Ah, the good ol’ days! Fifteen years ago, Bitcoin was that quirky thing you laughed at, but now? Well, let’s just say it’s not so funny anymore. You could buy a whole 14 BTC for just $0.01—yes, you read that right. A whole *14* Bitcoin for less than the cost of a bubble gum. Pete Rizzo, a self-proclaimed Bitcoin historian (and the kind of person who probably knows where every Satoshi went), took to X to remind us all just how foolish we used to be. “15 years ago today, you could buy 14 Bitcoin for $0.01, $1.5 million today,” he says, as if rubbing it in a bit. 🙄
Back then, Bitcoin was worth basically nothing, which is why 14 whole coins could be yours for the price of a dying penny. Fast forward to today, and that once-worthless stash could make you a millionaire. A bit of a kick in the teeth for those who didn’t see it coming, huh? 🤑
FUN FACT: 15 years ago today, you could buy 14 #Bitcoin for $0.01. $1.5 MILLION today ✨
— The Bitcoin Historian (@pete_rizzo_) January 30, 2025
Let’s rewind a bit. In 2009, a year before this all happened, Satoshi Nakamoto (the mystery person or group—who knows?) mined the Genesis block, kickstarting Bitcoin’s chaotic existence. Fast forward to May 2010, and some genius decided to trade 10,000 BTC for two pizzas. Yes, pizzas. 🍕 Does anyone else feel slightly embarrassed about their pizza ordering habits now? Or was it a sign of early cryptocurrency brilliance? 🤷♂️
The price of Bitcoin didn’t just rise; it *exploded*. From that oddball digital experiment, it morphed into an asset class worth trillions. Imagine trying to explain that to someone back then. You might have been laughed out of the room. “You invested in what now? Is it like magic internet money?” Oh, how the tables have turned.
Oh, and remember when Bitcoin hit its all-time high of $109,241 on January 20th? No big deal. It took a little dive afterward, but it’s still holding steady over $100,000, with a market cap of $2.08 trillion. What? Someone stop this madness.
Bitcoin’s Latest Moves: More Than Just a Rollercoaster
Bitcoin had its biggest gain in over a week after the Federal Reserve finally decided to make some noise about crypto regulation. Yes, that’s right, the folks at the Fed made a few remarks, and—boom!—Bitcoin shot up by 2.28% over the last 24 hours to $105,048. The market briefly flirted with $105,610 but then took a breather. Gotta love the drama. 📈
Meanwhile, the Fed had its usual spiel on inflation, saying they’re not cutting interest rates just yet. You know, just keeping everyone on edge. They left rates at 4.25%-4.5%, which is a lot of numbers for anyone trying to make sense of this financial circus.
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2025-01-30 18:00