History of Bitcoin

A little History of Bitcoin

In 2008, the idea of Bitcoin was revealed. Someone named Satoshi Nakamoto published the whitepaper online. However, it was later revealed that Satoshi Nakamoto was not this person’s real name. Even today, no one knows the real name of the creator of Bitcoin!

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At the time, nobody knew that Bitcoin would become what it is today. Nobody knew that it would be the start of a huge technological movement… but it was. It was the beginning of cryptocurrencies — the beginning of a new era.

You probably know what happened next. Several years passed in which the primary use of Bitcoin was to trade goods and services on the dark web. Ever heard of Silk Road? Yeah, that’s what I’m talking about.

In 2013-14, Bitcoin grew a lot. Then, it slowed down a bit. But in 2017, the market for Bitcoin went up, up and further up. This time, it went a lot further.

In December 2017, Bitcoin reached a price of $20,000 per Bitcoin. So, anyone holding 50 Bitcoins or more became a millionaire. In January 2015, 50 Bitcoins would have cost you just $10,000. That’s a profit of $990,000! Crazy, right?!