Saturday, November 6, 2021

A Bitcoin Timeline

I'll be talking about the most interesting events in BTC's history. Feel free to add to the list in the comments. Hope you enjoy learning about its history:

- 2009:

$0.0007

  • 3-Jan – Satoshi Nakamoto gives birth to BTC;
  • 5-Oct – First-ever BTC/USD exchange rate. BTC rated at $0.0007;

- 2010 - :

($0,008 - $0.29)

  • 22-May – First BTC purchase ever. Guy bought 2 Papa John’s pizzas for 10,000 BTC;
  • 7-Jul - Satoshi launches BTC v0.3. The following week BTC jumps from $0.008 to $0.08;
  • 8-Aug – 92 billion BTC are created due to an exploit;

- 2011:

($0.30 - $4.72)

  • 9-Jan – BTC reaches US$1;
  • 23-Apr – Satoshi disappears from the internet;
  • 15-Aug – BTC breaks $10;
  • 20-Oct – BTC falls back below $3;

- 2012:

($5.27 - $13.51)

  • 18-Jul – BTC rises back to $9 for the first time in almost a year;
  • 16-Nov – WordPress becomes first major company to accept BTC as payment;
  • 28-Nov – First halving happens. The reward for mining new blocks is cut by 50%;

- 2013:

($13.28 - $754.76)

  • 11-Mar – A bug in version 0.8 causes chaos. 2 different versions run at the same time;
  • 1-Apr – BTC breaks $100 for the first time;
  • 11-Apr – BTC falls from $228.94 to $68.09;
  • 1-May – Forbes journalist lives on BTC for a week. It actually goes well;
  • 30-Oct – BTC falls from $127 to $85 after Silk Road is seized;
  • 20-Nov – China declares to support BTC. They promise a long-term adoption; lol
  • 5-Dec – China bans BTC; lol x2

- 2014:

($770.44 - $319.70)

  • 31-Jan – China resumes trading BTC; lol x3
  • 6-Mar – Forbes suggests Satoshi is Hal Finney, who died in 2014;
  • 26-Mar – Just like China, the US decided that BTC is not a currency, but property;

- 2015:

($313.92 - $430.05)

  • 4-Feb – BTC is now being accepted by over 100,000 retailers;
  • 16-Jun - Prices sitting between $220 and $240;
  • 18-Sep - BTC is classed as a commodity in the US;

- 2016:

($433.59 - $960.47)

  • 4-Mar – The Japanese government recognizes BTC as a real currency;
  • 26-Apr – BTC reaches $467;
  • 9-Jul – Second-ever halving. Another 50% cut;
  • 9-Nov – Trump is elected. BTC price spikes by 5%;

- 2017:

($997.69 - $12,629)

  • 3-Jan – BTC breaks $1,000;
  • 9-Feb – China blocks people from using BTC;
  • 1-Apr – Japan recognizes BTC as legal tender;
  • 3-May – Russia suggests legalizing BTC;
  • 20-Jun – BTC goes from $930 to $2,740;
  • 17-Jul – John McAfee says he will eat his d**k if BTC doesn’t reach 500k in 3 years;
  • 1-Aug – BTC splits into 2 separate versions. BTC and BCHUSD;
  • 11-Sep – China orders the closure of all BTC and crypto exchanges;
  • 25-Oct – BTC splits again. Creating BTGUSD (Bitcoin Gold);
  • 28-Oct – Swiss national railway starts selling BTC;
  • 30-Nov – BTC breaks $10k.
  • 18-Dec – BTC hits $20,000. Closes the day at an all-time high of $19,783.06. And DeFi is born;
  • 28-Dec – South Korea suggests shutting down crypto exchanges;

- 2018:

($13,412 - $3,740)

  • 1-Jan – China totally bans all BTC. Price falls from $10k to $6,9K;
  • 26-Mar – Twitter bans all crypto adverts;
  • 14-Aug – BTC falls to $5,880;

- 2019:

($3,869 - $7,234)

  • 3-Jan – BTC turns 10;
  • 21-Jun – BTC goes back to $10K, hitting $13,880 on June 26;
  • 12-Jul – Trump says BTC is based on thin air. Price falls from $12k to $9k;
  • 24-Oct – China shows support. Xi Jinping says he wants to invest in crypto;
  • 22-Nov – China’s central bank launches a crackdown on crypto;

- 2020:

($7,188 - $28,956)

  • 2-Feb – Twitter launches a BTC emoji;
  • 5-Feb – Warren Buffet gets his first BTC;
  • 6-Mar – Coronavirus drops BTC from $8K to $5K;
  • 11-May – Third halving happens;
  • 6-Jul – It's revealed that the Pentagon created a game where kids are recruited and paid in BTC to fight the establishment;
  • 20-Jul – 11.4 million BTC are being held by long-term investors;
  • 21-Jul – Value of both Eth and DeFi tokens is higher than that of BTC;
  • 22-Jul – US banks can now hold BTC on behalf of clients;
  • 27-Jul – BTC breaks $10K again;
  • 28-Sep – BTC reaches 88% capacity. Miners created more than 18.5M BTC of the total 21M limit;
  • 21-Oct – PayPal accepts BTC, sending it to $12,000;
  • 5-Nov – BTC hits a high of $15,770. A 100% increase on the year;
  • 16-Dec – BTC breaks $20K. $24K on Dec 21 and $26K on Dec 26;

- 2021:

($29,391 - $100,000???)

  • 8-Jan – BTC smashes through the $30K barrier and goes to $42K days later;
  • 11-Jan – BTC falls back to $35K;
  • 28-Jan – Elon musk adds #bitcoin to his Twitter profile. Price rises 10%;
  • 8-Feb – Elon Musk announces buying $1.5 billion in BTC. BTC rises to $48K;
  • 16-Feb – BTC breaks $50k;
  • 19-Feb – BTC breaks $1 trillion market cap;
  • 17-Mar – The US government sells 0.75 BTC (They own 30,000 BTC);
  • 24-Mar – You can now buy Teslas with BTC;
  • 29-Mar – Visa says they will now allow the use of crypto. Price goes up 3.24%;
  • 13-Apr – BTC hits $63,000;
  • 12-May – Elon Musk abandons BTC. Tesla will no longer accept BTC.
  • 19-May – China bans financial institutes from offering crypto-related services;
  • 24-May – BTC falls to $35K after so many obstacles;
  • 7-Jun – El Salvador says announces it could make BTC their legal tender;
  • 15-Jun – Elon Musk tweets that Tesla could start accepting BTC again, causing a 6% increase in BTCs price;
  • 22-Jun – BTC plummets after China bans crypto-mining, causing BTC to crash to $30K;
  • 27-Jul – BTC hits $40K for the first time in over a month after rumors that Amazon would start accepting BTC;
  • 2-Aug – BTC bounces back to $43k after Germany makes moves towards crypto adoption;
  • 16-Aug – BTC breaks $48K, hitting a market cap of $2 trillion;
  • 23-Aug – BTC hits $50k;
  • 27-Aug – After breaking $50K BTC falls back to $46K;
  • 2-Sep – El Salvador approves a $150 million BTC trust. On Sep 7 El Salvador becomes the first country to adopt BTC as legal tender;
  • 14-Sep – MicroStrategy adds a quarter of billion dollars to their wallets;
  • 17-Sep – BTC forms the ‘golden cross’, which means BIG GAINZ;
  • 21-Sep – Evergrande crisis makes BTC sink to below $43K;
  • 27-Sep – China bans all crypto mining and transactions;
  • 28-Sep – Even after China’s ban and the Evergrande crisis BTC still holds at $40k;
  • 6-Oct – BTC bounces back to $50k;
  • 13-Oct – BTC signals a bear market after a 25% increase since October;
  • 14-Oct – The US is now the biggest BTC mining hub;
  • 20-Oct – BTC hits $64K;
  • 21-Oct – BTC hits a record, with a market cap of $2.7 trillion;
  • 22-Oct – Binance’s CEO warns high volatility in the next few months after a flash crash;
  • 4-Nov – JP Morgan doubles down on BTC replacing gold ($146K);

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