Organized 12 key nodes to understand the most legendary story in blockchain history ⏳
An article to understand the history of Bitcoin's development~"
2009-2013: Birth and Growth
📅 2009.01.03 Genesis Block
Satoshi Nakamoto mined the first block, which contains "The Times headline of the day"
Significance: Blockchain technology officially landed, Bitcoin network started (value at the time was 0)
🍕 2010.05.22 First transaction
Programmer Laszlo purchased 2 pizzas for 10,000 bitcoins (value around 25 USD at the time; calculated at 2025 prices, these bitcoins are worth over 450 million USD)
Impact: First realization of physical exchange, Bitcoin gained a price anchor
💸 2011.02 Price reached 1 USD
Bitcoin to USD exchange rate first broke 1:1, market cap reached 1 million USD
Background: Mt.Gox exchange was established, trading began to scale
🚨 2013.12 Price first broke 1000 USD
Driven by Chinese players entering the market, price soared from 10 USD to 1163 USD
Subsequent: The People's Bank of China issued a document prohibiting financial institutions from participating, price plummeted 80% within 3 months
2014-2019: Fluctuation and Growth
🏦 2014.02 Mt.Gox exchange collapsed
At that time, the largest exchange in the world, lost 850,000 bitcoins
Lesson: Birth of hardware wallets and cold storage concepts, increased security awareness
🔨 2017.08 Blockchain fork gave birth to BCH
Due to block size controversy (1MB vs 8MB), Bitcoin split into BTC (small block) and BCH (large block)
Technical Insight: Blockchain can resolve community differences through forking
🚀 2017.12 Price broke 20,000 USD
ICO boom drove speculative sentiment, Bitcoin's market cap reached 320 billion USD
Regulatory Response: Many countries announced bans on ICOs, South Korea implemented trading real-name system
2020.05 Third halving of block reward
Block reward decreased from 12.5 to 6.25 (halved every 4 years, core mechanism of deflation model)
Impact: Reduction in supply laid the groundwork for the 2021 bull market
2020-2025: Mainstreaming Attempts
2021.02 Tesla invested 1.5 billion USD
Musk announced acceptance of Bitcoin payments (later canceled due to "mining not being environmentally friendly")
Institutional Signal: Traditional enterprises entered the market on a large scale for the first time, price briefly rose to 64,000 USD
2024.01 US Bitcoin ETF approved
First spot ETF (code BITO) listed, daily trading volume exceeded 10 billion USD
Compliance milestone: Traditional financial markets formally accepted Bitcoin, retail investors could purchase through brokers
🌍 2025.06 Hong Kong included Bitcoin as a compliant asset
Permitted licensed institutions to provide trading and custody services, minimum investment threshold 10,000 HKD
What do you think the next key node for Bitcoin will be?