The hell year that is 2020 has wreaked havoc on life as we know it. But you know what it’s been good for? Bitcoin.
The cryptocurrency has been soaring, hitting a high of over $20,000 per coin this week. There is now more than $350 billion worth of Bitcoin in the world, an incredible appreciation for a virtual money that was worth basically nothing a decade ago.
It’s a great time to be a longtime owner of the currency, and a painful time to be a person who once spent 10.354 Bitcoin (including tip) on a dinner for strangers. Yes, that person is me.
Back in May 2013, I spent in one night what would be worth approximately $200,000 today on raw fish and shrimp tempura rolls for people I had just met. I was a reporter at Forbes magazine at the time covering technology and privacy. Bitcoin had come on my radar as a privacy-protective technology allowing people to make anonymous online purchases, kind of like paying cash in the real world. (Except it involves a huge public digital ledger…