FT reveals Bitcoin headline on 12th anniversary of genesis block – Cointelegraph

FT reveals Bitcoin headline on 12th anniversary of genesis block – Cointelegraph

Bitcoin (BTC) received a fitting yet accidental birthday present on Jan. 4 as the Financial Times made it front-page news on the 12 anniversary of its genesis block.

Released on Monday, the FT’s upcoming headline had already made the rounds on crypto social media prior to publication. 

12 years later: No bailouts, just Bitcoin

The left-hand column of the front page was dedicated to Bitcoin’s price surge, while the accompanying price chart made it as the paper’s lead image.

BTC/USD weekly candle price chart (Bitstamp). Source: Tradingview

The timing could not have been any more conspicuous, coming just one day after Bitcoin celebrated its 12th birthday. On Jan. 3, 2009, another mainstream newspaper, United Kingdom-based The Times, led with the now-infamous headline “Chancellor on Brink of Second Bailout for Banks,” which was added to Bitcoin’s first block of transactions, also known as the genesis block.

Keeping Bitcoin company in 2021 was a headline, which some may argue is just as fitting, relating to coronavirus lockdowns — something that has wrought huge economic damage and sparked money printing on an unprecedented scale.

Unsurprisingly, proponents of Bitcoin as sound money and an escape from fiat inflation were in a celebratory mood as the FT headline went public.

“On the 1st business day of 2021, #Bitcoin takes its rightful place atop the Financial Times,” Michael Saylor, CEO of MicroStrategy, summarized to Twitter followers, adding a quote by French author Victor Hugo.