You’ve probably heard of Bitcoin. Maybe you’ve even heard of it being used as a currency. But have you heard about the history of Bitcoin?
It’s actually a pretty interesting story. In this article, you will learn about the history of Bitcoin in just 5 minutes. If you want to learn more about this cryptocurrency, read on to find out more.
Bitcoin was created in the year 2009 by an unknown computer programmer, as an alternative digital currency to government-issued money. The first ever transaction ever made with Bitcoin was actually conducted in January of 2010. The transaction value was 10 bitcents and was sent from the owner of the computer that created Bitcoin, Satoshi Nakamoto, to Hal Finney. Finney was then sent the equivalent of 8 more bitcoins through a third party along with a note that read “to the sender, a total of 10 bitcoins have been donated.” This initial transaction set the stage for what was to come in the future.
On May 22, 2011, the very first ever transaction ever made with Bitcoin took place. This transaction consisted of 1 whole coin that was sent from the owner of the computer that created Bitcoin, Satoshi Nakamoto, to an email address.
On June 17, 2017, Bitcoin crossed the $2,000 mark for the first time ever. On that same day, the cryptocurrency hit a high of $2,211. This was the first time that Bitcoin ever reached $2,000. A day later, on June 19, Bitcoin once again hit $2,000 for the first time. This was something that hadn’t happened since November of 2013. At the same time, Bitcoin’s price was on a continuous rise. By the end of the month, Bitcoin had reached a high of $2,919.
On December 10, Bitcoin was trading at a low of $1,969 and hit a low of $1,914 on that same day. What made this price drop even more interesting was that Bitcoin had just hit a high of $2,919 the day before. This was the first time that Bitcoin had ever fallen below $2,000. At this point, Bitcoin had experienced two price drops in less than a month. It wasn’t until January 2018 when Bitcoin hit its lowest point of $1,914 that the price of Bitcoin started to rise.
In the year 2010, a programmer under the pseudonym Satoshi Nakamoto created the very first version of Bitcoin. This was the very first time that anyone had ever created a decentralized digital currency. In the years that followed, a number of other cryptocurrencies were created. However, Bitcoin remained the most popular of all. As of now, in the year 2019, Bitcoin is still around and still trading at a price of $3,578. This is a 50% gain from its low of $1,914 in January of 2018. It’s also a 50% gain from its low of $1,969 in December of 2017. If you’re interested in investing in cryptocurrencies, you may want to check out this website.
That was the history of Bitcoin in 5 minutes. If you want to learn more about this cryptocurrency, you should definitely read our Bitcoin review. It’s likely that it will give you a whole lot to think about.
2010 – Bitcoin is Born
Bitcoin was created in the year 2009 by an unknown computer programmer, as an alternative digital currency to government-issued money. The first ever transaction ever made with Bitcoin was actually conducted in January of 2010. The transaction value was 10 bitcents and was sent from the owner of the computer that created Bitcoin, Satoshi Nakamoto, to Hal Finney. Finney was then sent the equivalent of 8 more bitcoins through a third party along with a note that read “to the sender, a total of 10 bitcoins have been donated.” This initial transaction set the stage for what was to come in the future.
2011 – The Very First Bitcoin transaction ever made
On May 22, 2011, the very first ever transaction ever made with Bitcoin took place. This transaction consisted of 1 whole coin that was sent from the owner of the computer that created Bitcoin, Satoshi Nakamoto, to an email address.
June 22, 2017 – Bitcoin peaks
On June 17, 2017, Bitcoin crossed the $2,000 mark for the first time ever. On that same day, the cryptocurrency hit a high of $2,211. This was the first time that Bitcoin ever reached $2,000. A day later, on June 19, Bitcoin once again hit $2,000 for the first time. This was something that hadn’t happened since November of 2013. At the same time, Bitcoin’s price was on a continuous rise. By the end of the month, Bitcoin had reached a high of $2,919.
December 10, 2017 – Bitcoin trough
On December 10, Bitcoin was trading at a low of $1,969 and hit a low of $1,914 on that same day. What made this price drop even more interesting was that Bitcoin had just hit a high of $2,919 the day before. This was the first time that Bitcoin had ever fallen below $2,000. At this point, Bitcoin had experienced two price drops in less than a month. It wasn’t until January 2018 when Bitcoin hit its lowest point of $1,914 that the price of Bitcoin started to rise.
Bottom line
In the year 2010, a programmer under the pseudonym Satoshi Nakamoto created the very first version of Bitcoin. This was the very first time that anyone had ever created a decentralized digital currency. In the years that followed, a number of other cryptocurrencies were created. However, Bitcoin remained the most popular of all. As of now, in the year 2019, Bitcoin is still around and still trading at a price of $3,578. This is a 50% gain from its low of $1,914 in January of 2018. It’s also a 50% gain from its low of $1,969 in December of 2017. If you’re interested in investing in cryptocurrencies, you may want to check out this website.
That was the history of Bitcoin in 5 minutes. If you want to learn more about this cryptocurrency, you should definitely read our Bitcoin review. It’s likely that it will give you a whole lot to think about.
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