bitcoin History In Brief (BTC)
Bitcoin is a digital cryptocurrency that was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. Since then, it has grown in popularity and value, making it one of the most widely known cryptocurrencies.
Here is a brief timeline of the major events in Bitcoin's history:
2008: Satoshi Nakamoto publishes a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System"
2009: The Bitcoin software is released, and the first block (known as the genesis block) is mined
2010: The first real-world transaction using Bitcoin occurs when 10,000 BTC is used to purchase two pizzas
2011: The first major hack of a Bitcoin exchange occurs when Mt. Gox is breached, resulting in the theft of over 700,000 BTC
2012: The first halving event occurs, reducing the mining reward from 50 BTC to 25 BTC
2013: Bitcoin's value reaches an all-time high of over $1,000, but then crashes and loses half of its value
2014: Mt. Gox files for bankruptcy and announces that it has lost 850,000 BTC
2015: The Bitcoin Foundation, a non-profit organization dedicated to promoting the use of Bitcoin, announces that it is nearly bankrupt
2016: The second halving event occurs, reducing the mining reward from 25 BTC to 12.5 BTC
2017: Bitcoin's value reaches a new all-time high of nearly $20,000 before crashing and losing over 80% of its value
2018: The US Securities and Exchange Commission (SEC) rejects several proposed Bitcoin exchange-traded funds (ETFs)
2019: Bitcoin's value begins to recover, reaching over $10,000 by the end of the year
2020: The third halving event occurs, reducing the mining reward from 12.5 BTC to 6.25 BTC; Bitcoin's value reaches over $60,000 in April before dropping again
2021: Tesla announces that it has invested $1.5 billion in Bitcoin, and that it will accept Bitcoin as payment for its products; Bitcoin's value reaches a new all-time high of over $64,000 in April before dropping again.
Bitcoin's history is constantly evolving as it remains a highly volatile and complex cryptocurrency
Bitcoin is a first cryptocurrency