There are many more important dates and milestones we celebrate with Bitcoin. It talks about the journey of crypto in the market. It all started in 2008 and has come a long way to prove the most expensive digital currency in the world. If you look back at the earlier days, the money started in 2008, which resulted from the market recession. The currency came into being by the man known as Satoshi Nakamoto in the market, who gave this currency in a big way. How about checking the timeline started till it comes in 2022? The money has made big headlines in the media. We are now going to check the timeline in this article starting from the days that came in the market, while for details, you can visit the site bitcoin 360 ai for more.
The year brought Bitcoin, which was introduced in the market like a P2P system, and it came as a decentralized and transparent asset. However, the creators of Bitcoin in its whitepaper are embarrassed with the crypto that can help regulate any government.
In Jan 2009, Satoshi was the first one to create 50 BTCs with the help of the technology known as Blockchain. These were the early Bitcoins developed through the mining process. However, these BTCs were never used anywhere. Hence these 50 Bitcoins never came out in the market or were spent for anything. In the first Bitcoin transaction, Nakamoto was seen sending 10 BTCs to a computer scientist – H Finney and then remained the early adopter of the currency. He was also seen as the first person, and they were seen tweeting about the money. In the P2P BTC transactions, Satoshi came along with the early currencies in the market.
The Bitcoin trading journey started in 2010 when the currency’s value was too low. First, it was around 0.0008 USD. Then the same year, the currency’s value went to about 0.83 USD in December.
The year brought other currencies like Litecoin, which came as an alternative to the popularity of Bitcoin. It came as an online transaction between a few people and the top e-commerce companies that provided the transactions in BTC for their services.
The year gave an excellent value to Bitcoin, which touched around 250 USD. It came with a new yardstick of measurement known as mBTC or milliBitcoins, Satoshis and BTC. These are known as milli-Bitcoins and Micro Bitcoins, which are self-explanatory.
The year was big for BTC, as, by the end of 2013, the currency’s value reached its highest point, stopping at 1164 USD.
The Bitcoin price went down this year, reaching around 760 USD.
It came with extreme volatility in terms of price, causing the dropping of the currency from 760 USD to 314 USD, giving a massive 241% loss.
It was a game-changer year for the crypto market; even the BTC prices went to around 433 USD, then it touched 959 USD. As a result, Bitcoin came with a good boost of 121% in its value.
The year witnessed the currency crossing the 1K mark, and the same year, the top banking company JP Morgan CEO J Dimon, called BTC a big fraud. At this time, we saw the currency reaching 20K USD.
We saw the currency crashing once again, reaching 32K USD. The loss was around 625%.
The year BTC went to around 3.1K USD, while in mid-June of the same year, it went on touch around 10K USD going beyond expectations.
The year bounced back Bitcoin to around 18K USD by 23rd November. It came along in Bitcoin, and the growth was massive, reaching 224%, and it went on to boost to give you around the same year in 2020.
It was a roller coaster year for Bitcoin. First, it grew in March and April, reaching 40K USD. It happened when Tesla came to put a whopping 1.5 B USD in Bitcoin in Feb, and then we saw value running to 50K USD. However, in May, they started losing weight. After going to 60K plus currency, the coin went down by 50%, leading to 30K USD. It came down and again went up since August came. By November of the same year, it had almost touched 70K USD. Bitcoin was seen coming along with a whopping 69.7K USD.
The year proved terrible as we saw the coin’s price drop badly. It has currently reached around 20K USD. So now, let’s expect what comes next.