Unsurprisingly, bitcoin's price plunged with the incident, which resulted in Mt. Gox filing for bankruptcy.
"It was that fourth or fifth time that I was like, wow, this is going to survive," Ryan said."Its decentralized architecture is what allows it to do so. And for me, that's when it became really investable.
"We have a moniker Satoshi Nakamoto, but we really don't know who started it. It got mined into existence," he said."Anybody who knew about it in a free-market approach could have mined Bitcoin and gotten it. It didn't have a price for a long time. Ultimately, the market set price discovery."
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