When Satoshi Nakamoto published the article “Peer-to-Peer Electronic Cash System: Bitcoin”, he was proposing a payment method that everyone can trust. We have compiled turning points and important moments for Bitcoin from 2009, when the first Bitcoin was produced, to the present.
October 31, 2008: Bitcoin White Paper published by Satoshi Nakamoto.
January 3, 2009: The first Bitcoin block was created.
January 12, 2009: The first Bitcoin transfer took place between Nakamoto and programmer Hal Finney.
October 5, 2009: The exchange named New Liberty Standard published the first Bitcoin rate. $1 = 1,309.03 BTC
May 22, 2010: On the BitcoinTalk forum, Laszlo Hanyecz’s payment of 10,000 Bitcoin for 2 pizzas was considered the first real Bitcoin exchange. May 22 is celebrated as “Bitcoin Pizza Day” every year.
July 2010: The first Bitcoin exchange, Mt. Gox was established.
August 2010: Bitcoin market value exceeded $1 million. 1 BTC = $0.5
February 9, 2011: Bitcoin equated to the US Dollar for the first time. 1 BTC = $1
April 23, 2011: With the sale of Bitcoin in Euro and British Pound, the market value has reached around 10 Million Dollars.
June 8, 2011: Bitcoin reaches a price of $31.89.
September 27, 2012: Bitcoin Foundation established.
November 28, 2012: The 1st Bitcoin Block Reward Halving took place. Bitcoin block reward dropped from 50 BTC to 25 BTC.
March 28, 2013: Bitcoin’s market value exceeded 1 Billion Dollars.
February 2014: Mt. Gox closed due to technical problems. At the end of the month, it filed for bankruptcy protection, reporting that 744,000 Bitcoins had been stolen.
January 26, 2015: Coinbase launches in 25 states as the first regulated exchange in the US.
March 2016: Japan’s Cabinet has agreed that virtual currencies such as Bitcoin have a similar function to real money.
July 9, 2016: The 2nd Bitcoin Block Reward Halving took place. Bitcoin block reward decreased from 25 BTC to 12.5 BTC.
November 2016: The number of Bitcoin ATMs has doubled in the last 18 months to 771.
April 1, 2017: Japan accepted Bitcoin as the official payment method.
July 1, 2017: The Bitcoin blockchain was forked, creating a new cryptocurrency called Bitcoin Cash.
September 3, 2017: China bans companies from raising funds through ICOs.
October 12, 2017: JP Morgan CEO Jamie Dimon calls Bitcoin a scam.
October 15, 2017: China announced the shutdown of cryptocurrency trading platforms.
October 31, 2017: CME Group announced that Bitcoin will be opened to futures trading.
November 28, 2017: Bitcoin price exceeds $10,000.
December 11, 2017: Bitcoin futures started on the Chicago (CBOE) stock market.
December 17, 2017: Bitcoin reaches its highest value of $20,089.
January 30, 2018: Facebook bans cryptocurrency ads.
March 7, 2018: The United States, Exchanges and Securities Commission (SEC) imposed registration requirements on cryptocurrency trading platforms.
March 14, 2018: Google bans cryptocurrency ads.
March 26, 2018: Twitter announced that it will ban cryptocurrency ads.
May 2, 2018: Goldman Sachs announced that it will open a Bitcoin investment operation.
May 11, 2020: The 3rd Bitcoin Block Reward Halving took place. Bitcoin block reward dropped from 12.5 BTC to 6.25 BTC.
October 21, 2020: American payment systems company PayPal announced that it will start offering Bitcoin and cryptocurrency trading services to its users.
December 16, 2020: Bitcoin surpasses its 2017 highest price, renewing its all-time high value (ATH) record.
December 28, 2020: Bitcoin’s market cap exceeds $500 billion, surpassing Visa’s market cap.
🚀31 December 2020: The price of Bitcoin has reached 219,099 TL.
January 3, 2021: Bitcoin is 12 years old!
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