Hinne Bitcoin - BTC/USD
Bitcoin is the first cryptographic currency, and thus a pioneer that has changed the market forever. It is the most trusted and popular coin of this type, with the largest market capitalization. It is often called digital gold, as well as the currency of the future.
Bitcoin was not the first digital currency proposal, but it was the first cryptocurrency based on the P2P (Peer-to-Peer) system that achieved any market success. Block Zero, the first block in the BTC chain was created on January 3, 2009, forming the origin of the Bitcoin network. The source code was made available 6 days later by the creator, or a team of currency makers, under the pseudonym "Satoshi Nakamoto". The first Bitcoin exchange was established on October 2009 - at that time you could buy BTC 1309.02 for USD 1.
The huge breakthrough moment was the first exchange of digital currency on the exchange. On October 12, 2009, USD/BTC transactions were made and 5,050 Bitcoins were purchased for 5 dollars and 2 cents. The first rationalization of cryptocurrencies, although symbolic, revolutionized the perception of BTC in the eyes of numerous investors. Another further milestone in the history of digital currencies was the purchase of the first material property. May 22, 2010 is commonly called the "Bitcoin Day of Pizza", or the worst investment in the history of cryptocurrencies. The transaction took place in the city of Jacksonville, Florida. Two pizzas with a total value of approx. UDS 25 were purchased for 10,000 Bitcoins.
With the release of version 0.3 of the Bitcoin client, information about the digital currency spread throughout the internet. An article published on a popular technology portal presented the project to a wider audience, thanks to which the BTC/USD exchange rate increased by 900% within 5 days, reaching the price of 8 cents. The rapid increase in the price of Bitcoin encouraged more investors and initiated an annual boom period on the market. Half a year later, on February 9, 2011, the value of a Bitcoin had reached the price of one dollar. It hit a peak on June of the same year - an article published on the Gawker portal proved to be a hit, conquering the Bitcoin network and reaching a significant group of investors, helping raise the BTC price to USD 31 during the week.
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