Exactly 12 years ago, Satoshi Nakamoto mined the first bitcoin block on January 3, 2009. Since then, the crypto asset has realized massive gains providing profits for investors especially due to its explosive surge in the past week alone.
The bitcoin price reached parity with the US dollar about ten years ago today which is a milestone that was lauded by many as another key step towards adoption. With bitcoin currently hovering between $32,000 and $34,000, its price is now the same as that of a Model 3 Tesla that retails for around $30,000.
— Documenting Bitcoin 📄 (@DocumentingBTC) January 3, 2021
Institutional investors with millions to buy bitcoin are also gaining billionaire status just a few days into 2021. MicroStrategy’s Bitcoin bet dating between August and September 2021 is paying off well. Its original $425 million investment is now worth over $1.2 billion at the time of writing.
Tesla CEO Elon Musk is still HODLing his 0.25 BTC. His crypto portfolio is now worth around $8,000 with bitcoin’s market cap nearing the car manufacturer’s. Based on data acquired from AssetDash, Bitcoin is now the 9th biggest asset by market capitalization at $615 billion behind e-commerce giant Alibaba and Tesla.
In the meantime, the 1,125,150 BTC linked to Satoshi Nakamoto has been valued at much more than $1 billion for some time. Nonetheless, the current bull run now makes Nakamoto rank among the top 40 richest people globally, with his BTC holdings worth about $37 billion. He ranks just behind British businessman Len Blavatnik according to data acquired from the Bloomberg billionaire index.
As Bitcoin breaks new records with every day that passes, social media interest has exploded to record highs. Based on Josh Frank of The TIE, the total tweet volume about BTC has exceeded that of the 2017 bull run to reach 140,000. Also, over 70,000 unique Twitter handles are posting about the biggest crypto asset.
At the time of writing, the price of bitcoin is consolidating above $32,000 after surging by more than 20% in the past 7 days. The crypto recorded anew all-time high above $34,800 on January 3, 2021.