'Love Letter' Details Bitcoin's Journey From Pizza Purchase To Global Asset Class

Benzinga12-18 00:08

Bitcoin (CRYPTO: BTC) hasn’t evolved in a straight line from experiment to asset class as a recap of its history shows. What Happened: In a detailed post on X dubbed “love letter to Bitcoin”, ...

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Gox collapse became a turning point, exposing the risks of centralized platforms and reinforcing the importance of self-custody. \nWhile exchanges failed, Bitcoin itself kept running, a critical proof of resilience.\nAs infrastructure matured, wallets improved, exchanges expanded globally, and smartphones made access frictionless. \nBitcoin proved it could function across borders, transitioning from a niche experiment into a global financial network.\nAlso Read: Is Bitcoin Headed For ‘Bear Market Blues’? Just ‘Trade The Market You Have’, Expert Says\nWhy It Matters: The 2017 bull market pushed crypto into the mainstream, reframing Bitcoin from “interesting tech” into a serious financial asset, before excess speculation triggered another brutal reset.\nSince then, crypto has become deeply intertwined with traditional finance. \nInstitutions, ETFs, regulation, and macro forces like Federal Reserve policy now shape price action. \nYet despite the transformation, Bitcoin's core principles, openness, choice, and financial independence, remain intact.\nFrom pizza money to portfolio allocation, Bitcoin's story is one of survival. \nIts future will hinge on balancing freedom with responsibility, and innovation with real-world trust.\nRead Next:\nImage: Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592911029","isCrawlerRequest":true}