“Why didn’t I listen to myself?”, Says influencer who promoted Bitcoin for $20 in 2011
An explanatory video about Bitcoin (BTC), published on YouTube in 2011, resurfaced on the internet after having tweeted through the Documenting Bitcoin profile. In it, the British Molly Templeton, an influencer of social networks, details the operation of cryptocurrency. At that time, Bitcoin was quoted at just $20.
However, despite knowing the asset practically from the beginning, it seems that Molly did not follow her own advice. On Twitter, she retweeted the video and asked herself, “Why didn’t I listen to myself?” Since then, Bitcoin has appreciated 247,700%, rising to the current $ 47,560.
— Documenting Bitcoin 📄 (@DocumentingBTC) February 22, 2021
In addition, the enthusiast did not elaborate on the reasons for not buying BTC. However, the negative impact of the video ten years ago may have contributed to this.
“It’s great to hear that. It all happened so long ago and the comments were so terrible that I had never heard of the good experiences people had, ”said Molly to a follower who claimed to have been influenced by her to invest in the asset.
The full video begins with an explanation of the money. “The gold standard started early in human history, due to the scarcity of metal and its divisibility,” she says. “However, it was difficult to manage gold, from an individual point of view. For this reason, governments started issuing notes that represented gold ”, she continues.
Then, she explains that countries stopped supporting their gold coins during the 20th century, which allows for unruly printing of money. This factor drives the comparison of money with Bitcoin. “Bitcoin works in a similar way to gold. It has a fixed scarcity, it is divisible and easily recognized, ” says Molly.
In the following, she explains some of the characteristics of cryptocurrency, including decentralization and the consensus mechanism. Everything is said in a simple and didactic way. In the comments, there are followers who believed they missed the best opportunity to buy digital currency. “Yay, Bitcoins. I wish I had heard about BTC a year ago … I would be rich! Rico, ”said user N.E.S. Merrill, still in 2011.