Bitcoin and cryptocurrencies are still finding their feet after exploding into the public consciousness throughout 2017, when the bitcoin price ballooned from under $1,000 at the beginning of the year to over $20,000 by December—before collapsing spectacularly over the course of 2018.
Bitcoin prices have swung wildly since then, dropping as low as $3,000 per bitcoin before rising suddenly at the beginning of this month to over $5,000—gains that bitcoin, and the wider cryptocurrency market, have so far held on to.
Bitcoin and cryptocurrency’s biggest challenge remains the development of applications and user adoption and it’s the people involved in that, that are widely expected to push the bitcoin price onwards eventually.
Now, the hosts of popular bitcoin and cryptocurrency podcast Coin Talk Aaron Lammer and Jay Caspian Kang have compared the respected chief executive of the world’s largest crypto exchange Binance, Changpeng Zhao (CZ), to the creator of Facebook, Mark Zuckerberg—the man who brought social networking to the mainstream.
When Mark Zuckerberg first launched Facebook it was considered a niche and exclusive social network, available only to U.S. university students before opening its digital doors to the wider public.