Bitcoin’s operational reliability is praised, having only two significant downtimes since its inception. In 2010, a value overflow bug caused a brief disruption, promptly resolved by developers. In 2013, a software bug led to a temporary network split, but this too was quickly fixed. These incidences underline the system’s robust engineering and dependable nature.

Pierre Rochard from Riot Platforms highlights Bitcoin’s design as a dependable monetary system for savings and transactions. His assessment is supported by Bitcoin’s near-perfect uptime, recorded at approximately 99.99% since its launch on January 3, 2009. Such reliability positions Bitcoin as a trusted platform despite minor past disruptions.

By 2024, Bitcoin had processed transactions worth over 19 trillion USD, proving its utility both as a store of value and a medium of exchange. By January 6, 2025, Bitcoin’s price surpassed 100,000 USD for the first time, driven by strong market sentiment following substantial gains in late 2024. This reflects growing confidence in Bitcoin’s market influence.