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Bitcoin Pioneer Charlie Shrem Revives Historic Faucet to Onboard New Investors

Bitcoin Pioneer Charlie Shrem Revives Historic Faucet to Onboard New Investors

Published:
2025-05-17 04:50:14
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In a nostalgic yet forward-looking move, Bitcoin pioneer Charlie Shrem has resurrected the legendary Bitcoin faucet through his platform 21million.com. Originally created by Gavin Andresen in 2010, the faucet famously distributed 19,700 BTC (now worth billions) to early adopters via CAPTCHA rewards. Shrem’s modernized version aims to introduce a new generation to Bitcoin’s ethos while maintaining the original’s playful accessibility. Launched in May 2025, this initiative bridges crypto’s foundational history with its mass-adoption future.

Charlie Shrem Revives the Legendary Bitcoin Faucet for a New Generation

Charlie Shrem, a pioneer in the cryptocurrency space, has resurrected the iconic Bitcoin faucet through his initiative 21million.com. Originally launched in 2010 by Gavin Andresen, the faucet distributed 19,700 BTC to users solving CAPTCHAs—now worth billions. Shrem’s revival targets a new wave of investors, blending nostalgia with modern accessibility.

The updated faucet retains its CAPTCHA mechanism, serving both as a bot deterrent and a nod to Bitcoin’s early days. This move underscores the enduring appeal of community-driven crypto projects amid today’s institutionalized market landscape.

MicroStrategy Bolsters Bitcoin Holdings with $180M Purchase Amid Market Rally

MicroStrategy has deepened its bitcoin bet with a $180.3 million acquisition, adding 1,895 BTC to its corporate treasury at an average price of $95,167 per coin. The purchase brings the business intelligence firm’s total holdings to 555,450 BTC—a position now worth over $52 billion at current prices.

The latest accumulation was funded through capital markets activity, including $128.5 million in common stock sales that exhausted the company’s existing at-the-market offering. MicroStrategy concurrently established a new $21 billion ATM program, signaling continued appetite for Bitcoin exposure despite the cryptocurrency’s 37% premium to the company’s average acquisition cost.

While MicroStrategy shares dipped 2.7% in premarket trading, the MOVE reinforces Michael Saylor’s conviction in Bitcoin as a corporate treasury asset. The company’s unrealized gains now exceed $14 billion, demonstrating the asymmetric returns possible through disciplined dollar-cost averaging during market cycles.

Macro-Economist Predicts Bitcoin’s Next Bull Run Surges with New ’Banana Zone’ Theory

Renowned macroeconomics expert Raoul Pal unveiled his ’Banana Zone’ theory at the TOKEN2049 conference in Dubai, predicting an explosive phase for cryptocurrency markets. Global liquidity and investor indecision are key drivers, with Pal advising investors to ’ignore fear and follow the money.’

Pal asserts that 90% of asset prices, including Bitcoin and the Nasdaq index, are driven by liquidity flows. An expanding money supply boosts both stocks and cryptocurrencies, while inflation coupled with currency depreciation further fuels the market.

Robert Kiyosaki Favors Bitcoin Over ’Fake’ Dollars Amid Economic Crash Warnings

Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ has intensified his warnings about an impending economic collapse, urging investors to shift from traditional assets to Bitcoin, gold, and silver. In a recent tweet, he criticized the Federal Reserve and Treasury for flooding the economy with what he calls ’fake dollars,’ advocating instead for hard assets as a safeguard.

Kiyosaki’s predictions, originally outlined in ’Rich Dad’s Prophecy,’ appear to be unfolding as he foresaw—a dramatic downturn in stocks and bonds. His endorsement of Bitcoin underscores its growing role as a hedge against institutional monetary policies.

Semler Scientific Expands Bitcoin Holdings with $16.2 Million Purchase

Semler Scientific (SMLR) bolstered its Bitcoin treasury with a $16.2 million acquisition of 167 BTC last week, paying an average of $97,000 per coin. The healthcare technology firm now holds 3,634 BTC worth over $340 million at current prices, cementing its position among corporate Bitcoin adopters.

The latest purchases appear funded primarily through equity sales, with the company raising $39.8 million via share offerings in April. Semler’s cumulative Bitcoin investment now stands at $322.3 million, acquired at an average price of $88,668 per BTC—a paper gain of nearly 6% at current market levels.

Free Bitcoin Faucet From 2010 Set for Revival, Echoing Crypto’s Early Days

A relic of Bitcoin’s infancy is poised for a comeback. Charlie Shrem, a pioneer in the crypto space, has hinted at reviving the Bitcoin Faucet—a platform that once distributed 5 BTC per user for solving a simple CAPTCHA. Originally created by Gavin Andresen in 2010, the faucet was a gateway for newcomers when Bitcoin was virtually worthless. Today, those 5 BTC WOULD be worth nearly $500,000.

The faucet’s return underscores Bitcoin’s journey from obscurity to mainstream adoption. While the website currently holds no BTC and remains inactive, its revival could rekindle nostalgia for crypto’s grassroots era—a time when mining and acquiring Bitcoin required technical prowess rather than institutional capital.

|Square

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