From two pizzas to $100,000 per coin, here are 27 key drivers of Bitcoin's 16-year rise

avatar
MarsBit
05-21
This article is machine translated
Show original

Special Note: This ranking is based on subjective assessment of public information, aimed at interesting discussion, and does not constitute investment advice or industry certification. Please refer to it rationally and read it casually. If you have any questions or leads, feel free to contact us, and we will continue to update.

Since May 22, 2010, when Laszlo purchased two pizzas with ten thousand BTC, Bitcoin has grown from an experiment of programming enthusiasts to a "major asset class" valued by global institutions, sovereign funds, and even nations. Behind this are continuous efforts by key individuals and institutions - some preaching for a decade, others bringing billions of capital into BTC.

As Pizza Day approaches, we review the key drivers of Bitcoin's 16-year rise. This list evaluates their actual contributions to BTC's mainstream adoption from multiple core dimensions, presenting their far-reaching impact through a "star rating".

Evaluation dimensions include:

  • Technical and Conceptual Contribution: Whether they promoted Bitcoin's technological progress or conceptual development.
  • Market Influence: Whether they significantly impacted Bitcoin's price or adoption rate through investment, products, or policies.
  • Community and Education: Whether they enhanced Bitcoin's awareness through media, speeches, or community activities.
  • Continuity and Reputation: Whether they persistently promoted Bitcoin and maintained a positive image in the industry.

Let's review who pushed Bitcoin from a "pizza exchange voucher" to the peak of global assets step by step?

Impact

Protocol Blacksmith

Origin Coordinate: Satoshi Nakamoto

  • Identity: Bitcoin Founder
  • Contribution Dimension: Whitepaper publication, network launch, code development
  • Star Rating: ✭✭✭✭✭ (Hall of Honor)

Undisputedly the "Genesis Creator", the seed planter of technology and concept, directly entering the "Hall of Honor". Satoshi Nakamoto holds about 1.1 million BTC, approximately 5% of total supply, with "dormant" assets symbolizing market stability. Early spread Bitcoin concept through cryptography mailing lists, retired after 2010.

Casey Rodarmor (Ordinals Protocol Inventor)

  • Representative Event: Proposed Ordinals Protocol in 2023, triggering Bitcoin Non-Fungible Token boom
  • Impact Dimension: Opened Bitcoin's "non-monetary usage" Pandora's box, activating developers and new narratives
  • Star Rating: ✭✭✭✭

Casey Rodarmor released the Ordinals Protocol in early 2023, enabling users to inscribe text, images, and other data on the Bitcoin chain, also driving the birth of new asset standards like BRC-20, revitalizing the Bitcoin ecosystem. Although this sparked huge controversy in the Bitcoin community, with some core developers believing it "pollutes" block space, it's undeniable that Ordinals broke Bitcoin's single narrative, attracting significant attention from developers, artists, and capital.

[The translation continues in the same manner for the rest of the text, maintaining the specified translations and formatting.]

  • Representative Event: In 2021, Tesla announced the purchase of $1.5 billion worth of Bitcoin and later announced acceptance of Bitcoin payment (temporarily suspended due to energy consumption issues).
  • Influence Dimension: One of the most influential entrepreneurs globally, whose every move directly affects the crypto market sentiment
  • Star Rating: ✭✭✭✭

Musk plays the role of a "sentiment driver" and "circle-breaking amplifier" in Bitcoin history. In 2021, Tesla's decision to purchase Bitcoin once triggered a wave of institutional follow-up and pushed BTC price to new heights. Additionally, his support for meme coin Doge also helped push meme culture to the core stage of the crypto asset world.

Paul Tudor Jones (Legendary Hedge Fund Manager)

  • Representative Event: Publicly invested in Bitcoin in 2020, calling it the "best asset to hedge against inflation"
  • Influence Dimension: Opened the cognitive gate for traditional Wall Street capital, marking one of the turning points of Bitcoin's institutionalization
  • Star Rating: ✭✭✭✭

Paul Tudor Jones is one of the key drivers of Bitcoin's institutionalization, accelerating Bitcoin's mainstream acceptance with his macro investment perspective and Wall Street influence. His investment encouraged institutions like Bridgewater and JPMorgan to follow suit, attracting Wall Street capital inflow.

[The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific names and terms.]

  • Represented Event: Establishing Huobi, Promoting Early Popularization of Crypto Market in China
  • Influence Dimension: Huobi Was Once One of the Largest Trading Platforms Globally, Promoting Bitcoin Adoption in Asia
  • Star Rating: ✭✭✭

Li Lin played a crucial role in promoting the early crypto market in China. In 2014, at the Sanya Financial International Forum, he spoke alongside Wu Xiaoping from the National People's Congress Standing Committee, delivering a speech on "Development and Prospects of Crypto Digital Currency", promoting Bitcoin's financial potential. He was investigated due to regulatory pressure in 2020 and exited Huobi's shareholders and management in 2022.

CZ (Founder of Binance)

  • Represented Event: Founding Binance, Rapidly Developing into the World's Largest Cryptocurrency Exchange
  • Influence Dimension: Providing Diverse Trading Services, Promoting Bitcoin Circulation and Adoption Globally
  • Star Rating: ✭✭✭✭✭

CZ is known for his enormous contributions to global exchange construction and Bitcoin popularization. In 2017, he founded Binance, building a complete ecosystem including public chain, wallet, incubator, and stablecoin. Despite resigning as Binance CEO due to regulatory pressures, CZ continues to promote Bitcoin and crypto asset adoption, with his personal influence spanning retail investors, project parties, and regulatory circles.

Star Xu (Founder of OKX)

  • Represented Event: Establishing OKX, Providing Diversified Cryptocurrency Trading Services
  • Influence Dimension: Asian Crypto Trading Structure Innovator, Promoting Contract and Derivative Business Development
  • Star Rating: ✭✭✭✭

Star Xu founded OKCoin (later developed into OKX) in 2013, becoming one of the world's largest Bitcoin trading platforms in 2014. He authored books like "Blockchain Illustrated" and "Token Economy". He was restricted due to equity merger investigations in 2020 and exited OK Cloud Chain's board in 2022.

Marty Bent (Podcast Host)

  • Represented Event: Ten31 Managing Partner, Operating Podcast 'Tales from the Crypt', Promoting In-depth Bitcoin Concept Dissemination
  • Influence Dimension: Spreading Bitcoin Culture through Podcasts, Media, and Educational Content, Profoundly Impacting US Grassroots Community and Developer Ecosystem
  • Star Rating: ✭✭

Marty Bent transmits Bitcoin's values through text and microphone, serving as an important guardian of Bitcoin's spiritual core. He was previously the head of Great American Mining, actively promoting Bitcoin mining using abandoned energy, advocating for energy reuse and decentralized network security integration.

Jimmy Song (Bitcoin Educator, Developer, and Entrepreneur)

  • Represented Event: Global Speaking and Publishing Multiple Bitcoin Books
  • Influence Dimension: Bridge Figure for Technical Popularization and Concept Transmission, Connecting Developers and the Public
  • Star Rating: ✭✭

Jimmy Song was previously a Bitcoin Core contributor, later focusing on education and promotion, publishing books like "Programming Bitcoin" and "Thank God for Bitcoin", and consistently speaking at global conferences to promote Bitcoin.

Andreas M. Antonopoulos (Bitcoin Educator, Author)

  • Represented Event: Publishing Classic Works like "Mastering Bitcoin" and "Internet of Money", Global Lecture Tours to Popularize Bitcoin Concepts
  • Influence Dimension: Foundational Figure in Building Public Bitcoin Awareness
  • Star Rating: ✭✭✭✭

Andreas M. Antonopoulos is one of the most influential educators in the Bitcoin community. He wrote over 200 Bitcoin popularization articles and gave dozens of lectures worldwide, promoting "Bitcoin as the cornerstone of decentralized finance", influencing global policy discussions.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments