15 years ago: Bitcoin hit $1. Today: Market lost $15 trillions. Get 30% OFF with code BTCOFFER30
15 Years Ago Today: The $1 Bitcoin Milestone
Exactly 15 years ago today, on February 9, 2011, Bitcoin made history by reaching parity with the US Dollar for the first time. On the now-defunct Mt. Gox exchange, one Bitcoin equaled exactly one Dollar.
From that humble $1.00 beginning, we have witnessed perhaps the greatest financial story of our lifetime. Bitcoin has climbed the "Wall of Worry," smashing through skepticism to reach a staggering All-Time High of $126,000. Why does this matter today? Because it gives us perspective. While the last two weeks have been volatile, the 15-year chart shows an asset that has matured from a digital experiment into a global standard.
As we reflect on this journey, it is important to understand the context of the recent market moves. Here is the breakdown of what happened last weeks and why the long-term thesis remains intact.
Last week: Bitcoin hits $60k, Gold resets, and the "Great Repricing" explained.
If you have been watching the charts last weeks, you know it has been a historic moment for global finance.
In the last weeks, we have witnessed a rare "all-asset" correction. From precious metals to the S&P 500 and crypto, the markets have moved in lockstep.
Let’s look at the data behind the headlines to understand exactly what happened over the last two weeks.
The Numbers: A $15 Trillion Repricing
Since late January, an estimated $15 trillion in value has been wiped from global markets. Here is the breakdown of where capital moved:
- Precious Metals ($10 Trillion Loss): In a historic move, Gold and Silver saw their sharpest decline since 1980, erasing nearly $10 trillion in market cap.
- Big Tech ($2.5 Trillion Loss): Major indexes like the Nasdaq stumbled as investors questioned the massive spending on AI infrastructure without immediate returns.
- Crypto Markets: Bitcoin touched an intraday low of $60,008 today (Feb 6), erasing the post-election rally before stabilizing around $65,000.
The "Why": Three Major Factors
Why did assets that usually move in opposite directions fall at the same time? Analysts point to a combination of an overheated market and specific triggers:
1. An Overheated Rally (The Setup)
The markets were running too hot. Before this drop, almost every asset class was priced for perfection. When markets become this "overextended," a pullback is often technically necessary to reset valuations.
2. The "Warsh Shock" (The Trigger)
The nomination of Kevin Warsh as the new Fed Chair signaled a potential shift in monetary policy. Markets immediately priced in "tougher money" policies (higher real yields), causing a rotation out of non-yielding assets like Gold and Bitcoin.
3. The Leverage Flush (The Mechanism)
High leverage triggered a "liquidity rupture." Large funds were forced to sell their most liquid assets - like Bitcoin and Tech stocks - to cover positions, deepening the drop.
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Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Cryptocurrency values are subject to market fluctuation. This discount applies solely to the Paybis service fee. Payment processing fees and any other applicable charges are excluded from this discount.
