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Bitcoin Hits One Billion Transactions, Celebrates MicroStrategy's Executive Chairman

06/05/2024 18:13

According to U.Today, Michael Saylor, the executive chairman of MicroStrategy, has publicly acknowledged Bitcoin's latest achievement of one billion transactions. The milestone transaction was logged in block 842,241 on May 5, at 21:34 UTC, as per the data from the Clark Moody dashboard. Approximately 15.5 million transactions have been recorded in the past 30 days. The inaugural Bitcoin transaction occurred on January 12, 2009, between Bitcoin's creator, Satoshi Nakamoto, and the late cypherpunk Hal Finney. Finney received 10 coins as a test and later engaged in an email conversation with Nakamoto to report some bugs. After running Bitcoin for a while, Finney had to stop due to the overheating of his computer. Shortly after becoming the first person to receive a Bitcoin transaction, Finney was diagnosed with Lou Gehrig's disease. Despite initially walking away from Bitcoin, he was surprised to discover its monetary value in late 2010. The Bitcoin network surpassed one million transactions in July 2011, when the cryptocurrency was valued at approximately $15. Finney, considered one of the leading Satoshi candidates, passed away in 2014 following his battle with Lou Gehrig's disease. By the end of 2015, Bitcoin had recorded 100 million transactions, indicating growing adoption. At this time, the cryptocurrency was valued at around $455. In February 2020, the network exceeded half a billion transactions, with the cryptocurrency trading just above the $10,000 mark. Saylor, a prominent Bitcoin advocate, has predicted that the market value of the leading cryptocurrency could reach $100 trillion.

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