People in Runescape would gamble with money in the game and then trade it for cash in the real world. At the same time, like many online games, there was a dark underbelly as well. The goal was to purchase better weapons (or find them), uncover rare items, complete quests, and kill monsters. This world was all about taking a character and trying to level him or her up. This was a massive, multiplayer, virtual world where people could do just about anything. A Comparison to a Popular Computer Gameīack in 2001, there was a popular role-playing game (RPG) called Runescape. For many people who are familiar with the idea of virtual and digital goods, this might even feel like deja vu. There was a recent market cap rally that reached $250 billion, and while this might sound insane, it is also familiar. Cryptocurrency is getting more attention from financial markets. There has been a recent boom in the world of blockchain technology. Now, the reputation of Bitcoin has changed. The Reputation of Bitcoin Starts to Change Since then, it was known as a currency that was used to pay for illegal goods and services. At the time, people had to work with what they knew. Bitcoin didn’t have a good reputation back in 2012. After all, the goal is to buy low and sell high. This was a sentiment similar to many other traditional stocks. Many people at that time wished they had bought it early. Many people, at that time, were thinking that they missed the boat.

That year alone, Bitcoin rose from $15 per coin to $70 per coin.

Then, from 2012 to 2013, Bitcoin started to rise rapidly. The Tumultuous Yet Steady Rise of Bitcoinīitcoin has been around since 2009 however, for the first few years, many people were hesitant to jump into the waters because they weren’t sure what they were getting into.

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