The first bitcoin block, block 0, the genesis block was mined by Satoshi on this day.
We've gone from $0 to above $65k. As an industry, we've gone from $0 to a 3 trillion dollar market cap industry, that has been massive growth for 13 years considering the industry expansion which is estimated to be 300 million users. I became a little bit curious about the interest based data when it comes to bitcoin and cryptocurrencies at large, it turns out there has been quite an interest overtime.
When we look through Google trends as the image below proves, the interest in Bitcoin has grown exponentially in 2021.
Bitcoin searches compared to the dollar, have covered more grounds in 2021. January 2021 had the biggest moves, you can see that on the very first chart where it close up on the dollar trends. The searches are healthy signs of what's actually going on. With countries like Nigeria, topping most of the searches, there's an increasing interest in bitcoin and cryptocurrencies at large. Even when you look through the year in trends, you'll figure out something wild… Here;
Dogecoin is in forth place on trending news, this shows the great influence of industrial marketing, we all know who has single handedly hyped dogecoin, but truth be told, his presence on the network has brought quite a couple of interest to what crypto is, how it matters and the solutions it brings to the table…
As at may, dogecoin was actually trending higher than the dollar searches on Google, though this hasn't had much significant impact on the dogecoin price, but I believe the number of holders have increased since then, regardless of its centralized nature. That said, the cryptocurrency economy has seen added value since the invention of bitcoin, it started with 0 block to millions, DeFi has been one development that may have taken many by surprise, I still believe DEFI is bigger than anything we've seen yet in the crypto industry. As much as NFTs may cost millions, they will forever remain a tiny piece of the entire network. DEFI is the next phase of banking, and as we know it, we can't really move forward without these institutions in place.
This is one reason why UST is earning massive exposure, the idea of sustainable finance is observed in its economy of Stablecoin investments. The biggest part of crypto, which the world will have to worry and throw concerns about will be DEFI, every other piece of the network will be liken to million dollar infrastructures we've seen in real world, no matter what machine is being built, or what social media is attracting users, the banking system has always had its place in the center of it all, call it the center of commerce, that's how big DEFI is with the growing crypto economy.
13 years is definitely not shit, and crypto is definitely not a joke anymore. Everyone can see how it evolves and as it has proven sustainable and scaled, there's more to expect in coming times…