Thinking back to the January story, what happened to Bitcoin?

Later this year, Bitcoin will celebrate its 14th "birthday". Bitcoin has been around for a very long time over the past 14 years and will have a market cap of over $1 trillion by 2021.

January has been an important month since the launch of Bitcoin due to a number of historical and significant events for Bitcoin.

2009: The dawn of bitcoin

On January 3, 2009, a few months after the publication of the Bitcoin whitepaper, Satoshi Nakamoto dug in and signed for the Bitcoin origin block, writing: Describing the financial crisis that inspired Bitcoin to be created under "bank bailouts", he officially launched the Bitcoin network.

Just six days later, on January 9, the first Bitcoin user (0.1) was released, allowing users to trade Bitcoins, and Chinese Satoshi Ben Hal Finney (block 170).

2010: The first way to buy Bitcoin?

Almost everyone knows the story of Laszlo Hanyecz who bought two pizzas for 10,000 BTC in May 2010. In this case, he is considered the first "real" to be made in Bitcoin. However, on January 24, 2010, BitcoinTalk conference user Sabunir announced a forum announcement titled "Quiz for Beginners - Anyone Want to Buy the Image for $1?" Create a wallpaper with a resolution of 1280x960 and leave the location of your wallet.

Barely a month later, two batches of 50 new BTC were delivered to his address, and most likely someone "bought" his wallpaper. If possible, this purchase would be the first "true" purchase with Bitcoin and another key to the digital advantages we know today.

2011 : Bitcoin rau Nonprofits

On January 20, 2011, the Electronic Frontiers Foundation (EFF) made history by becoming the first non-profit organization to receive free bitcoins, paving the way for such organizations in the future. . It wasn't until June 2010 that WikiLeaks stopped accepting free Bitcoin before it could, but started accepting Bitcoin again in May 2013.

Another historic event occurred in January 2011 when 3 OTC service users purchased 4 BTC (100 trillion Zimbabwean dollars) for 100,000,000,000,000 Zimbabwean dollars each. To date, it holds the highest value in Bitcoin trading.

2012: Bitcoin on TV

By 2012, Bitcoin had started to become a global wave, appearing in The Good Woman Season 3 Episode 13, titled “Bitcoin to Dummies,” which centered on a lawyer who was killed for failing to tell the story. of the consumer. The candidates created Bitcoin. The segment, which aired on January 15, was seen by 9.45 million US viewers and cost just $6.90 per bitcoin. This is the first time Bitcoin has appeared in a major external press release.

2013: Rise of startups

Almost five years after Bitcoin was announced, traders are starting to love Bitcoin-related markets. Founded on January 7, 2011, bitcoin provider BitPay became the first bitcoin-related seed investment in the financial environment of $510,000. By the end of that year, another $2 million had been raised.

2014: Sports and Casino

In January 2014, everything heated up and more businesses started accepting bitcoin payments. Zynga, the developer of popular mobile games like FarmVille, announced plans to allow users to make purchases with Bitcoin on January 4, and the company uses the standard BitPay layer to measure payment.

Later that month, on January 21, Las Vegas casinos and their hotels announced plans to start accepting Bitcoin in some form. Vegas Casino and Golden Gate Casino were the first casinos to accept Bitcoin long before Bitcoin became part of today's digital world.

Interestingly, a copy of the February 2014 Bitcoin Magazine, written in January 2014, is on display at the American History Museum.

2015: Rise and Fall

Bitcoin began to experience a steep decline in 2015 and fell 30.9% in January 2015, one of its biggest losses at the time. It's not that bad, but in fact, Coinbase's $75 million Series C round, which was considered Bitcoin's biggest company in January, started trading on Coinbase later this month- the.

At the time, Coinbase was focused on Bitcoin and helping companies like Overstock, Dell, Expedia, Dish Network, etc. to accept bitcoin payments. We also work with Stripe, Braintree and PayPal to process Bitcoin payments.

2016: Magic Fork

In January 2016, Bitcoin Classic joined "Fork Camp", the first of many failed Bitcoin forks favored by many Bitcoin traders, developers, traders and miners. It didn't last long, but it inspired many more Bitcoin forks. Usually for quick cash.

Interestingly, the Bitcoin network hashrate will pass 1 exahash per second for the first time in January 2016.

2017: Excessive expectations

The year 2017 became as big as Bitcoin broke $1,000 again in January after nearly three years of growth.

2018: Confidential Government

One of the most significant government boycotts of Bitcoin took place in January 2018 after its price hike at the end of 2017. Bitcoin considered the government and bank of China, Bahrain, Bosnia and Herzegovina, Ecuador, Egypt, Ghana, Honduras, India, Indonesia, Kyrgyzstan, Kosovo, Mozambique, Netherlands, New Zealand, Poland, Slovenia, South Korea and Tajikistan that month, against its adoption. Many countries followed suit months later.

That same month, Facebook banned all cryptocurrency advertising on the platform. Interestingly, as Samsung partnered with a Chinese company to make chips and semiconductors for bitcoin miners, Swiss authorities started accepting bitcoin payments, and as the Peter Thiel Foundation bought some bitcoin, at the time, pessimism was not everything.

2019

Bitcoin barely disappeared from the public eye after prices plummeted in early 2018. Instead, cautious investors are slowly starting to rally, and bitcoin prices are there for most of 2018-2019. Bitcoin began to rise in the second half of 2019 before the May 2020 production halving.

There were no major January events during this time, but Bitcoin first broke through $40,000 in January 2021 and quickly reached a historic market capitalization of $1 trillion. Also, January 2022 is not a historic event. On January 2, the Bitcoin hashrate exceeded 203.5 exahesis per second for the first time, more than 200 times more than the previous year.

Bitcoin had a lot of importance in its history in January. Assuming the Bitcoin network came online in January 2009 when Satoshi Nakamoto mined the Genesis block, you can call January the real birth month of Bitcoin. However, considering the importance, growth and development of stable global communities a few years ago, January is a month that every member of the Bitcoin community needs to celebrate.