In a tweet, Saylor invoked the spirit of Satoshi, declaring that “Satoshi started a fire in cyberspace.”
Speaking metaphorically, Saylor describes Satoshi’s creation of Bitcoin as starting a “fire in cyberspace,” highlighting the revolutionary impact of this digital asset on the world.
Satoshi Nakamoto, whose true identity remains a mystery, released the Bitcoin whitepaper in 2008 and mined the first block of the Bitcoin blockchain in 2009.
Satoshi’s vision was to create a decentralized, peer-to-peer electronic cash system that operates independently of central authorities. This vision has since evolved into a global phenomenon, with Bitcoin leading the charge in the cryptocurrency revolution.
The “fire” Saylor refers to might mean the spark of innovation that has ignited a global movement toward decentralized finance. Satoshi’s Bitcoin creation has undoubtedly ignited a transformative force in the digital world, reshaping how we think about money, value and decentralization.
This year’s boom accelerated after the Securities and Exchange Commission allowed ETFs that invest directly in Bitcoin in January. In May, the regulator took a step toward authorizing comparable spot Ethereum ETFs.
As Bitcoin weighs its next price move, Ali, a crypto analyst, noted that it is anchored in a strong support zone between $69,380 and $67,350. This is where 1.97 million addresses acquired 964,000 BTC, and holding this level might be crucial for BTC to sustain its upward momentum.
In a bullish undertone, Ali reported that approximately 22,647 BTC, worth over $1.57 billion, were recently withdrawn from crypto exchanges.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
