Speaking at the Bitcoin 2025 Conference in Las Vegas, Ross Ulbricht shared personal reflections on Bitcoin’s incredible price journey—from less than $1 to over $100,000 per coin.
Ulbricht, the founder of the now-defunct Silk Road marketplace, recalled the early days of Bitcoin when the ecosystem was just beginning to form. “When I launched Silk Road, buying a whole Bitcoin would set you back less than a dollar,” he said. “Pocket change. Can you imagine that?”
He added that, at the time, the market infrastructure was minimal. “Back then there was just one exchange,” he said, referencing Bitcoin’s infancy and limited trading options.
Now, more than a decade later, Bitcoin trades above $100,000, has become a key institutional asset, and has been integrated into financial systems globally. Ulbricht’s comments struck a nostalgic note, underscoring how far the asset—and the technology behind it—has come.
Despite his incarceration, Ulbricht remains a symbolic figure in the BTC community, often cited in conversations around internet freedom, decentralization, and the early ideals of crypto.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ross-ulbricht-reflects-on-bitcoins-rise-at-btc-2025/