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Wednesday, April 12, 2017

The Gold Rush Begins: The Day Bitcoin Topped the US Dollar

The Gold Rush Begins: The Day Bitcoin Topped the US Dollar

One of bitcoin's earliest angel investors, Roger Ver has backed a number of startups including BitPay, Purse and ShapeShift, and is the owner of resource portal Ver is noted as both an outspoken evangelist for the technology and one of the first 'bitcoin millionaires'.

In the first entry in CoinDesk's "Bitcoin Milestones" series, Ver discusses his initial brush with the technology and recounts the watershed moment when a single bitcoin became more valuable than the US dollar.

I first heard the word 'bitcoin' in November or December 2010 thanks to a mention of it on the podcast.

It sounded interesting enough. I maybe spent a few moments Googling it. At the time one bitcoin was worth about $0.10. I thought to myself, "This is interesting, but if no one is using it, it isn't worth anything."

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