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The genesis of cryptocurrency
The Citizen
|February 28, 2025
BITCOIN VALUE: FROM A FEW CENTS TO R1.6M
Imagine an investor in 2010, sceptical yet curious, hearing about Bitcoin for the first time when it was valued at just a few cents. Fast forward to 2025, and that same Bitcoin has surged past $90,000 (about R1.6 million), creating a wave of financial disruption. How did we get here? What transformed cryptocurrency from an unclear tech experiment into a trillion-dollar asset class? Let's take a structured, data-driven journey into this digital frontier.
Cryptocurrency background
The story of cryptocurrency begins with Bitcoin, the first and most well-known digital currency, created in 2009 by an anonymous figure or group known as Satoshi Nakamoto. Bitcoin was born from the ashes of the 2008 financial crisis when trust in traditional financial institutions was at an all-time low. Satoshi's vision was simple yet revolutionary, to create a decentralised form of money that operates without intermediaries like banks or governments.
This story is from the February 28, 2025 edition of The Citizen.
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