Recently, a Bitcoin testimony video from 7 years ago unexpectedly became the focus. Trump shared this video on social media, calling it "the most brilliant explanation of Bitcoin ever." This inevitably raises the question, what kind of testimony could receive such high praise?

This testimony dates back to October 11, 2018, at a hearing held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The topic at the time was "Exploring the Cryptocurrency and Blockchain Ecosystem."

The statement was made by Peter Van Valkenburgh, who was the Research Director at Coin Center at the time. Coin Center is an independent non-profit organization focused on researching policy issues affecting cryptocurrency and public blockchain networks.

At the hearing, Van Valkenburg introduced the concept of Bitcoin to Chairman Crabbe, Congressman Brown, and other committee members. Although the specific details were not disclosed, based on Trump's comments, this explanation was clearly insightful and left a deep impression.

It is worth noting that although this testimony has been around for seven years, its renewed attention indicates that the understanding and comprehension of cryptocurrencies such as Bitcoin is still an ongoing process. Even today, it remains important to clearly and succinctly explain the essence and potential of Bitcoin.

This event also reflects that early discussions and insights in the cryptocurrency field may continue to exert influence in the future. As the digital asset market continues to evolve, we may see more similar "classic" explanations being re-evaluated and revered.

For those interested in cryptocurrency, reviewing these early discussions may provide valuable insights. It not only helps to understand the basic concepts of Bitcoin but also allows us to understand the development trajectory of this technology over the past few years.

Although Trump's recommendation of this video has attracted widespread attention, we should also maintain an objective attitude and understand Bitcoin in the context of the current market environment and technological advancements. After all, the cryptocurrency space has undergone tremendous changes over the past seven years.