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Back in 2009, Bitcoin made its debut, thanks to the mysterious Satoshi Nakamoto. On January 3rd, the very first block—known as the Genesis Block—was mined, rewarding 50 BTC. This wasn’t just any launch; it was the beginning of a financial revolution, introducing a currency free from banks and middlemen.
A few days later, on January 12th, the first-ever Bitcoin transaction took place. Satoshi sent 10 BTC to Hal Finney, a developer who believed in the project. Little did they know, this small exchange would ignite a movement that would transform the world of finance forever.
In 2010, Bitcoin took a big step toward real-world use. On May 22, programmer Laszlo Hanyecz made history by buying two pizzas for 10,000 BTC, marking the first-ever real-world Bitcoin transaction. This moment is now celebrated as Bitcoin Pizza Day every year.
Later that year, in July, the first Bitcoin exchange, Mt. Gox, was launched, making it easier to trade Bitcoin for real money. By November 2010, Bitcoin’s market cap had crossed $1 million, proving that what started as an experiment was quickly gaining value and recognition.
In 2011, Bitcoin hit a major milestone when 1 BTC became equal to $1 for the first time. This moment proved that Bitcoin was more than just an experiment. Around the same time, new cryptocurrencies like Litecoin (LTC) started emerging, inspired by Bitcoin’s success.
As Bitcoin gained traction, the Bitcoin Foundation was established to support its development. More businesses and individuals started recognizing Bitcoin’s potential, leading to its slow but steady acceptance in mainstream finance.
Bitcoin’s value soared past $1,000 for the first time in November 2013, marking a turning point in its journey. Big companies like WordPress, Expedia, and Overstock started accepting Bitcoin, proving that digital currency was here to stay.
Not everything was smooth sailing—Mt. Gox, the largest Bitcoin exchange, collapsed after a massive hack, shaking the crypto world. Despite this setback, companies like Microsoft stepped in and started accepting Bitcoin, reinforcing its long-term potential.
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