the world of cryptocurrencies.
