The Rise And The Rise Of Bitcoin

This is a Bitcoin documentary that discusses the earliest days of Bitcoin. If you think we are in the early stages now, you should have seen it then. This video interviews some of the original bitcoiners and the path that they took.

There are early adopters and there are super early adopters.

In cryptocurrency, we are still in the early stages now. However, it is vital to remember how far we have come. Since the early days, we are light years ahead of where they were a decade ago.

If you have not seen this documentary, it is recommended that you do when time permits. It is a stark revelation as to how far we came.

It is interesting to look back upon the views at the time. There was a professor who felt, in 2013 or 2014, there is no way Bitcon would survive. He even said that, in a decade, we will look back on the experiment of Bitcoin and laugh.

I do not think anyone is laughing today.

Source

The reason why I feel this is important to see is because of what it takes to be in something like this. Even now, people are doubting what is happening before their eyes.

Simply put, to be successful, it take foresight as to what is going to happen. That is the case with all of technology. The difference is that we are part of the people who are forging the path and make it happen. We are not sitting idly by and hoping things change.

Of course, 8 years ago, this industry really took some imagination to see what was happening. Between the collapse of Mt. Gox and the subpeonas that the government sent out, it was a scary time. There was little clarity as to what was legal and what was not.

One of the magical moments was when the price of Bitcoin started to ascend. That validated what many thought early on. Bitcoin was suddenly real.

We are at the same point today with many projects. People look at things languishing, believing they are dead. Unfortunately for them, history is not kind to that point of view about technology.

Where is the world going to be in 10 years? What will things look like? These are questions that are crucial to investing today. Having an idea about major trends is a safe way to determine what the possibilities are.

One thing we know that is for certain: things will be a lot different in the first part of the next decade.

Digital assets are going to take over. We might not be able to see it now but the day will arrive when tokenization is the default mindset. Whatever the situation, people will first look to tokenize whatever they are doing.

The vision of the original bitcoiners was that Bitcoin would solve most of our worldly problems. This idealism is honorable although things did not turn out that way. Bitcoin is now being scooped up by the same institutions that it threatens.

That said, the idealistic vision, in my view, still applies. The only difference is it is much wider than it was before. This model now applies to cryptocurrency in general, not just Bitcoin. There are dozens of tokens that will change the lives of millions of people over time. There are probably hundreds more that will alter the path for hundreds of thousands.

Each passing year creates a new area that takes off. In 2020, it was DeFi that absolutely exploded. What will it be this year? In addition to the continued progress in DeFi, we will certainly see something that gains a ton of traction.

Overall, we are growing at an astronomical rate. This means that we are likely to see the tipping point within 18 months.

When that happens, we will likely be close to mass market acceptance in the crypto world.

---

If you found this article informative, please give an upvote and rehive.

gif by @doze

logo by @st8z

Posted Using LeoFinance ^Beta