A timely tribute to the king of cryptomorphs appears next to a coronavirus headline, which says it all about the fiduciary economy over the past 12 years.
Bitcoin (BTC) received a suitable, though accidental, birthday present on January 4, when the Financial Times made it front page news on the 12th anniversary of its home block.
Launched on Monday, the next FT title had already circulated on cryptographic social networks before being published.
12 years later: no bailouts, just Bitcoin
The left column of the first page was dedicated to the Bitcoin price increase, while the accompanying price chart made it the main image of the newspaper.
The moment could not have been more evident, arriving only one day after Bitcoin Benefit celebrated its 12th anniversary. On January 3, 2009, another major newspaper, The Times, from the United Kingdom, led with the now infamous headline „Chancellor on the verge of second bailout for banks“, which was added to Bitcoin’s first trading block, also known as the genesis block.
Keeping Bitcoin in the company in 2021 was a headline, which some may argue is equally appropriate, related to coronary blockades – something that caused enormous economic damage and created an impression of money on an unprecedented scale.
Not surprisingly, the proponents of Bitcoin as solid currency and an escape from fiat inflation were in a celebratory mood when the FT headline went public.
„On the first working day of 2021, #Bitcoin takes its rightful place in the Financial Times,“ summarized Michael Saylor, CEO of MicroStrategy, to Twitter followers, adding a quote from French author Victor Hugo.
Cryptomoeda leaves classic assets in the dust in 2021
As reported by the Cointelegraph, Bitcoin already stood out as a macro investment in 2021, having outperformed traditional assets in just four days. Almost the same was true for 2020 and many years before, with only other cryptomoedas and later Tesla shares providing significant competition.
„Bitcoin and Ether $ETH are already the biggest successes of 2021,“ co-founder Tyler Winklevoss of Gemini earlier this week.
On January 3rd there was a sharp decline in exchange balances, reminiscent of an advertising effort by Bitcoin OG Trace Mayer over the past three years.
Nicknamed the „Proof of Keys“, Mayer appealed to investors to withdraw their currencies from the mass exchanges on the same day in January, as a means to take control of finances and follow the Bitcoin ethos of „being your own bank“.
By Monday, however, the trend had already been reversed, with the sudden volatility of Bitcoin, causing funds to return to the exchange order books.