You are viewing a single comment's thread from:

RE: Steemcryptochallenge #4 - Future of Crypto Currency With Facts And Benefits | @abdt

in Project HOPE4 years ago

Cryptocurrency is more than just the price value that it holds. While Bitcoin's price does draw the attention of more people towards this space, it is the underlying blockchain technology that is a game-changer in the future.

Without blockchain, there would not be any cryptocurrencies to go with. So, it is very essential that one appreciates the power of this marvelous technology.

Bitcoin In 2010:
In the starting year of bitcoin, many people who was having bitcoin, thought it as a trash and they did not took bitcoin seriously.

What kicked off the popularity of Bitcoin in particular was the famous pizza day. May 22nd, 2020 was the very first time when a real-world object(pizza) was bought using BItcoin. 10,000 Bitcoins were used to pay for 2 pizzas on this particular day. This would have got us unlimited pizza's for a lifetime if we were to use it now.

However, this event is very important in the crypto history as this allowed others to innovate and use Bitcoin to buy other real-world objects. The more people used, the more popular Bitcoin got. Consequently, its price reached over $1,000 in 2014.

So, Bitcoin's price did moon before the 2017 bull run. Since then it has been a great journey. Looking at this right now, it seems like the crypto future that we are all hopeful of will certainly come by very soon.

Steem on!

#twopercent #india #affable

Sort:  

Wow thanks for this great information.