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•80% Informative
Bitcoin (BTC) was the first cryptocurrency created and is now the most valuable and well known.
Bitcoin was launched in January 2009 by a computer programmer or group of programmers using the pseudonym Satoshi Nakamoto .
Bitcoin supporters point out that an increasing number of institutions, countries and platforms are accepting the digital currency.
Proponents remain hopeful that Bitcoin could eventually become a global reserve currency.
Bitcoin thrives on volatility, a phenomenon partly explained by the Gartner Hype Cycle .
Bitcoin 's value dropped by more than 70% , from its all-time high of $ 68,789 in November 2021 to around $16,000 by December 2022 .
Bitcoin supporters argue that despite several crashes, Bitcoin has consistently rebounded to its previous peak.
Bitcoin enjoys a strong narrative that it is "digital gold," a refuge in turbulent times.
Satoshi Nakamoto's personal holdings total 1,125,150 BTC, currently valued at approximately $76 billion .
Tesla CEO Elon Musk has created a significant buzz in the crypto community by changing his X profile picture to one with laser eyes, a designator of the 2021 Bitcoin bull run.
VR Score
80
Informative language
79
Neutral language
31
Article tone
formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
22
Source diversity
4
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