Bitcoin (BTC) received an appropriate but coincidental birthday present on January 4 when the Financial Times made headlines on the twelfth anniversary of the Genesis block.
The forthcoming headline of the FT, released Monday, had already made the rounds on crypto social media prior to publication.
12 years later: no bailouts, just Bitcoin
The left column of the front page was devoted to Bitcoin’s price surge, while the accompanying price chart made it the main image of the newspaper.
The timing couldn’t have been more striking, just a day after Bitcoin celebrated its twelfth birthday. On January 3, 2009, another mainstream newspaper, The Times from the UK, ran with the now infamous headline, “Chancellor on Brink of Second Bailout for Banks,” which was added to Bitcoin’s first transaction block, also known as the Genesis block.
Holding bitcoin in 2021 was a headline, which some argue is just as fitting, in regards to blocking the coronavirus – something that wreaked enormous economic damage and led to money printing on an unprecedented scale.
Unsurprisingly, proponents of Bitcoin as sound money and an escape from fiat inflation were in a festive mood when the FT headline went public.
“On the first business day of 2021, #Bitcoin will take its rightful place in the Financial Times,” said Michael Saylor, CEO of MicroStrategy. summarized to Twitter followers, with a quote from French author Victor Hugo.
– Financial Times (@FinancialTimes) January 3, 2021
Crypto leaves classic assets in the dust in 202
Such as Cointelegraph reportedBitcoin has already distinguished itself as a macro investment in 2021, after beating traditional assets in just four days. Much the same was true for 2020 and most of the years before, with only other cryptocurrencies and later Tesla stocks providing meaningful competition.
“Bitcoin and Ether $ ETH are already the biggest hits of 2021,” Gemini Exchange co-founder Tyler Winklevoss tweeted at the beginning of the week.
On January 3, we also saw a marked drop in exchange balances, reminiscent of a publicity effort by Bitcoin OG Trace Mayer over the past three years.
Mayer called “Proof of Keys” appealed to investors to remove their coins from exchanges massive on the same day in January as a way to take control of your finances and adhere to the Bitcoin ethos of “being your own bank”.
Monday, however, the trend had already turned, with sudden volatility in Bitcoin seeing funds return to exchange order books.