Bitcoin turns 18 with ETFs, major hacks and cultural reach

Eighteen years after Satoshi Nakamoto published the Bitcoin white paper, the asset is not much closer to being a purely peer-to-peer form of cash. But the tools and cultural habits it helped create are now part of everyday finance. That is maybe the clearest way to judge the anniversary.

From white paper to Wall Street

Bitcoin is now inside the financial system. Retail and institutional investors can get exposure through exchange-traded funds. Companies are rolling out products that let holders borrow against their coins. You may not buy coffee with bitcoin, but the asset has found a place in portfolios and in the marketing plans of established firms. The price sits near $77,400, according to the article, though that number matters less than the structures built around it.

The cultural footprint

The industry that grew around Bitcoin has produced its own touchstones. CryptoKitties clogged networks in 2018. Yield farming had a short, intense run. Dogecoin became a pandemic favorite. NFTs drew buyers from Christie’s and Time Magazine. Crypto was the biggest political donor in the 2024 elections, and it has already helped make some 2026 midterm races among the most expensive. Most of these trends stayed inside crypto, but the wider public heard about them. That reach is real, even if the use cases remain uneven.

Hacks and centralised rescue

The other side is harder to ignore. Crypto exchanges keep getting hacked, often by North Korea, which has turned exchange theft into a major source of revenue. The latest attack, two days ago, hit Binance for more than $6 billion in assets, the largest crypto hack on record. Losses have grown with each major breach. The irony is that centralised players did the most to limit this one. Tether and Circle froze about $2.4 billion in stolen funds, while DAOs and smaller platforms froze a few hundred million more.

What comes next

The next 18 years are hard to predict. Bitcoin may become more of a reserve asset than a payment tool, or it may stay stuck between the two. I think the safer bet is that the surrounding market keeps changing faster than Bitcoin itself. The hacks will likely continue. So will the attempts to build products around the asset. For now, Bitcoin’s legacy is less about coffee and more about the financial and cultural machinery it set in motion.