The former Technical Director at Coinbase, Balaji Srinivasan, drew attention to the necessity of summarizing the performance of some entities in the present decade which is about to end. The expert considers the lack of Bitcoin in the list of “unicorns” unfair. In his view, the achievements of BTC are superior to those of other companies such as Uber, Airbnb, and Snap.
As the decade ends, the biggest unicorn of the 2010s wasn’t Uber, Airbnb, or Snap. It was Bitcoin.
— Balaji S. Srinivasan (@balajis) December 4, 2019
Although “unicorns” (companies with an estimate of more than $ 1 billion) regularly raise money based on incredible multi-billion dollar estimates, many do not understand why these companies keep growing in value.
As for Bitcoin, the number of users who are interested in this project is much higher than the above companies. Due to the anonymity of the cryptocurrency, it is impossible to accurately calculate how many users have invested in the asset, but now all those associated with the cryptocurrency industry are already tens of millions.
And ten years ago, only a few dozen scientists and geeks interested in developments in the field of cryptography knew about the new threat to the global financial system. Therefore, we can say that the Bitcoin audience has grown a million times over these ten years, although not all of these people own bitcoins. Those who now own at least one whole bitcoin are probably only a few thousand people, and a significant part of this digital wealth is concentrated on centralized exchanges.
This multimillion-dollar audience was far from immediately assembled. In the early years of Bitcoin’s existence, it was almost not mentioned in the media, social networks, and even more so on TV. All this came later.
Over the past 10 years, Bitcoin has gained worldwide popularity. Bitcoin quotes support all major financial platforms such as Bloomberg, Reuters, Yahoo, and Microsoft. Also, Microsoft added the Bitcoin symbol to financial settlement tools in Microsoft Excel.
What Bitcoin Has Achieved In Ten Years
- Bitcoin exchange rate for the first quote – $ 0.00076, today BTC rate is about $ 7247. Thus, over 10 years, Bitcoin has risen in price by more than 10 million times.
- Market cap. As of October 2009 at first quote was about $ 1,500; it is $ 15.8 billion now.
- A number of users: as of January 10, 2009 – only its creator Satoshi Nakamoto and several enthusiasts. To date, this number includes dozens of millions.
Perhaps these numbers seem incredible, but it is impossible not to admit the obvious fact that in the first decade of its existence, Bitcoin has gone from fun for cryptographers to a world-famous financial instrument that many famous businessmen and scientists consider a real rival to gold and others reserve assets.
The governments of most countries are developing regulation of the cryptocurrency sector. This means that they do not allow the possibility of an early collapse of cryptocurrencies. The infrastructure around Bitcoin consists of thousands of companies, millions of people are already employed in the industry.
The first decade for Bitcoin was not easy, but not only new challenges await us, but also new heights.