Retrospective 2010: From being unnoticed to gaining prominence
In 2010, when Bitcoin was still under $0.3, a broadcast video became a testament to future 'prophecies'—the famous financial commentators Stacy Herbert and Max Keiser vigorously praised a 'decentralized' innovative currency on their show.
Image source: X The renowned financial commentators Stacy Herbert and Max Keiser vigorously praised the innovative currency of 'decentralization' on their show
In the footage, Herbert boldly stated that Bitcoin could replace traditional banking systems, freeing people from the constraints of centralized institutions like credit cards or bank cards; while Keiser emphasized that Bitcoin's success would represent a major reshuffle of the global financial structure. Looking back, cryptocurrencies were merely playthings for a few geeks, but under the vigorous promotion of this pair of 'early promoters,' they sowed the seeds for changing the world.
At that time, Satoshi Nakamoto's white paper had just been released, and Bitcoin was still in an obscure stage. A cryptocurrency worth only $0.3 seemed inconspicuous at first glance; however, the market environment impacted by the 2008 financial crisis happened to spark people's desire for solutions 'beyond banks.' Herbert warned viewers on the program: If one day your traditional financial account is frozen or disabled, Bitcoin's peer-to-peer transaction mechanism could bring hope. She emphasized that through 'decentralization,' anyone could control their assets instead of being restrained by banks or governments. Such bold statements seemed like a fantasy back then but unexpectedly hinted at Bitcoin's potential for explosive growth in the future.
Over a decade later: The tremendous leap in Bitcoin's market value and price
Since 2010, Bitcoin's price has soared, with long-term increases exceeding tens of millions of times. From the initial $0.3 to now breaking through $100,000, it has not only created a record global cryptocurrency market value of $3.4 trillion but has also triggered an unprecedented investment frenzy. Notably, Bitcoin has once again demonstrated its positioning as 'digital gold' under the dual stimuli of the U.S. presidential election and the overall economic and financial direction this year—since Trump won and appointed several pro-crypto officials, Bitcoin's price has climbed steadily, driving a massive surge that includes Ethereum and other altcoins, with trading volumes repeatedly hitting new highs.
Image source: TradingView Since 2010, Bitcoin's price has soared, with long-term increases exceeding tens of millions of times. From the initial $0.3 to now breaking through $100,000
In this wave of the crypto bull market, some have become billionaires while others have suffered heavy losses due to market volatility. However, upon reflection, Herbert and Keiser's description of Bitcoin's 'magic' in 2010 accurately foreshadowed this financial tsunami: its characteristics of decentralization, globalization, and immutability make it a powerful tool against banking chaos and traditional capital monopolies, also bringing vast innovation space to the entire industry. Fourteen years ago, that interview segment was believed by very few, but those 'early believers' who continued to invest as prices rose later reaped unimaginable rewards.
Insights for the future: Decentralization and global derivative value
After 14 years of 'barbaric growth,' Bitcoin has gradually entered the ranks of global assets, no longer merely an experiment for a group of tech geeks, but becoming a focal point for many companies, institutions, and countries. From aerospace companies attempting to transmit Bitcoin to Mars rovers to numerous investment institutions opening Bitcoin trading funds, and even MicroStrategy viewing it as a core company asset, all indicate that Bitcoin's international recognition and application depth are continuously increasing.
However, according to recent market trends and expert observations, no one can yet assert that Bitcoin has reached its limit or that the situation is settled. Despite many large investors and companies entering the market early, there are institutions predicting that Bitcoin's price still has immense potential for growth. Looking back at Herbert and Keiser's 'Christmas prophecy' from years ago, it is poignant to consider that perhaps this moment is the mid-chapter of cryptocurrencies rewriting the financial order.
What is certain is that the rhetoric that changes the world does not rely on empty slogans, but rather on the practical application of Bitcoin's technology and philosophy. Over the past decade, the concept of blockchain has also extended to DeFi, NFT, DAO, etc., showcasing a diverse innovation that breaks away from centralized power. As early promoters have stated, the value of Bitcoin lies not only in its 'price' but symbolizes a whole new way of thinking about economic self-management. Regardless of how the market trends, that $0.3 Bitcoin from fourteen years ago has already proven to the world that it is indeed possible to 'change the world.'
'Early Bitcoin promoters made a fortune! From $0.3 to $100,000, it has rewritten financial history in fourteen years' This article was first published in 'Crypto City'
