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ProBit Global has revealed BTC as its first Exclusive rollout of 2022 with its staple 50% markdown in commemoration of Bitcoin’s 13th birthday with the opportunity to lock in subscriptions starting January 11, 2022.
Representing the privacy ethos of the Cypherpunks, Bitcoin was officially created with the hardcoding of Block 0 on January 4, 2009, along with the generation of the first coinbase, or reward subsidy.
The 8th most valuable asset has made considerable strides towards validating its nearly universal “store of value” or “inflation hedge” moniker, showing consistent resiliency in the face of a mass China exodus.
BTC proceeded to notch a new ATH at $68,789 in 2021 and made significant headway in decentralized network security with a 49% YOY growth in global hash rate with a new ATH on January 3, led by the US and its commanding 35% dominance.
Hash rate is an essential metric used to measure Bitcoin’s overall decentralization and security, further highlighted by the POW equivalent days measurement reaching a high of 800.
POW equivalent days measure the total amount of time it would take for a sole entity controlling 100% of the hash rate to rewrite the entire Bitcoin history, meaning it would take over 2 years for the theoretical takeover.
El Salvador made a splash as the first country to officially legitimize Bitcoin as legal tender and has followed up with the proposition of 20 bills to establish a clear regulatory structure behind the issuance of $1B in Bitcoin bonds, also referred to as volcano bonds.
The funds will be utilized according to a 50/50 split with $500M used to acquire additional BTC and the other $500M primarily used to bootstrap the so-called “Bitcoin city”.
Despite a recent correction following the release of the Fed minutes and a potential interest rate increase, the overall growth for Bitcoin in 2021 has significantly raised the floor as illustrated by the currently depreciated price of $42,000 representing an ATH mark just 1 year ago.
The daily active addresses (DAA) metric also reveals an ATH in mean daily addresses at 989,000, which stands in stark contrast with 2019 in which the DAA mark failed to register 1M for a single day.
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