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    Happy 11th Birthday to Bitcoin, Says Two US Congressman

    The presence of Bitcoin has created controversy, but it has also created a substantial amount of change in the world of traditional finance as well. While the identity of creator Satoshi Nakamoto continues to be a mystery, the potential that this technology has doesn’t have to be. Recently, two US congressmen pushed for the authorities to make the financial landscape more welcoming for innovators in the space.

    • US Reps. Patrick McHenry and Warren Davidson pushed for more opportunities for these innovators in the country.
    • At the time of writing, Bitcoin was holding steady at $9,217.57.

    Today, Bitcoin is now over 11 years old since the whitepaper was originally released by Satoshi Nakamoto on October 31, 2008. Fast forward to today and 2 US Congress reps McHenry and Davidson gave a special shoutout to BTC.

    McHenry, the representative for the 10th District in North Carolina, stated that the authorities in the US shouldn’t try to impede the progress of the technology in an October 31st tweet. He believes that policymakers should take on a more helpful role in the development of new technologies.

    Davidson highlighted the importance of protecting online privacy and the way that Bitcoin supports that effort, using Twitter to retweet an article from Cointelegraph on Bitcoin’s whitepaper’s 11th anniversary. The congressman remarked that the publication created “infinite possibilities for technological innovation,” pushing for the US to create framework that benefits the innovators in the space.

    Earlier last month, Davidson had said that the addition of Bitcoin into the Calibra wallet by Facebook would ultimately be a “way better idea” that creating their Libra digital asset.

    Coinbase posted a blog yesterday, pointing out that the development of Bitcoin’s adoption has been progressing quickly, and at a much faster rate than other technologies previously, including email and television.

    The exchange wrote:

    “The television set was invented in 1927 but by the end of the 1940s only 2% of American families owned one. Bitcoin, on the other hand, went from an idea in 2008, and a first transaction in 2009, to over 27 million users in the US alone in 2019, or 9% of Americans.”

    As of April 2019, a survey found that potentially 11% of the American population had some ownership of Bitcoin. Presently, Bitcoin is worth $9,217.57, losing less than half a percent of its value in the last 24 hours.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$6,284.4983 change ~ -5.77%

    Coin Market Cap

    $114.95 Billion

    24 Hour Volume

    $6.68 Billion

    24 Hour VWAP

    $6.44 K

    24 Hour Change

    $-362.7928

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    Avatar
    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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