Michael Saylor, MicroStrategy’s Executive Chairman, recently celebrated a significant milestone for Bitcoin—the network’s one billionth transaction. This landmark transaction was recorded in block 842241 on May 5th at 21:34 UTC. The data from Clark Moody Dashboard shows that approximately 155 million transactions were recorded in the last 30 days alone.
The journey to one billion began with the very first transaction on January 12, 2009, between Bitcoin creator Satoshi Nakamoto and cypherpunk Hal Finney, who received 10 bitcoins. Over the years, Bitcoin has shown phenomenal growth in both adoption and transaction volume. By February 2020, the network had recorded half a billion transactions, showcasing a steady increase in use and value.
Milestones and Predictions
The first milestone of one million transactions was reached back in July 2011 when Bitcoin was valued at around $15. By late 2015, Bitcoin had recorded 100 million transactions, marking a significant uptick in its adoption. Michael Saylor remains a staunch advocate for Bitcoin, predicting that its market value could eventually reach $100 trillion.
Remembering Hal Finney
Hal Finney, one of the prominent figures in Bitcoin’s early days and a potential candidate for the pseudonymous creator Satoshi, passed away in 2014 after battling Lou Gehrig’s disease. His early involvement and contributions to Bitcoin’s development were pivotal to its growth.
Growing Adoption
The continuous growth in the number of transactions and the network’s resilience highlight Bitcoin’s increasing acceptance as a mainstream financial asset and a potential future cornerstone of global finance.
