Gabor Gurbacs comments on staggering Bitcoin price increase that occurred over past 10 years
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Gurbacs believes that this not as much a question of what has occurred to Bitcoin over this decade as what has happened to the U.S. dollar, since BTC has been gaining so much value.10 years ago Bitcoin traded around ~$400 per BTC, today it’s trading around $70,000 that is a 17,400% increase.It is widely known that Satoshi Nakamoto came up with Bitcoin after the 2009 mortgage market crisis to ensure that a similar or a stronger shake-up does occur in the future.
In 2020 alone, more than $6 trillion were printed and injected into the U.S. economy. This has been contributing to the ongoing devaluation of the U.S. dollar, as many experts have pointed out.. Back in 2010 on May 22, a software developer who then resided in Florida, Laszlo Hanyecz, decided to make the first purchase of a physical object with Bitcoin.
He left a message on the BitcoinTalk forum, offering 10,000 BTC to anyone who would bring him two large pizzas or have them delivered to his house. Back in 2010, 10,000 Bitcoins were worth roughly $41. Now this amount of crypto would be evaluated at several hundred million U.S. dollars – not a bad reward for delivering two pizzas.
Traditionally, every year on this day, Bitcoiners arrange get-togethers, buy pizza with fiat or Bitcoin and eat it, talking about crypto.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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