Pete Rizzo, Bitcoin historian
At that time, Bitcoin was the toast of financial liquor. Bloomberg wrote a book about the subject, Bloomberg hosted a “12 -day Bitcoin” Christmas Special (where the host was robbed in the air), and all Silicon Valley thought leaders had opinions about the future.
Then reality is hit. Disillusioned barrel. Startups have failed and failed.
This was my formative days in the Bitcoin industry. I didn’t believe that today’s technicians are possible, but I felt that the high prices of heaven were far away. Bitcoin was involved in the inter -Korean war, there was a fight on what the infrastructure of the blockchain was, and the bank provided a personal version of technology.
Needless to say, if you asked me to imagine what the world would look like when Bitcoin was $ 100,000, I would have gained the following answer -Bitcoin will be understood and accepted, and the scientific experiment on the early days of the industry will be over, and the technology will be accepted and mainstream.
It was certain that Bitcoin users had to make money through strange Russian payment brokers (or to buy directly from strangers on the street).
That part has definitely changed, but I would be wrong about rest.
Today, we are more optimistic about the future price audit of Bitcoin.
It becomes mainstream
Of course, I am willing to admit that it is obvious. In 2025, Bitcoin is mainstream. The US president does not own it and is the main part of his policy platform. Major pop stars like Drake are not just trading, but Rap Nemis checks the name on the DISS track.
But there is still a wide range of confusions about what Bitcoin is and how the future financial infrastructure can spread. It is already a fact that the new administration must face policies.
As you can see from the debate over the US digital asset market structure, there is no agreement on what password analysis is in the industry. Some of me, like me, see Bitcoin as a differentiated digital gold. Others seek Cryptocurrencies as an asset class and compete with other attributes.
Of course, many Americans own Bitcoin or other cryptocurrencies, but they do not use passwords for everyday financial transactions. In most cases, it is just a small part of long -term savings or speculation or financial planning. According to a poll, it is open to the alternative of traditional finance, but even digital assets (even Bitcoin are not taken seriously.
According to a poll, even investors do not understand it.
Obviously, this break creates a thriving market. Thousands of digital assets are being released every day, and CoinmarketCap already tracks 15.1 million people. But are these really memes?
The Bitcoin movement began with the intention of innovating finance. Many builders I know are still making efforts.
Undoubtedly, the market will eventually have to have a clear and extensive agreement on the difference between Bitcoin and other cryptocurrency. There were hundreds of Internet competitors, and companies may have to question whether they will build a website in AOL or Earthlink. Today, I doubt that you are reading this article.
$ 1,000,000 Bitcoin case
Unfortunately, people who entered the industry late can respond similarly in 2013 and missed the boat after hearing high predictions on the price of Bitcoin.
If you are one of these new immigrants, I ask you to step back. Did Bitcoin show their potential as much as possible? Bitcoin is the only one in the world’s best currency list after 16 years of launch.
- The company or the government is not issued
- There is a finite money supply
- There is a transparent and grateful monetary policy
We hope that the top class, such as the Lightning Network, will allow Bitcoin to compete in global payments and get a picture. I hope Bitcoin will be reconstructed into a network that does not cut money in the current form.
Like the Wall Street investment company, like ETFs, public companies and countries are purchasing Bitcoin.
Then the computer network that operates Bitcoin is very large. It is already increasing more than seven times the size of Google. Now imagine the network when all the trends mentioned above are mature. Doesn’t it sound very close to our dreams?
Slowly, immutable, for acceptance
What is Bitcoin? Well, today is still a question that a friend can send you a 30 -minute documentary. Since 1994, there is a famous TV clip in 1994, where organizers “The Today Show” discuss on the Internet.. Nobody knew how to explain it.
Today, Bitcoin and Cryptocurrencies are “Internet Super Highway” and “Internet of Money.”
My feeling is to summarize what will happen to the world’s best coin and encryption world. This gap between language and reality is closed.
If Bitcoin reaches $ 1,000,000, no one needs an exotic parable to explain it. If we do so, we can still go to a much higher price because we can still go up.
Pete Rizzo is a major Bitcoin history and is the author of more than 2,000 articles about cryptocurrency.
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