Bitcoin’s Phenomenal Success Since Its Inception Highlighted Through 10 Essential Metrics

Satoshi Nakamoto himself had never imagined such a success for Bitcoin.

Illustration by author

Bitcoin has just celebrated its 11th birthday. Satoshi Nakamoto officially created Bitcoin on January 3, 2009. In the Bitcoin white paper, Satoshi Nakamoto describes his system as “A Peer-to-Peer Electronic Cash System”.

Many saw Bitcoin as a proposed alternative solution to a monetary and financial system that had once again shown its limits at the end of 2008 with yet another banking and financial crisis.

At the time, no one, not even Satoshi Nakamoto, would have imagined that Bitcoin would become such a phenomenal success. Eleven years after its inception, Bitcoin is still there and weighs more than 130 billion dollars with a current price of $7,500. By the end of 2017, Bitcoin has even reached a historic price of $20,000.

In this article, I propose you a highlight of this phenomenal success through 10 essential metrics of Bitcoin’s success.