Bitcoin’s Resilience

Bitcoin Resilience: Episode 4

This episode covers bitcoin’s history of adversity/robustness and powers against it

• Why it was supposed to fail so many times

We Discuss:

2010: Jeff Garzik identifies BTC code Overflow

2013: FBI Shuts down Silk Road:

2014: Mt Gox gets hacked –

2014: Bitcoin XT Created – fork from Bitcoin

2017: China goes hard against Crypto

2017: Bitcoin Cash Hardfork

2021: 🇨🇳China Bans

2022: Binance Hack

2022: FTX Collapse

2023: CZ Steps down as CEO of Binance

2023: Celsius Fraud Case

2024: German Government Bitcoin selloffs

2024: US Gov selloff of Bitcoin

2024: July Mt Gox Payouts to creditors

Final Thoughts

• Keep in mind these are all crypto events and not all specifically pertaining to Bitcoin
• Drop in the bucket of all the events that were supposed to take down Bitcoin
• Over 100 fork attempts of Bitcoin since inception in 2008
• Bigger Countries that have banned Bitcoin
  • China, Egypt, Russia (now legal in some forms), India, Qatar, Iraq, Turkey
• Endless Crypto Exchange, wallet, and individual hacks since Bitcoin’s inception
• There are over 20,000 alternative crypto currencies since BTC inception
• The 20 top crypto currencies make up 90% of the market cap
• Market cap of Bitcoin is $1.2 Trillion – more than 50% of total Crypto Market
• Survival due to sound money
  • Finite – 21 million
  • Easily Transferrable
  • Easily Divisible
  • Self Custody anywhere
  • Decentralized
  • Secure
  • Redundant
  • Backed by energy
  • Backed by compute

Not a financial advisor – this is just my Bitcoinlens journey in to the world, geopolitics, global economy and everything impacted by & impacting Bitcoin. Make your own financial decisions.