The Full Story:
The Birth of Bitcoin (2008-2009)
- October 31, 2008: Satoshi Nakamoto publishes the Bitcoin whitepaper.
- January 3, 2009: Satoshi Nakamoto mines the Genesis Block, launching the Bitcoin network.
- January 9, 2009: First open-source Bitcoin client released.
- October 5, 2009: First exchange rate published: 1 USD = 1,309.03 BTC
Early Adoption & Growth (2010-2012)
- May 22, 2010: First real-world transaction - 10,000 BTC for 2 pizzas.
- July 17, 2010: First Bitcoin exchange, Mt. Gox, launches.
- 2011: Bitcoin reaches parity with USD (1 BTC = 1 USD).
- September 2012: Bitcoin Foundation launched.
Volatility & Mainstream Attention (2013-2014)
- April 2013: Bitcoin surpasses $100.
- December 2013: China's central bank bans financial institutions from using Bitcoin.
- February 2014: Mt. Gox suspends withdrawals, later files for bankruptcy
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Legitimization & Expansion (2015-2017)
- 2015: Number of merchants accepting Bitcoin exceeds 100,000.
- May 2017: Bitcoin reaches $2,000.
Recent Developments (2018-2023)
- 2018: Bitcoin drops to $3,200
- 2019: Recovers to $13,880
- 2020: Surges to $29,000
- 2021: Hits an all-time high of $69,000
- 2022: Drops to around $16,000
- 2023: Recovers to around $38,688.75
Current land scape (2024)
January 2024: Bitcoin price is around $44,167.33
- End of 2024: Bitcoin price reaches approximately $97,279.79
Future Outlook (2025)
- Current price (as of now): $117,596.17