🔹 Origin:
On October 31, 2008, an unknown person named Satoshi Nakamoto published a research paper titled:
"Bitcoin: A Peer-to-Peer Electronic Cash System"
The network was officially launched on January 3, 2009, with the mining of the first block in the blockchain known as the "Genesis Block".
🔹 Launch Price:
The first recorded price of Bitcoin was around $0.003 (meaning $1 could get you more than 300 Bitcoins!)
In May 2010, a person named Laszlo bought pizza for 10,000 Bitcoins – the first real purchase – and this event is celebrated every year as Bitcoin Pizza Day.
📉 Crashes and Collapses:
2011 – First Sharp Decline:
The price rose from less than $1 to $31, then quickly dropped to just $2.
2013 – The Chinese Rise and Collapse:
It reached $1,000 for the first time, and then due to issues with Mt.Gox (the largest trading platform at the time), the price fell below $200.
2017 – The Mass Madness:
Bitcoin reached $19,800 for the first time, but in 2018 it lost more than 80% of its value and fell below $4,000.
2021 – New Peak:
Bitcoin reached its highest price in history of about $69,000 in November 2021, but then dropped to levels around $16,000 in 2022 during the crypto winter.
🚀 Development and Transformation:
It was recognized as legal tender in El Salvador in 2021.
Major companies like Tesla and MicroStrategy began to hold it as part of their assets.
Its blockchain remains the strongest and most secure.
It began to be seen as "digital gold" and a hedge against inflation.