Exactly 10 years ago, Forbes called Bitcoin the “MySpace of money“ and said it is “destined to die“, back then the price was just $100 and the rest is history.

There is nothing better than waking up early in the morning and just seeing how wrong the very mainstream media, that today calls Bitcoin dead at literally every slight 5% dump, was 10 years ago or even more. Back then when BTC could have literally made you a millionaire or even billionaire if you had bought just a pocket-change of it.

Well, the mainstream media even back then did not knew what Bitcoin could be about, which is ironic that they were one of the first ones to know about it and were still just so wrong…

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Article of the Forbes from 2013 comparing Bitcoin to MySpace. (picture from Pete Rizzo on X)

Here we have an article from Forbes that was published about exactly 10 years ago, where they were calling Bitcoin the “MySpace of money“ and saying that it was “destined to die“, just classic Forbes. For those who don‘t know MySpace, it was the first social media network and achieved massive fame, but due no new features and cash problems and increasing competition by Facebook and Twitter it quickly came to a fall.

So it is also pretty dumb to compare a social media company with a digital currency.

Now apparently Bitcoin was the same in 2013, back then the BTC price was just $100 and I think we all know what happened afterwards and how this is another example that people back then should have tried to understand BTC instead of simply laughing it off.