Fifteen years ago today, on January 10, 2009, Hal Finney posted arguably the most famous tweet in Bitcoin’s history:
For those unfamiliar, Hal Finney was a software developer who many believe was deeply involved with the creation of Bitcoin. His “Running bitcoin” tweet came just one week after Bitcoin’s first block was mined and a few days before he would receive the first bitcoin transaction, which came from pseudonymous creator Satoshi Nakamoto.
As we sit on the cusp of Bitcoin truly entering the mainstream, it’s important to remember not only pioneers like Finney, but the community of developers, activists, and advocates for Bitcoin that have worked tirelessly over the last 15 years to bring this technology to the masses.
Today’s anniversary is an important reminder of the work that has gone on that has allowed Bitcoin to emerge on the other side of the fear, uncertainty, and doubt sparked by events like Mt Gox, a pandemic, and FTX. The true principles of Bitcoin have always shined through these clouds of FUD, and I have no doubt this will continue to be the case as more individuals—especially investors saving for the long term—understand the impact of this transformational innovation.
Today, Bitcoin is stronger than ever. It has a market cap approaching $1 trillion, close to a million active wallets, and has proven itself as an investment through bank crises, wars, and during both risk-on and risk-off macro environments.
Bitcoin ETFs will allow investors to strengthen and diversify their portfolios and my hope is that as this happens these investors take the time to truly understand why this technology is so important to humanity, especially in an era of massive government debt burdens, geopolitical uncertainty, and younger generations feeling as is the financial system is rigged against them.
We chose the ticker DEFI for our ETF to honor Bitcoin’s role as the pioneer of the decentralized finance revolution that will make our financial system more accessible and equitable. And we couldn’t be more excited about where this revolution is heading.
This evening our team will gather in New York at the Bitcoin-themed bar PubKey to celebrate a future of broader access to bitcoin for investors. As we face a new era in finance and innovation, we do so with incredible gratitude for the work of developers like Hal Finney and thousands of others within the Bitcoin community over the last 15 years.
Bitcoin remains an unfinished symphony, and will continue to rely on its community of developers, advocates, and firms like Hashdex working to increase access to this remarkable technology. But in the meantime, Bitcoin is still running, faster and stronger than ever before.
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