Last week marked 12 years since the price of Bitcoin reached $1 for the first time.
Every February 9, bitcoiners remember the so-called “Parity Party”, in which the price of Bitcoin reached the value of the US dollar.
This occurred in February 2011, two years after the first Bitcoin issued on the blockchain was put into circulation and only one year after it was made. the first BTC transaction in the real world.
The parity of Bitcoin with the dollar is one of the most significant events in the crypto industry and is part of the financial revolution that began with the arrival of this powerful, although at that time, still unknown cryptocurrency.
The “Parity Party” was proposed on the Bitcointalk forum, where only a few Bitcoin believers and fans showed their enthusiasm and confidence in BTC.
One of them, the remembered American programmer and cypherpunk Hal Finney, had commented on how lucky they were to be participants in the beginning of a new phenomenon. “Given the odds against most investments that triple money, Bitcoin seems like a good place for a percentage of your wallet,” Finney said, amid some Bitcoiners' enthusiasm to see Bitcoin grow rapidly and skepticism. of others.
Beyond the price of Bitcoin
But in addition to the price, bitcoiners also focused on several of the problems that have hit the BTC digital economy today. The user “Veltas” said that Bitcoin needs to trust a community that is concerned about maintaining its safety and freedom and not simply because of its market value. Veltas had highlighted at the time that the Bitcoin ecosystem could become filled with “money-hungry investors” who would only sell BTC when the going got tough, driving down the price of the cryptocurrency. “We are a growing economy, but we are still susceptible,” he said.
Likewise, regarding the mass adoption of Bitcoin, Jeff Garzik, CEO of Bloq, commented that the expansion of Bitcoin would mean “embracing government regulations.”
In this regard, the user “Nefario” highlighted that There could be two sides to the Bitcoin-powered economy, one where participants will want to follow the regulations established by governments and another in which users will defend the financial freedom and decentralization offered by the world's leading cryptocurrency. Both sides will be able to operate seamlessly with each other thanks to the nature of Bitcoin, the user commented.
The comments from bitcoiners show their clear appreciation of the potential and value that Bitcoin has and how far the cryptocurrency can go.
In the coming years, the crypto community expects Bitcoin to reach the $100.000 level, and even $1.000.000. In fact, Ark Invest, the investment management company founded by Cathie Wood, highlighted in its latest predictions this year that the price of Bitcoin could be between $258.500 and $1.480.000 by 2030.
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