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"A Clever Technology Looking For A Home" - Bitcoin Is 10 Years Old Today

• Via DataTrekResearch.com

The system he or she outlined went live a few months later, on January 3rd 2009. The basic idea was simplicity itself: create a monetary system that doesn't require a trusted third party intermediary like a bank. Technology – common software running on thousands of unrelated computers around the world – alone would power the public's trust.

In the last 10 years, bitcoin has been through multiple booms and busts but it is still with us. And since anniversaries are times to look both at the past, present and future, we have a list of 7 points that do just that.

#1. Bitcoin's current market cap is $110 billion, and the crypto currency ecosystem it spawned is worth $203 billion. For reference:

Bitcoin is worth more than much older entities like Goldman Sachs ($83 billion, founded in 1869) or Morgan Stanley ($78 billion, founded in 1935).

Its market cap is still just 9% of all the $100 bills in circulation ($1,252 billion) or 17% of all 100 – 500 euro notes outstanding.


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