Reuters’ Bitcoin Rally Headline Becomes Immortal
coinputin.com – Bitcoin’s historic rally to an all-time high has been immortalized in the cryptocurrency blockchain. One of the oldest cryptocurrency mining pools, the Slush Pool, made the iconic Reuters headline Bitcoin’s 659678. moved to block:
“Bitcoin has hit an all-time high, while the dollar has crashed along with us stimulus hopes.”
The December 1 article, published by Reuters, the world’s largest international news agency, describes the situation that Bitcoin advocates have been patiently pointing to all this time.
The article mentions the dollar hitting its lowest level in two-and-a-half years after renewed talks about a huge package of fiscal stimulus that would weaken it further. This coincided with the historic peak of $ 19,918, which bitcoin, the leading cryptocurrency, reached on December 1st.
The US Dollar Index (DXY), which raises the value of the dollar against other major fiat currencies, stands below 91 for the first time since January 2018. The long-awaited adoption of bitcoin as an inflation protection brings to light the concerns of bitcoin advocates that have been ignored until recently.
Hidden Messages Are Not New
The tradition of leaving secret messages in a blockchain was started by mysterious Bitcoin creator Satoshi Nakamoto. Bitcoin’s genesis (first/creation) block was featured in the Times ‘ legendary January 3, 2009 headline “Chancellor on verge of second bailout package for banks”.
629,999, the last block with 12.5 BTC subsidies in recent months. the block was featured in an April 2 headline in the New York Times. This included a clear homage to Satoshi: “we have also surpassed the Fed’s support in the 2008 crisis with the 2.3 T dollar injection.”