*Bitcoin / BTC History* đ
*1. The Beginning - Satoshi Era*
- *31 Oct 2008*: Satoshi Nakamoto published the "Bitcoin Whitepaper" - a peer-to-peer electronic cash system.
- *3 Jan 2009*: Bitcoin network launched. The Genesis Block was mined.
It included the message: _"Chancellor on Brink of Second Bailout for Banks"_ â a statement against traditional banking.
- *12 Jan 2009*: First transaction. Satoshi sent 10 BTC to Hal Finney.
*2. Early Days - When BTC Was Worth Nothing*
- *2009-2010*: Price was basically $0. No exchanges existed.
- *May 22, 2010 - "Bitcoin Pizza Day"*: 10,000 BTC were paid for 2 pizzas. This was the first real-world purchase with Bitcoin.
Today those pizzas would be worth hundreds of millions.
- *Oct 2009*: Exchange rate was 1 USD = 1,309 BTC.
*3. Growth & Market Cycles - âŒ4 Year Halving Cycles*
Bitcoin "halves" every 210,000 blocks. Mining rewards drop 50%, which cuts new supply. Each halving has historically been followed by big price runs.
*Key Price Milestones:*
**Year** **Event / Price**
**2011** Reached $1 parity
**Nov 2013** Hit $1,242
**Dec 2017** First major bull run to $19,783
**2018** Crashed to ~$3,200
**Mar 2021** Broke $60,000. ATH $68,789
**2022** Bear market. Fell below $20,000 due to rate hikes
**Jan 2024** US Spot Bitcoin ETFs approved
**2024** New ATH above $100,000 after the April 2024 halving
*4. Major Events*
- *2014*: Mt. Gox hack. 850,000 BTC lost. It was 70% of all trading at the time
- *2017*: China banned ICOs + exchanges. Price still hit $20K
- *2021*: El Salvador made Bitcoin legal tender
- *2024*: Spot Bitcoin ETFs launched in the US - big step for institutional adoption
*5. What Is Bitcoinâs Core Idea?*
Decentralized, digital money with no central authority.
Secured by proof-of-work mining. Max supply is capped at 21 million coins.
*In short:*
From $0.0008 to over $100,000. It went through crashes, hacks, bans, and hype cycles. But each cycle brought more adoption, better infrastructure, and more legitimacy.
#GlobalStocksNearRecordHighs
*1. The Beginning - Satoshi Era*
- *31 Oct 2008*: Satoshi Nakamoto published the "Bitcoin Whitepaper" - a peer-to-peer electronic cash system.
- *3 Jan 2009*: Bitcoin network launched. The Genesis Block was mined.
It included the message: _"Chancellor on Brink of Second Bailout for Banks"_ â a statement against traditional banking.
- *12 Jan 2009*: First transaction. Satoshi sent 10 BTC to Hal Finney.
*2. Early Days - When BTC Was Worth Nothing*
- *2009-2010*: Price was basically $0. No exchanges existed.
- *May 22, 2010 - "Bitcoin Pizza Day"*: 10,000 BTC were paid for 2 pizzas. This was the first real-world purchase with Bitcoin.
Today those pizzas would be worth hundreds of millions.
- *Oct 2009*: Exchange rate was 1 USD = 1,309 BTC.
*3. Growth & Market Cycles - âŒ4 Year Halving Cycles*
Bitcoin "halves" every 210,000 blocks. Mining rewards drop 50%, which cuts new supply. Each halving has historically been followed by big price runs.
*Key Price Milestones:*
**Year** **Event / Price**
**2011** Reached $1 parity
**Nov 2013** Hit $1,242
**Dec 2017** First major bull run to $19,783
**2018** Crashed to ~$3,200
**Mar 2021** Broke $60,000. ATH $68,789
**2022** Bear market. Fell below $20,000 due to rate hikes
**Jan 2024** US Spot Bitcoin ETFs approved
**2024** New ATH above $100,000 after the April 2024 halving
*4. Major Events*
- *2014*: Mt. Gox hack. 850,000 BTC lost. It was 70% of all trading at the time
- *2017*: China banned ICOs + exchanges. Price still hit $20K
- *2021*: El Salvador made Bitcoin legal tender
- *2024*: Spot Bitcoin ETFs launched in the US - big step for institutional adoption
*5. What Is Bitcoinâs Core Idea?*
Decentralized, digital money with no central authority.
Secured by proof-of-work mining. Max supply is capped at 21 million coins.
*In short:*
From $0.0008 to over $100,000. It went through crashes, hacks, bans, and hype cycles. But each cycle brought more adoption, better infrastructure, and more legitimacy.
#GlobalStocksNearRecordHighs