The Most Complete, Ultimate Timeline of Bitcoin
We like to present a comprehensive view, which takes into accounts the social-geo-politically milestones, in chronological order, to present the most complete story of how Bitcoin came to existense, and hopefully, given us a clue on where it is heading towards in the future.
Important references:- https://www.thestreet.com/investing/bitcoin/bitcoin-history-14686578
Supposedly the last Bitcoin will be mined in this year
When Bitcoin was created, it was written into its protocol that the supply of Bitcoin would be restricted to 21 million. Every 210,000 blocks that get mined, the rewards are halved. This means that the last Bitcoin won’t be mined until roughly 2140.
Bitcoin hits all time high at almost $65000
Bitcoin passes $30,000 at the beginning of January, $50,000 one month later in February, then $60,000 just one month after that in March.
Tesla bought 1.5 Billion worth of Bitcoin
This might be the early trend of corporate buying Bitcoin as put as assets in its books
Bitcoin Futures is created
Chicago exchange operators Cboe Global Markets Inc and CME Group Inc launch bitcoin futures trading, allowing professional mainstream investors to bet on the price of the digital currency.
Bitcoin Cash is born
Bitcoin Cash (BCH) is a spin-off or altcoin that was created as a hard fork of Bitcoin.
Norway's Largest Online Bank Integrates Bitcoin Accounts
Skandiabanken executives are starting to see bitcoin as an asset class for the 21st century.
Japan legalizes bitcoin
On April Fools’ Day, Japan legalizes bitcoin as a method of payment, and also require bitcoin exchanges to be subjected to anti-money laundering (AML) and know-your-customer (KYC) rules.
Ethereum is born
Ethereum is the brainchild of Vitalik Buterin, a prodigy and legendary figure, who is synonymous to the 2nd largest cryptocurrency (by market capitalisation). Ethereum is significant as it is credited for bringing the concept of smart contract into the real world.Vitalik's white paper on Ethereum is a must read for all the students of crypto. On July 30, 2015, Frontier (Ethereum 1.0) was released. It had the two most basic functions: to enable users to mine ether and run smart contracts. The purpose of the initial stage was to get the network started, so miners could set up their mining processes and developers could test their decentralized applications (DApps).
China Banned Banks from Bitcoin Transaction
Bitcoins were a "virtual good", had no legal status and should not be used as a currency. The ban was imposed because bitcoins were not backed by any nation or central authority, said the notice. However, Individuals were still free to trade in bitcoins, period.
Mt GOX files for Brankruptcy
Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan, claiming it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. Approximately 850,000 bitcoins worth about $450 million at the time was missing and presumed to be stolen.
China Banned Banks from Bitcoin Transaction
Bitcoins were a "virtual good", had no legal status and should not be used as a currency. The ban was imposed because bitcoins were not backed by any nation or central authority, said the notice. However, Individuals were still free to trade in bitcoins, period.
Bitcoins breaks $1000
Confidence grew after the US senate committee described the virtual currencies as a "legitimate financial service".
World's 1st Bitcoin ATM in Canada
An ATM that converts bitcoins to Canadian dollars and vice versa opened for business in Waves Coffee House at Howe and Smithe streets in downtown Vancouver, marking a world first. Robocoin is founded by Mark and John Russell, of Las Vegas
Coinbase is founded by Brian Armstrong
Coinbase launched out of a two bedroom apartment, by Brian Armstrong, a former Airbnb software engineer, with former currency trader Fred Ehrsam. They both met via reddit and Bitcoin at that time was worth about $6.00.
Bitcoin surpassed $100
Bitcoin hits $100 for the first time on April Fools’ Day and then booms — doubling to more than $200 apiece in the span of a week. The catalyst is the Cyprus banking crisis and, specifically, President Nicos Anastasiades’s proposal to tax every single bank account in the country.
Mt. Gox was hacked
Mt Gox (Short for "Magic: The Gathering Online eXchange"), suffered security breach. The hackers managed to "buy" 2000 BTCs at an artificially deflated price of 1 cents. This incident begets the first major deflation spiral for Bitcoin, as investors dial down exposure.
Satoshi "bid farewell"
"I've moved on to other things. It's in good hands with Gavin and everyone." He said in an email to Mike Hearn, a Bitcoin core developer. Ever since that, no official contact with Satoshi Nakamoto has been made known to the public.
1 Bitcoin is worth more than $1.00 Dollar
Bitcoin crosses the one-dollar barrier, a 1,000 percent rise in six months.
Silk Road the dark web launched.
It used bitcoin as its chief form of currency, legitimized Bitcoin as a means of commerce, even if it was only being used to facilitate illicit trade
Mt. Gox is launched by Jed McCaleb
Which eventually becomes the world’s largest bitcoin exchange, prior to going bankrupt in 2014.
Computer Programmer Laszlo Hanyecz bought two Papa John’s pizzas for 10,000 BTC
First tangible product known to be bought with Bitcoin. The 10,000 BTC was worth around $47 then. See how much these pizzas cost him now?
First known sale of Bitcoin in USD
New Liberty Standard sends $5.02 to Martti Malmi via PayPal, and he sends 5,050 Bitcoin to New Liberty Standard, enabling the site to establish the first-ever BTC/USD transaction. Martti also might be the 1st in world to buy a beer with Bitcoin, guess how much he paid for one pint?
First ever bitcoin-exchange-rate published by New Libery Standard
For one dollar, you can buy 1,309.03 bitcoins. In the absence of an established exchanges, the website admin calculated the exchange rate using a simple model that approximated the cost of electricity needed to mine BTC.
Hal Finney receive 10 Bitcoin from Satoshi Nakamoto
The late computer scientist Hal Finney, who became the 1st recepient of a bitcoin transaction, after he received 10 Bitcoin from Satoshi Nakamoto. The transaction on this historic date proved that Bitcoin — as a money network — did indeed work in reality and set the foundation for its future growth. He wrote about it on a bitcoin forum. Hal Finney passed away from the ALS (Amyotrophic Lateral Sclerosis) disease on August 28, 2014
The first 50 bitcoins are mined by Satoshi Nakamoto
This is the genesis block (aka Block 0). It has a special hidden message permanently embedded inside - "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” is published
The white paper was initially shared in a cryptography mailing list mainly comprises of cryptographers, programmers and privacy activists. It describes digital currency that would allow secure, peer-to-peer transactions without the involvement of any middleman, whether that be the government, financial system or a company.
Bitcoin.org was registered
The domain name, bitcoin.org was registered at 13:19:55 UTC, via Namecheap.com ( We use namecheap to buy our domain - Bitcoin21Millions.com too, Secure your crypto inspired name with namecheap now! or Buy *.bitcoin domain with Unstoppable Domain!)
US Dollar decoupled from Gold
Richard Nixon (37th US President) went on TV to announce that the US would no longer exchange dollars held by foreign governments for gold. The link between the U.S. dollar and gold was to be severed. The age of fiat money (aka currency backed by nothing more than the credibility of the U.S. Government) had dawned.
