On August 21st, the cryptocurrency community celebrates a unique and symbolic day known as Bitcoin Infinity Day. This day holds special significance for Bitcoin enthusiasts and serves as a reminder of the finite supply of Bitcoin.
The concept of Bitcoin Infinity Day began a few years ago and gained prominence in 2021, thanks to Knut Svanhold, a renowned Bitcoin author. The date, August 21, can be represented as 8/21. Here, the number “8” symbolizes the infinity symbol “∞”, while “21” alludes to the maximum supply of Bitcoin that will ever exist, capped at 21 million.
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Infinity Day Keys: A Unique Creation
Beyond its symbolic meaning, Bitcoin Infinity Day is also associated with a unique creation known as the Infinity Day Keys. These keys were crafted by an artist named FractalEncrypt. Knut Svanhold was the first individual to receive this special private key. Notably, Michael Saylor, a prominent figure in the Bitcoin community, is the owner of Private Key #11.
As the years go by, Bitcoin Infinity Day continues to gain traction. Many in the community commemorate this day by purchasing a few Satoshis, the smallest unit of Bitcoin. Additionally, Bitcoin Magazine has extensively covered the significance of this day, providing insights and details that many might not be familiar with.
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Show more +Historical Perspective
To provide a historical perspective on Bitcoin’s journey, here are the BTC prices on 8/21 over the years:
- 2010 – $0.06
- 2011 – $11
- 2012 – $10
- 2013 – $109
- 2014 – $525
- 2015 – $233
- 2016 – $582
- 2017 – $4043
- 2018 – $6401
- 2019 – $10169
- 2020 – $11865
- 2021 – $49327
- 2022 – $20843
- 2023 – $26189
Bitcoin Infinity Day serves as a reminder of the decentralized and finite nature of Bitcoin. As the cryptocurrency world continues to evolve, this day stands as a testament to Bitcoin’s enduring principles and the community’s commitment to its values.
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