{"id":206397,"date":"2022-11-11T16:22:58","date_gmt":"2022-11-11T15:22:58","guid":{"rendered":"http:\/\/sftarticles.wpenginepowered.com\/en\/?p=206397"},"modified":"2025-07-01T20:20:39","modified_gmt":"2025-07-02T03:20:39","slug":"will-bitcoin-see-the-light-again","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/will-bitcoin-see-the-light-again\/","title":{"rendered":"Will Bitcoin see the light again?"},"content":{"rendered":"\n

Is the Crypto market destined to die<\/strong>, or is it, like any other asset market, self-regulating due to high levels of volatility? Recently we have seen how Bitcoin’s<\/a> declines are becoming more acute than usual and that it’s lost 70% of its value in just one year. <\/p>\n\n\n

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Sure, we’ve read the news that a company with a large number of assets, Crypto FTX<\/a>, is on the way to bankruptcy<\/strong>, but is it the only reason? Let’s take a deeper look in this article.<\/p>\n\n\n\n

Bitcoin\u2019s rise to power<\/h2>\n\n\n\n

The story of Bitcoin starts with a shadowy figure, or group of figures,  named Satoshi Nakamoto. The mystery of where Nakamoto disappeared to and who he is still eludes the world; the location of Nakamoto\u2019s untouched bitcoin wallet<\/strong> even more so. In the words of one particularly poetic Redditor, u\/admiralCeres<\/a>, \u2018Satoshi’s laptop, which prior analysis shows was a Windows machine and probably less powerful than an i5, belongs in the Smithsonian. <\/p>\n\n\n\n

Aside from the wallet which once held (or still holds) billions of dollars<\/strong> in bitcoin (in today’s price), the machine is a unique artifact in human history, being the machine that created the means from which billions of people gain true freedom.\u2019 <\/p>\n\n\n\n

Mysteries aside, Bitcoin was officially released 13 years ago<\/strong>, on the 9th of January 2009. Prior to that, in October of 2008, Satoshi Nakamoto published a whitepaper entitled \u2018“Bitcoin: A Peer-to-Peer Electronic Cash System<\/a>.\u2019 You can read the full whitepaper in all its glory here, but the gist of it is that Bitcoin was intended to be a decentralized peer-to-peer electronic cash system. The word Bitcoin, first coined – excuse the pun – in the whitepaper, combines the words \u2018bit\u2019 and \u2018coin.\u2019 <\/p>\n\n\n\n

Fun Fact: For anyone not completely obsessed with computers and the millions of fantastical processes happening inside them each millisecond, bit is short for binary digit. Binary digits are the smallest units of data<\/strong> that computers are capable of processing and storing. Bits have only two physical states; 1 and 0. You can also represent these states as on\/off (like a switch or a transistor), yes\/no, or true\/false. Basically, any binary expression. <\/p>\n\n\n\n

Bitcoin\u2019s value is largely determined by five factors:<\/p>\n\n\n\n