LONDON (IT BOLTWISE) – Celebrating its 17th anniversary, Bitcoin has grown from a niche experiment to an integral part of global finance. Once dismissed as “hacker money,” Bitcoin can now be found in the portfolios of major financial players like BlackRock. The cryptocurrency has reached not only businesses but also governments, with El Salvador recognizing Bitcoin as legal tender.
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Bitcoin celebrates its 17th birthday this week and has evolved from a once-niche experiment into an integral part of global finance. The Bitcoin white paper published by Satoshi Nakamoto on October 31, 2008 laid the foundation for a peer-to-peer digital currency that works without intermediaries. Today, Bitcoin’s influence extends across governments, large corporations and institutional investors.
Originally dismissed as “hacker money,” Bitcoin has now found its way into the portfolios of some of the world’s biggest financial players. BlackRock alone holds about 3% of the circulating Bitcoin supply, while listed companies collectively own over 725,000 BTC. Private companies hold another 300,000 BTC, showing how deeply cryptocurrency has penetrated corporate finance.
Bitcoin has also caught the attention of governments. Around 31% of its offering is held by centralized entities, including governments, ETFs and public companies. This is a clear sign of institutionalization. El Salvador continues to treat Bitcoin as legal tender, increasing its use beyond speculation.
Bitcoin has also ventured into the political arena. US President Donald Trump, once a vocal critic, is now accepting Bitcoin donations and promising to make the US a global center for mining and blockchain innovation. In Argentina, President Javier Milei champions Bitcoin as “money that returns to the people,” a bulwark against inflation and monetary mismanagement. El Salvador’s Nayib Bukele went further, declaring it legal tender and building up state reserves.
Bitcoin now faces two paths: consolidation and transformation. Institutional acceptance continues to grow, but so does innovation. Advances like the Lightning Network and Bitcoin-based tokenization could redefine the way value moves globally. All indicators point to Bitcoin as the most valuable and transparent asset of the last decade, with a hard-capped supply of 21 million coins.
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