The Bitcoin (BTC) Timeline

Released on : 2021-11-27

2008
- The domain name bitcoin.org was registered
- Satoshi Nakamoto, the mysterious designer of the BTC published an article “Bitcoin: A Peer to Peer Electronic Cash System”
2009
- In the first BTC transaction Nakamoto sent 10 BTCs to a programmer
2010
- A monetary value was attached to the BTC. A user swaps 10,000BTCs for just two pizzas at Papa John’s
- Jeff Garzik – the BTC developer noted a 184bn BTC transaction confirming that the bitcoin was hacked
2011
- Rival Cryptocurrencies such as Litecoin, Namecoin and Swiftcoin emerged
2012
- In a US drama, The Good Wife, one of the episodes was titled as ‘Bitcoin for Dummies’
2013
- Ban on cryptocurrencies in Thailand
- Germany defers accepting cryptocurrencies as an official currency
- People’s Bank of China prohibits financial institutions using BTC
- 1^st BTC ATM was launched in Waves Coffee Shop, Vancouver, Canada
2014
- Cryptocurrencies exchange Mt. Gox of Japan files bankruptcy
- Biggest crash in cryptocurrencies with BTC losing 86% market worth.
- Microsoft allows its users to buy games with cryptocurrencies
2015
- More cryptocurrencies such as Ethereum, Coinbase and Bitstamp emerged
- European Union based cryptocurrency exchange Bitstamp got hacked
2016
- The number of BTC ATMs rose to 900
- Uber in Argentina started accepting BTC payments
- Ethereum splits into Ethereum and Ethereum Classic
2017
- BTC splits into BTC and BTC Cash
- Japan declared BTC as a legal payment system
- Norway also accepted BTC as an investment asset and a valid payment system
- BTC became more valuable than 1 ounce of Gold
- Over 1000 cryptocurrencies listed
2018
- European countries framed cryptocurrencies regulations
- Samsung confirmed making chips to mine coins
- cryptocurrencies hit highest market worth ever ($824bn)
- One of the biggest crashes in cryptocurrencies from the highs.
- 84% capital erosion in BTC lowering cryptocurrencies’ market worth to $186bn
2019
- Around 70% financial experts believed that cryptocurrencies can not vanish and they will stay in the market for a long time
- 100% recovery in BTC from 2018 lows
2020
- BTC hits new all-time highs in December
2021
- BTC hits new all-time high of $69000, which is 230% above 2017 highs
- BTC market cap reaches $1.149trillion
- Cryptocurrencies continue to grow popularity
- A Draft Bill to regulate cryptocurrencies has been introduced in the Indian Parliament

Suggestions

TIRED OF POOR STOCK SELECTION? START INDEX INVESTING

2022-01-20

Stock selection could be a cumbersome task for investors. You can get rid of this task by index investing and still making returns equivalent to the i

ETF 101

2022-01-15

In this article, we will be covering everything above ETFs

A RATIONAL PATH FOR NEW TRADERS

2022-01-12

In this article we will discuss a more rational approach for the survival of new retail traders.