![]() But they need buy-in from traditional institutional systems that can prevent the crypto world from devolving into the lawless criminal bazaar it was becoming during the bubble. Pragmatists believe that bringing Bitcoin into the mainstream will, as the Silicon Valley cliche goes, make the world a better place. True believers view it as the foundation for a future economy freed from the vicissitudes of Wall Street and government control of currency. But Bitcoin survived, and the battle for its soul rages on. Everyone else was right, and the bubble burst. Libertarian technologists who believed Bitcoin would be the foundation of a new world order saw the moment as an apotheosis. ![]() He turned to the audience and shared his idea with the simple slogan: 'Coinbase, the easiest way to get started with Bitcoin'įor a moment late in 2018, one Bitcoin, which physically amounts to a few electrons blipping on a tiny bit of silicon, was worth $20,000 - the same as a pound of gold. Brian Armstrong stepped onto the stage with quiet confidence. ![]()
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