After 9 years and a $250 bn market cap, Bitcoin still awaits legal status

Bitcoin has had global central banks so worried that several are now mulling regulating the currency, legalising it, or evolving their own crypto currencies

Bitcoin, the most talked about crypto currency, has entered the tenth year of its existence today.

Nine years ago on this day, Satoshi Nakamoto, founder of the world’s first and thus far biggest crypto currency had launched the Bitcoin network by creating the "genesis block," the first entry in Bitcoin's global transaction register. It includes the following text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

This was a time when global central bankers were announcing quantitative easing and packages for bailing out banks that took huge hits during the debt-financial crisis of 2008. On October 31,