It was controversial at birth – 10 years ago, people did not believe that Bitcoin would reach $1, but later they did not believe that it would reach $10. By the end of 2020, Bitcoin will be worth $20000.
Recently, Wantong Life Insurance, an old American insurance company, announced that it would invest 100 million dollars to buy Bitcoin, which shocked the currency circle. As an old insurance company with 5 million customers, Wantong manages more than 235 billion USD accounts. This seems to mean that the door of the mainstream financial market is being opened for Bitcoin?
The entry of insurance giants makes the insiders start to “imagine” that once the scale effect is achieved, the price of bitcoin may be re evaluated – if the entire life insurance industry allocates 0.1% of its assets to bitcoin, they will buy 251400 bitcoins with $4.5 billion in the market, equivalent to 1.35% of the circulation and supply of bitcoin.
The opposition has never stopped, but it seems that there has been a subtle change recently. Dalio, the founder of the famous investor Bridgewater Fund, has always been a bitcoin skeptic, but recently publicly said that “bitcoin is an interesting substitute for gold”. In China, “unreliable” has become the association word of Bitcoin due to the frequent currency chaos caused by platform loopholes. However, whether Bitcoin transactions are legal or not, because there is no relevant law explicitly stipulating that citizens cannot hold it, there are still different interpretations.
It can not be ignored that from the rough calculation when Bitcoin was born to today, when Bitcoin rose to nearly 20000 dollars in December 2020, the cumulative increase reached 26 million times.
It can’t help wondering why Bitcoin is so crazy when it is soaring and plummeting?
Looking at the controversial and incomprehensible “banknote printing machine” in the market this year, in addition to Bitcoin, there is a blind box Bubble Mart with a net profit of 300 times in two years.
Non professionals can’t understand Bitcoin, and investment institutions can’t understand blind boxes.
A joke in the investment circle spread on the Internet, saying that a fund manager in Washington had no interest in blind boxes at all, but after seeing the hot limited funds trading market on Amazon, his interest increased greatly. “Isn’t this the female version of fashion shoes and Bitcoin?” he shouted.
In fact, in the development of the trillion market, the simple “gambler’s heart” is by no means the source and destination of its rising tide. The understanding of Bitcoin started from scratch, starting from the little-known story of Bitcoin.
01. Bitcoin 10 years, from 2 pizzas to 20000 dollars
In May 2010, in the sunny Florida, the programmer Laszlo Hanyecz happily announced that his Bitcoin transaction request sent on the forum four days ago had been completed.
At 7:17 p.m. on May 22, 2010, Laszlo Hanyecz: “I just want to say that I successfully exchanged 10000 Bitcoins for pizza.”
At that time, nobody expected that ten years later, the price of Bitcoin would reach as high as 20000 dollars, and the two pizzas were worth 200 million dollars.
Faced with the miss of two hundred million dollars, someone once asked Laszlo Hanyec whether he regretted missing the opportunity to become a billionaire. Laszlo Hanyec replied:
“I don’t regret it, because I think my behavior is great, which is a way for me to participate in the development of Bitcoin. I know that if I can use Bitcoin to buy food, it will be the same as other currencies, and we can live on Bitcoin.”
Indeed, since the pizza exchange event, Bitcoin has opened the door as a payment tool in reality. As a result, the first fair exchange rate, one Bitcoin, is equivalent to US $0.008.
Today, Bitcoin has experienced ups and downs in just 10 years, both in crisis and in climax.
