Bitcoin (BTC) Crypto Price Points & News

Points in Time

RagingBull

Bitcoin at $18,636.80 on Nov 21, 2020

The #BlackRock CIO Rick Rieder said Bitcoin is here to stay and will replace gold to a large extent. Check it out! twitter.com/...?s=20

"It's hard to say whether it's [#btc] worth the price it is trading at today. But do I think it is a durable mechanism that--do I think could replace gold to a large extent? Yeah I do, because it's so much more functional," says BlackRock's Rick Rieder. #bitcoin #cryptocurrency. pic.twitter.com/ipwr22xwZ1
— Squawk Box (@SquawkCNBC) November 20, 2020

SatMiner

Bitcoin at $12,833.60 on Oct 21, 2020

PayPal just announced that why will be adding support for Bitcoin in 2021. My friends keep telling me that it's just speculation but 2020 seems to be the year that a lot of the speculations are coming true. From the CBDC announcement and now PayPal! twitter.com/...87873

Today, we are announcing the launch of a new service that will enable customers to buy, hold and sell #Cryptocurrency directly from their PayPal account. https://t.co/QS6JRmG9hs pic.twitter.com/uHBatfZkbF
— PayPal (@PayPal) October 21, 2020

Hodlin

Bitcoin at $9,494.31 on Jun 1, 2020

#Bitcoin's Stock to Flow model has finally printed its 3rd red dot. Probably the most anticipated red dot in the history of #BTC. If you are not sure why then take a look at the chart. #StockToFlow - twitter.com/...?s=20

#Bitcoin S2F chart update .. RED DOT RELEASED!!! pic.twitter.com/iNTjbf9b9K
— PlanB🔴 (@100trillionUSD) May 31, 2020

RagingBull

Bitcoin at $8,666.09 on May 11, 2020

Man, I've been waiting for this for years now, and finally, the bitcoin halving has come and past. If history is to repeat itself this marks the beginning of a new bull cycle. cointelegraph.com/...story

It Happened: Bitcoin Just Experienced Third Halving in Its History

Bitcoin has just experienced a one-in-four-year event, its third halving, which has cut the miner block reward from 12.5 BTC to 6.25 BTC

Hodling

Bitcoin at $7,508.70 on Apr 24, 2020

Bitcoin fan Bryan Cook won a virtual NASCAR race in his car wrapped in Bitcoin logos. decrypt.co/...-race

"Bitcoin car" wins virtual NASCAR race - Decrypt

A Bitcoin fan won a virtual NASCAR racing event with a car emblazoned with the Bitcoin logo. The kicker? He beat the reigning NASCAR champion.

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That's all we got for #Bitcoin

Overview of Bitcoin

Bitcoin is the first decentralized cryptocurrency introduced in 3 January 2009 by an unknown entity naming himself Satoshi Nakamoto. The idea and purpose of Bitcoin is to make decentralized and pseudo-anonymous transactions. It uses proof-of-work system to create new coins. It has a block creation time of 10 minutes in average and block size of 1MB. As of 2009 (creation of bitcoin), each block gave you 50 btc to the miner of that block, that value being halved every 4 years (giving today 12.5 per block). Smallest unit is called one satoshi which is 0.00000001 bitcoin or one hundred millionth of a bitcoin. Bitcoin also has transaction fees which, miners get verifying transactions. The technology used in bitcoin is very limited on creation of smart contracts. Bitcoin can handle up to 3.3 – 7 transactions per second.