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Bitcoin Whitepaper 15th Anniversary, Price Higher on October 31st Every Year Compared to the Previous Year?

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Bitcoin Whitepaper 15th Anniversary, Price Higher on October 31st Every Year Compared to the Previous Year?

October 31 is not only Halloween night, but also the day when the 9-page, 2,736-word Bitcoin whitepaper was published in 2008, marking its 15th anniversary.

Bitcoin Whitepaper Turns 14! Interesting Details: The terms "Bitcoin" and "Blockchain" do not appear in the entire document, and it took two years to code.

Major KOLs and Exchanges Praise Bitcoin Whitepaper

For this annual tradition that is celebrated every year, most exchanges have followed suit by tweeting praises and celebrating the 15th birthday of the Bitcoin whitepaper.

Does the Price of Bitcoin Hit All-Time Highs Every Birthday?

According to CoinGecko, the price of Bitcoin on October 31st each year is as follows, with 2015, 2018, and 2022 showing a decrease compared to the previous year:

  • 2013: $204

  • 2014: $337

  • 2015: $312

  • 2016: $699

  • 2017: $6369

  • 2018: $6332

  • 2019: $9172

  • 2020: $13,537

  • 2021: $61,837

  • 2022: $20,624

  • 2023: $34,494

CoinDesk Comments on Bitcoin: Surrounded by Profit-Centered Institutions

CoinDesk released a special article on the 15th anniversary of the Bitcoin whitepaper.

Although Satoshi Nakamoto did not explicitly state in the whitepaper that Bitcoin aimed to replace financial giants or fiat currencies, the genesis block message seemed to imply that the excessive printing of money by governments led to financial crises, a concept that has since deeply rooted in the minds of Bitcoin believers.

CoinDesk's Deputy Editor Nick Baker sarcastically mentioned in the article that the financial institutions that Satoshi Nakamoto once tried to challenge are now leveraging his ideas to vigorously promote an asset, Bitcoin, that was originally meant to put them out of business.

These financial institutions include BlackRock, which actively launched a BTC spot ETF, centralized exchanges like FTX, and CME Group, whose futures trading volume is rivalling that of Binance.

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Nick Baker specifically pointed out that CME's Bitcoin futures are settled in cash, indicating that these Wall Street institutions can drive trading activities without the need to hold Bitcoin.

He concluded:

Whether Bitcoin and cryptocurrency enthusiasts welcome it or not, traditional finance has arrived, and their level of involvement will depend on the willingness of regulatory agencies, which these traditional financial institutions do not seem to be excited about Bitcoin.