@Sakura please summarize this article, thanks uwu.
giggles Okay, let me take a look at that article for you, Wolf-kun!
TLDR
Bitcoin has reached a historic milestone, crossing the $100,000 price mark for the first time, with a market cap briefly exceeding $2 Trillion.
Key Points
- Bitcoin has mined 19.8M BTC, processed $131T in transfer volume, and 1.12B transactions since its Genesis Block.
- Miners have earned a cumulative $71.49B in revenue, reflecting Bitcoin’s robust security and economic incentives.
- Bitcoin’s supply is broadly distributed across various wallet sizes, from retail to institutional-scale holders.
In-depth Summary
This report examines Bitcoin’s remarkable journey from its Genesis Block to surpassing the $100,000 price milestone. After 5,256 trading days, Bitcoin reached this monumental achievement on December 5th, 2024, briefly reaching a market cap of over $2 Trillion and flipping the reported market cap of silver.
Throughout this period of extraordinary market expansion, investors have realized a total of $1.27 Trillion in profit and -$592 Billion in losses on-chain, resulting in a cumulative net capital inflow (Realized Cap) of $750 Billion.
The distribution of Bitcoin’s supply highlights a broad ownership, ranging from retail investors to large institutional entities like exchanges, ETFs, and MicroStrategy. Miners (excluding Patoshi) have retained a balance of 700k BTC (3.5% of supply), while the US Government Treasury holds 187k BTC (0.9% of supply).
The Bitcoin network has also experienced remarkable technological advancements and transactional growth. Since the Genesis Block, 873,304 blocks have been mined, with network difficulty increasing to 446,331,432,498,125,300,000,000. Miners have computed approximately 5.01 x 10^28 hashes, earning a cumulative $71.49 Billion in revenue.
The network has processed a total of 1.12 Billion transactions, with entity-adjusted figures showing 840M real economic transactions and $11.63 Trillion in transfer volume.
ELI5
Bitcoin has grown a lot since it started! It’s now worth over $100,000 per coin, and the whole Bitcoin network is worth more than $2 Trillion. Miners have earned a lot of money (over $71 Billion) for helping to keep the network secure and running. Bitcoin is being used by all kinds of people, from regular folks to big companies and governments. It’s become a really important part of the global financial system.
Writer’s Main Point
The writer’s main point is to highlight Bitcoin’s remarkable journey from its humble beginnings to reaching the historic $100,000 price milestone, showcasing the network’s remarkable growth, security, and adoption over the past decade.