Bitcoin emerged as a response to the 2008 financial crisis, when trust in traditional banking systems plummeted. In October, a mysterious developer under the pseudonym Satoshi Nakamoto published a white paper describing the concept of a decentralized digital currency with a limited supply of 21 million coins. Unlike traditional financial systems, this technology allowed transactions to be conducted without intermediaries, such as banks. At the heart of Bitcoin is the blockchain, a distributed ledger maintained by a network of users and miners.
On January 3, 2009, Satoshi Nakamoto mined the genesis block of Bitcoin, also known as Block 0. It was the very first transaction, marking the beginning of the blockchain’s operation. The block reward was 50 BTC, but they remain unspent to this day.
In this block, Nakamoto embedded a strong political message reflecting the motivation for creating the Bitcoin network as an alternative to centralized financial systems. It was a headline from the British newspaper The Times: “Chancellor on brink of second bailout for banks”.
Bitcoin price in 2025: Analysts’ forecasts
After surpassing the $100,000 mark in 2024, expert predictions range from $75,000 to $250,000, although some even suggest $1 million. Key factors include institutional adoption, regulatory policy changes, and macroeconomic trends:
- American entrepreneur, financial analyst, investor, and regular on CNBC shows like Fast Money, Tech Check, Halftime Report, and Closing Bell Tom (Jong) Lee believes that Bitcoin will reach $250,000 in 2025.
- At Bitwise Asset Management, a slightly more conservative forecast has been made for Bitcoin: $200,000.
- Head of research at VanEck, Matthew Siegel expects a maximum of $180,000 and warns of volatility.
- Entrepreneur, investor, and author of the famous book “Rich Dad Poor Dad” Robert Kiyosaki sees the Bitcoin price in 2025 within the range of $175,000 — $350,000.
- Venture capitalist Matt Higgins suggests that if countries start creating strategic Bitcoin reserves in 2025, the fall in Bitcoin supply by 6.6% — if 1 million bitcoins are moved into reserves — could lead to a price increase of over 30%.
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