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Posted On Jun 21, 2014 By Louis Basenese
[curated by Glen Brink for MyBitcoin Blog]
The first cryptocurrency exploded on the scene back on May 22, 2010… That’s when a web developer purchased two Papa John’s pizzas using 10,000 units of Bitcoin.
Bitcoin is a peer-to-peer digital currency â€" meaning there’s no middleman (the bank) getting in the way.
Back in 2010, Bitcoin was trading for less than a penny. In fact, 10,000 bitcoins were worth about $30 at the time.
Then the price of the digital currency quickly skyrocketed higher.
By 2014 â€" just four years later â€" that same $30 starting stake was worth more than $5 MILLION.
But get this…
Today, that same $30 is now worth a life-changing $20 million!
Cryptocurrency Basics
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