The author of “Bitcoin: A Peer-to-Peer Electronic Cash System” and the developer of the first Bitcoin client, Satoshi Nakamoto, saw the potential of using a decentralized network to create a digital currency immune to government intervention and manipulation. In addition, he was interested in cryptography, which partially explains why this technology was the critical element of the system. Bitcoins initial price Despite their high valuations on paper, a collapse of Bitcoin and other cryptocurrencies is unlikely to rattle the financial system. Banks have mostly stayed on the sidelines. As with any speculative bubble, naive investors who come to the party late are at greatest risk of losses. The government should certainly caution retail investors that, much like in the GameStop saga, they act at their own peril. Securities that enable speculation on Bitcoin prices are already regulated, but there is not much more the government can or ought to do.
Something that at first seems absurd and pure speculation generates its propagation, along with it the joys and sorrows of speculative decisions on exchange platforms. Would Bitcoin have become so famous if people didn't see it as a means of investment? It has many advantages, but to really make sense it has to be a global system. To achieve this, it has to go through a few years of expansion. One that will allow its users to enjoy its full potential. If You Invested $1,000 in Bitcoin 10 Years Ago, Here's How Much You'd Have Today Dec. 10, 2017: Bitcoin-mania was fully underway by this point, with prices exploding to $13,160. That $100 would today be worth $332.