Crypto Newsletter

Bitcoin’s Real Use Case Is as a Self-Fulfilling Prophecy

A Bitcoin installation at a plaza in Ilopango, El Salvador.

Photographer: Camilo Freedman/Bloomberg

In this edition of the Bloomberg Crypto newsletter, Elijah Nicholson-Messmer reads Satoshi Nakamoto’s emails.

Days after the launch of Bitcoin in 2009, its creator sent an email discussing the potential use cases for the new digital currency. “It could get started in a narrow niche,” the pseudonymous Satoshi Nakamoto wrote, referencing things like “reward points,” “donation tokens,” and maybe even “micropayments for adult sites.”