RATE Group | CNBC Video from 2013 Shows How Far Crypto Has Come
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CNBC Video from 2013 Shows How Far Crypto Has Come

01 Nov CNBC Video from 2013 Shows How Far Crypto Has Come

Posted at 02:51h in Bitcoin News by

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bitcoin crypto progress


“You confiscate a few billion dollars out of private bank accounts, and you print a couple trillion dollars, and all of a sudden, you know what happens? People start to worry. So out of this worry, we have something called the bitcoin,” explains CNBC correspondent Jeff Cox in this video from March 2013, as bitcoin had just crossed the $100 mark for the first time, calling it an “electronic, online, digital currency” — using every word besides cryptocurrency to describe the world’s oldest cryptocurrency.

Bitcoin Seen as Safe Haven Even Then

Cox felt that one big driver of bitcoin’s growth was that it was a safer alternative to fiat currencies in times of extreme debt and currency crises.

Today, a Ben Franklin won’t get you much bitcoin at all, but at the time you could buy an entire BTC for it. It would go on that year to rise past $100, and then mark a slow decline back beneath the $100 level. From there the price would hover between…

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