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Bitcoin Price Up 1.6 Million Percent Since Infamous Nick Allen ‘Mess Tweet’

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They say time heals all wounds – not in Bitcoin.

As documented by Bitcoin Historian Pete Rizzo, tomorrow marks the 12th anniversary of a now-infamous tweet by Nick Allen back in 2011, one that demonstrates the remarkable growth and resilience of the cryptocurrency over the past decade.

The tweet in question, posted on October 25, 2011, by technologist Nick Allen, expressed disbelief at Bitcoin’s value, which was “down to $2.70 a pop.” Allen went on to say he was “so glad I didn’t buy in on that mess.”

At the time of the tweet, Bitcoin was trading at $2, and it’s up some 1,600,000 percent since that date.

Fast forward to today, and Bitcoin’s price has soared to nearly $35,000 per coin, marking a phenomenal increase from the days when it was valued in the single digits. Allen’s tweet has since become a symbol of how the cryptocurrency has defied expectations and evolved into a mainstream asset class.

Allen’s responded to the post in 2021, at a time when Bitcoin was down from $60,000 all-time highs.

Nick Allen, who has an extensive background in the gaming and esports industry, may not have anticipated the extraordinary growth of Bitcoin when he posted his tweet, but the incredible price increase highlights the digital currency’s journey and the increasing interest in cryptocurrencies as a legitimate investment vehicle.

Still, as recent news stories show, Allen is not alone when it comes to believing Bitcoin is a fad whose best days are behind it. While some are excited about the potential approval of a Bitcoin spot ETF, there has been a continued barrage of news stories in the wake of the FTX trial that take a similar tone.

In this way, Allen’s tweet may serve as a reminder that Bitcoin has a history of defying its doubters – and rewarding its investors.

​ A classic Bitcoin Twitter post is resurfacing, showcasing the remarkable price growth of Bitcoin over the last decade. 

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Forbes Predicts 1700% Shiba Inu Coin Price Rally, Could Shiba Shootout Also Explode? – Branded Spotlight Bitcoin News

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Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes

​ Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes 

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Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon

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According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee.

​ According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. 

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Bitso to Bring Bitcoin Lightning to its 8 Million Users via Lightspark

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Leading Latin American crypto exchange Bitso has partnered with Lightspark to integrate the Bitcoin Lightning Network onto its platform. This will introduce faster, cheaper Bitcoin transactions to Bitso’s user base of over 8 million retail clients and 1,700 institutional customers.

Bitso will leverage Lightspark’s infrastructure to enable Lightning transfers. Lightspark will host the nodes while Bitso retains control of the private keys in a remote signing setup.

The integration comes as Lightning Network adoption spreads globally, making payments with Bitcoin faster, smoother and less expensive.

According to Bitso’s research, 53% of crypto wallets in Latin America hold Bitcoin. Trading pairs against local fiat currencies are also widely used. Thus, Lightning is a natural fit to upgrade Bitso’s existing infrastructure.

Daniel Vogel, co-founder and CEO of Bitso, said, “We’re thrilled to partner with Lightspark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost-effective, and transparent money transfers.”

With Lightning, Bitso can offer near-instant Bitcoin transactions at a fraction of the cost of regular on-chain Bitcoin payments. This unlocks new potential payment and remittance solutions for both retail and enterprise clients.

Lightspark CEO David Marcus said Bitso “shares our vision of building open payments for the Internet. This gets us closer to that goal. We know people across Latin America want this solution.”

As a pioneering Latin American exchange with millions of users, Bitso’s integration of Lightning is a milestone in increasing Bitcoin adoption. 

​ Leading Latin American crypto exchange Bitso has partnered with Lightspark to bring faster, cheaper Bitcoin Lightning transactions to Bitso’s 8 million users. 

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