Bitcoin's market value exceeded $1 trillion. Additionally, the value of the digital currency rose above 51 thousand dollars during the day. The market value of the digital currency Bitcoin exceeded $ 1 trillion for the first time since late 2021. The unit value of the cryptocurrency also increased by 3 percent during the day, exceeding the level of 51 thousand dollars, reaching this price for the first time since December 2021. Bitcoin is currently at $51,664. INCREASE OF OVER 150 PERCENT IN ONE YEAR According to CNBC, the price increase continues its rise that started in January last year. In 2024 alone, Bitcoin is up more than 21 percent. It surged more than 150 percent in 2023 as expectations grew that the US Securities and Exchange Commission would approve Bitcoin exchange-traded funds (ETFs), and this approval came in January this year. Bitcoin's last record high was just under $69,000 in November 2021.
HALVING IS EXPECTED Bitcoin price fell after ETF approval. A new rally began in late January as Bitcoin investors awaited the halving, a supply-limiting event that now occurs every four years and is scheduled for April. When the halving occurs, Bitcoin rewards given to Bitcoin miners are halved, which reduces the volume of the cryptocurrency in the market. The latest leg of the rally was driven in part by high demand for ETFs. Newly issued spot bitcoin ETFs brought a net inflow of $1.1 billion into the market last week. Price increases were also observed in other cryptocurrencies. Ether reached the $2,759.87 level.Bitcoin rose to $50,000 for the first time in more than two years. Bitcoin rose to $50 thousand 368. Thus, it came one step closer to its historical high level of 69 thousand dollars, which it saw in November 2021. Bitcoin is currently selling at $49,880 with a premium of around 3 percent.Bitcoin, the leading cryptocurrency, continues its rise with purchases, even though it sees profit sales. Bitcoin prices started to strengthen. Optimism about the four-year Bitcoin halving that will take place in April is also reflected in prices. The halving reduces the amount of Bitcoin miners receive to run powerful computers that verify transactions on the blockchain. ETFs ALSO SUPPORT Although Bitcoin rose towards the highest level of the year, $49,051, with the support of intense interest in the spot exchange traded fund that started trading, it experienced a slight decline due to profit sales.
Australian Craig Writh was tried in London this week for the lawsuit filed against him following his claims that he invented Bitcoin. Wright, a 53-year-old computer scientist, claimed to be the enigmatic Satoshi Nakamoto, known as the creator of the digital currency Bitcoin. Based on this claim, Wrigth was sued by some crypto investors, alleging that he lied and forged documents. With this case, "Who actually is Satoshi Nakamoto?" question again Hurriyet.com.tr / Economy Service Bitcoin has rapidly increased in popularity, becoming the largest cryptocurrency. Bitcoin currently has a market cap of $880 billion, according to website Coingecko. This digital currency first appeared in 2008 in a white paper written by a mysterious person using the pseudonym "Satoshi Nakamoto". But after collaborating with other experts to develop the code, the mysterious Satoshi Nakamoto disappeared in 2011. Since then, many theories have emerged regarding his identity. Finally, Australian computer programmer Craig Wright's claim that he is Satoshi Nakamoto and the lawsuit being filed against him on the grounds that he lied has brought the question of who Nakamoto actually is to the agenda again. According to the news in AFP, many people have claimed to be Satoshi Nakamoto.HAL FINNEY American developer and cryptographer Hal Finney became the first person to receive the virtual unit when Satoshi sent him ten bitcoins for testing purposes. There were also theories that Finney was actually Satoshi Nakamoto himself. However, in October 2023, the theory that Finney was actually Satoshi was debunked by a blogger. The author revealed that Finney, who died in 2014, responded to emails sent by Nakamoto. Additionally, the blogger also proved that Finney was participating in a running race while Nakamoto was conducting bitcoin transactions. CRAIG WRIGHT Australian programmer Craig Wright, 53, claimed to be the Creator of Bitcoin on X.com. That's why Wright was sued in the High Court of London. The hearings, which continue this week, are expected to continue until mid-March.The Crypto Open Patent Alliance (COPA), a non-profit organization, first sued Wright over the claims he made in 2016. COPA accuses Wright, who claims to be Satoshi Nakamoto, of lying about his identity and forging documents.Craig Wright DORIAN NAKAMOTO Japanese-American engineer Dorian Nakamoto became a suspect in an article published in Newsweek magazine in 2014. According to Newsweek, Dorian Nakamoto said, "I am no longer interested in this issue and I cannot discuss it. This job has been handed over to other people. This job is now their responsibility. I have no connection anymore." Dorian Nakamoto has since denied that he is Satoshi Nakamoto. Bitcoin's shadowy creator, Satoshi Nakamoto, claimed to be a 37-year-old man living in Japan, according to a profile published online in 2012. However, critics have been skeptical of this hypothesis, citing Satoshi Nakamoto's excellent English and typically British turn of phrase. NICK SZABO Szabo, a US computer scientist of Hungarian origin, was one of the early adopters of cryptocurrencies such as Bitcoin. In 2013, he was named by a blogger as the person who created Bitcoin. However, industry insiders argue that there is no concrete evidence that he is Satoshi Nakamoto. ELON MUSK The world's richest man was also among the candidates when a former intern at SpaceX wrote an article claiming that Satoshi Nakamoto was actually Musk. Writing on the website Medium, the former intern claimed that the billionaire used language and expressions similar to those used by Satoshi Nakamoto. However, Musk denied these claims in late 2017.Elon Musk SATOSHI NAKAMOTO IS ACTUALLY A GROUP Despite the claims, uncertainty continues. Some commentators argue that Bitcoin could only be the work of a group of people rather than a single developer. Others say that the real Satoshi Nakamoto is either dead or maintaining his anonymity.Meanwhile, Satoshi Nakamoto still has around 980 thousand Bitcoins, according to industry researcher Sergio Lerner. This amount is equivalent to 44 billion dollars today.
