According to U.Today, Bitcoin historian Pete Rizzo recently revisited a significant statement by Bitcoin's pseudonymous creator, Satoshi Nakamoto. In a tweet, Rizzo highlighted a message from Satoshi dating back nearly 14 years: 'If you don't believe it or don't get it, I don't have time to try to convince you, sorry.' At that time, Bitcoin was trading at approximately $0.07 and was largely dismissed by mainstream financial institutions and the public. Satoshi's words reflected his vision and conviction, focusing on building and improving the Bitcoin network rather than convincing skeptics.

Bitcoin has experienced a remarkable journey since that statement. From a mere $0.07, its price has soared to tens of thousands of dollars, attracting interest from financial institutions and governments worldwide. This rise has been accompanied by increased adoption, technological advancements, and a thriving community. As of the time of writing, Bitcoin was up 3.1% in the last 24 hours to $69,474, having reached an all-time high of nearly $74,000 in mid-March.

Satoshi's statement remains validated even today. The cryptocurrency industry continues to face skepticism and criticism, particularly for new projects and developments, which are frequently met with uncertainty. Nonetheless, the community maintains a strong emphasis on building. In a recent incident, Bitcoin critic and gold bug Peter Schiff was taken aback when 87% of over 11,000 Bitcoin holders who responded to his poll on X said they would not sell any of their Bitcoin even if the price collapsed over 99% to $120. Not only did they claim they would not sell, but they would keep buying more even on the way down.

Schiff, who continues to criticize the value proposition of Bitcoin, surprisingly admitted that 'the main sell point for investors to buy Bitcoin is its great track record of past performance' and that 'it doesn't matter how much money one loses on Bitcoin, it still fixes everything. It's digital gold no matter how low the price falls.'