Satoshi Nakamoto unveils Bitcoin, a digital currency promising decentralization and transparency. The world is skeptical, but a small community of cypherpunks got intrigued.
Programmer Laszlo Hanyecz makes the first real-world Bitcoin transaction, buying two pizzas for a staggering 10,000 BTC. While the price seems absurd today, it highlights Bitcoin's early potential.
Bitcoin gains notoriety as the currency of choice on Silk Road, an illegal online marketplace. Mt. Gox, the leading Bitcoin exchange, is hacked, leading to a massive price crash and shaking investor confidence.
The financial crisis in Cyprus leads to a surge in Bitcoin adoption as people seek alternatives to traditional systems. Regulatory scrutiny began, with governments grappling with this new financial phenomenon.
Bitcoin experiences a meteoric rise in price, fueled by mainstream media attention and increased investment. The "cryptocurrency gold rush" attracts millions, pushing the price towards $20,000.
The bubble bursts, and the price crashes dramatically. Many lose faith, but the core community remained committed, building infrastructure and development during the "crypto winter."
The third halving event occurred potentially impacting supply and price in the long term. The COVID-19 pandemic brought renewed interest in digital assets as safe havens.
The launch of Bitcoin ETFs opened the door for institutional investment, further legitimizing Bitcoin and potentially driving future price growth. Major companies like Tesla and PayPal embraced Bitcoin, boosting mainstream adoption.
Bitcoin continued its volatile journey, influenced by various factors like geopolitical events, regulations, and technological advancements. Innovation within the blockchain space like DeFi, NFTs, and other applications brought new use cases and potential disruptions.