1 March 1982
While Bitcoin has only existed for just over a decade, its origins go back much further. To be precise, it goes back as far as 1982. In this year, we can find David Chaum, a computer scientist, formalize eCash in his paper - ''Blind Signatures for Untraceable Payments”.
This paper entailed a new form of cryptography which he claimed could allow for an automated payment system, in which third parties could not see information on the payment.
2 May 1997
The Invention of Hashcash
Fast forward quite some years, and Adam Back invents Hashcash.
Hashcash is known as a proof-of-work system used to limit email spam and denial-of-service attacks. However, more recently, it has become known for its use in bitcoin (amongst many other cryptocurrencies) as part of the mining algorithm.
17 November 1998
The Sudden Emerge of Two Cryptocurrency Ideas
The year 1998 saw the sudden emergence of two cryptocurrency ideas. Late on in the year, Wei Dai released an essay that detailed his idea for ''b-money,'' a cryptocurrency whose exchange is very similar to what Bitcoin would eventually become.
The very same year, Nick Szabo unleashed a similar proposal for ''Bit Gold.''
Neither of these proposals, however, came to fruition.
5 February 2004
The Invention of RPOW
At the beginning of 2004, Hal Finney creates RPOW (reusable proof of work).
This invention was initially intended as a prototype for digital cash based on Nick Szabo's theory of collectibles. RPOW was an early step in the history of digital cash, and was a precursor to Bitcoin.
11 August 2008
Bitcoin: A Peer-to-Peer Electronic Cash System
Many predecessors tried and failed throughout the two decades prior to the release. But then, in 2009, came Bitcoin.
In August of 2008, Bitcoin was introduced and registered for the first time. Just two months after that, a whitepaper was published: "Bitcoin: A Peer-to-Peer Electronic Cash System."
It was written by Satoshi Nakamoto - an unknown person, or group of people.
It had similar ambitions to the papers mentioned previously: no proof of third party required, proof-of-work, secure digital signatures, and hashing the transactions together to form a chain.
2 January 2009
Bitcoin Has Officially Arrived
Just 3 days into 2009, the first-ever block of Bitcoins (known as the Genesis Block,) was mined. The idea of Bitcoin has officially been released to the world.
4 October 2009
Bitcoin Claims Its Price
In October 2019, the New Liberty Standard publishes the first Bitcoin exchange rate in its young history. They set the price at $1, deeming it to be worth 1,309.03 BTC.
17 September 2010
The Mining Pool Starts
2010 witnessed trading, with many around the world diving into the Bitcoin trade. The value climbed from USD $0, to $0.0008. However, by the end of 2010, the price rose to USD $0.83.
10 May 2011
Just the Beginning
With the rise of the value of Bitcoin, other forms of cryptocurrencies started to come into fruition. Bitcoin was established and already being used for online transactions between people, and some businesses even started using it as a payment method for their services.
8 July 2012
The Introduction of MilliBitcoins
Throughout 2012, we saw a price fluctation between USD $10 and USD $250. As the time passed, however, Bitcoin gained a remarkable new measurement system called milliBitcoins, or MBTC, and microBitcoins, or, UBTC.
22 December 2013
With absolutely no warning, and ever-so suddenly, Bitcoin's price started to increase as more and more people began investing in the cryptocurrency. As 2013 came to a close, Bitcoin became a renowned form of digital currency with its value soaring to a new high of USD $1,164.
15 December 2014
Straight after the price markup that saw Bitcoin soar in value in December 2013, came an instant drop in the prices from $1,164 USD, to $760 USD. This was the very first time the Bitcoin market dropped as low as this.
13 October 2015
From Bad to Worse
The drop didn't stop.
By 2015, the cryptocurrency market went through extreme volatility. This caused Bitcoin to drop to an astonishing new low of $315 USD, all the way from $760 USD. A catastrophic loss of 241% was recorded at the time.
31 December 2015
The Increase Begins
Roll on to 2016, and we see a light at the end of the tunnel. It was a substantial price increase, but nonetheless, on January 1st 2016, we saw bitcoin finally increase to $433 USD. Then, by the end of the very same year, the price shot up to $959 USD - marking a 121% increase.
7 March 2017
The Increase Continues
Bitcoin hovered around the $1,000 USD mark, but was increasing more and more each day, and at a high rate. 2017 witnessed remarkable growth in the prices of Bitcoin, especially after CEO of JPMorgan, Jamie Dimon, called bitcoin a 'fraud'. He later took this comment back, but that didn't stop the price from topping to an all-time high of $20,000 in March of 2017.
Since analysts started noticing the upward growth of the cryptocurrency, they came to a conclusion that it wouldn't last for long. In fact, they termed it as a 'bubble' that would soon burst.
5 June 2018
The 'Burst' Commences
Sure enough, the analysts were right. The bubble did indeed burst. In 2018, Bitcoin saw the worst crash to $3200 - recording a loss of 625%, the biggest loss to date.
11 December 2019
A Rocky Few Years
Regardless of the price drop, Bitcoin continued to thrive at $3,190, and in mid-June of 2019, the price rose once again to $10,000, before it fell again to $7,112.73 in December 2019.
22 November 2020
Thriving Throughout the Covid-19 Pandemic
Bitcoin rallied at $7,200 USD, the economy completely shut down, and we had a pandemic to deal with. However, throughout it all, Bitcoin thrived. It managed to refuel its prices by November 23rd, as its value rose to $18,353.
Despite the pandemic affecting economies of the world, Bitcoin saw a 224% increase. And, in December 2020, the price rose once again by $2,400, setting a new high.
20 December 2020
Elon Musk Twitter bio
With over 47 million followers, Elon Musk has a big influence on public opinion about Bitcoin. After changing his bio on twitter to #bitcoin the price went up from $32K to $38. Sometimes his tweets also have a bad influence. After Elon Musk tweet about 'Bitcoin is my safe word' the price declined with 1,7%.
15 February 2021
The Best Year Yet
This current year has truly been Bitcoin's highest point. The value of bitcoin has soared to a whopping $40,000 in January of 2021, and has continued to increase as Tesla invests $1.5 billion USD worth of bitcoin.
On February 16, we saw another astronomical price increase to $50,000 USD - the truest all-time high since the very beginning.
Timeline of Albert Einstein. The life of Albert Einstein, the world's brightest mind. Overview of his career and academic achievements.
Timeline of Angelina Jolie. Overview of her achievements and acting career of this talented woman. View her inspiring life of a great mother and philanthropist.
Timeline of Apple from 1984 till today. Overview of products launched throughout the years and key events. Apple is best known for building the Macintosh and the iPhone.
The history of Barack Obama created in a timeline. Barack Obama is an American politician who served as the 44th President of the United States.
Timeline overview of the rise of Bitcoin. The origin of the digital coin that continues to change the world dates back to 1982, let's find out what happened along the way
Timeline of Cristiano Ronaldo. The life of a great footballer and philanthropist. Overview of his soccer career and achievements.
Timeline of Donald Trump, 45th president of the USA. From businessman to president. Overview of his achievements and struggles both in his career and in politics.
Timeline of Dwayne Johnson. Overview of his acting career and personal achievements. Dwayne is best known for 'The Rock'. View his complete life in a timeline form.
Timeline of Elizabeth II, born 21 April 1926. She is the Queen of the United Kingdom and 15 other Commonwealth realms. View the complete timeline of her life.
View the timeline of Elon Musk, born June 28, 1971. He is a South African-born, Canadian-American business magnate, engineer,inventor and investor.
Timeline of Eminem. Overview of his musical career and personal achievements. Discover the story of the rapper from 8 Mile in a beautiful timeline format.
Timeline of Freddie Mercury. One of the greatest singers of all time. View his life in a nice timeline format. The story of one of the world's most versatile musicians
Timeline of Joe Biden, 46th president of the United States. Overview of his political career and achievements throughout his life.
Timeline of Johnny Depp. The life of a colorful actor. Overview of his acting career and achievements in a beautiful timeline format.
Timeline of Justin Bieber. Overview of his musical career and achievements in a timeline format. From YouTube to the big stage
This is the history of Kamala Harris in the form of a timeline. Kamala Harris is an American politician and attorney who is the vice president-elect of the United States.
Timeline of Kanye West. His achievements in the musical world and downfalls. View this amazing timeline story of a musical genius who knows no boundaries
Timeline of Kim Kardashian. Overview of her succes on TV and personal achievements. Keeping up with the life of Kim Kardashian
Timeline of Lady Gaga. Overview of her musical career. View her complete biography of the life of the leader of the "Little Monsters"
Timeline Lebron James. Overview of his basketball career and achievements. View here the biography of the gifted basketball player LeBron.
A timeline of the life of Leonardo DiCaprio. Overview of his acting career and achievements throughout his life. Best known for Jack in Titanic.
Timeline of Lil Wayne. Overview in timeline format of his achievements and musical career. View this inspiring story of the Young Money Boss
A timeline of Lionel Messi, one of the world's greatest football players. Overview of his life and personal achievements in a beautiful timeline format.
Timeline of Mark Zuckberg. Overview of his achievements and career path of Mark Elliot Zuckerberg born May 14, 1984. Best known for being the founder of Facebook.
A timeline of Michael Jackson. Overview of his life, success and struggles. View this interesting story in a timeline format.
Timeline of Michael Jordan. Overview of his basketball career and personal achievements in a timeline. The life of the best to ever play basketball
Timeline of Mila Kunis. Overview of her career path, eventful life and personal achievements in a beautiful timeline format. View this amazing timeline story on Timepath.
Timeline of Miley Cyrus. Overview of her career and personal achievements in a beautiful timeline format. From Disney innocent girl to daring rock star.
Tijdlijn van het corona virus. Het virus houdt de wereld in zijn greep, het is niet de eerste keer dat de wereld geteisterd wordt door een pandemie.
Timeline of Rihanna. Overview of her musical career and achievements throughout her life. Robyn Rihanna Fenty was born on February 20, 1988 in Saint Michael.
A timeline of Selena Gomez's life. Overview of her musical career and personal achievements. From Disney to global super star, view her complete timeline.
Timeline of SpaceX. Space Exploration Technologies Corp., is an American aerospace manufacturer and space transportation services company in California.
Timeline of Stephen Hawking. Overview of his academic achievements in a timeline format. A timeline story about a man who truly loved science
Timeline of Steve Jobs. He was an American business magnate, industrial designer, investor, and media proprietor. Best known for founding Apple Inc.
Timeline of Steven Spielberg, born December 18, 1946. He is an American filmmaker. Spielberg started in Hollywood directing television and theater.
Timeline of Taylor Swift. The story of a country girl who moved the world. Overview of music career and her achievements.
Timepath helps you build better timelines and tell interesting stories. Import any media type you like and create your timeline in minutes.
Timeline of Tupac shakur. Overview of his musical career and turbulent life in a timeline format. From humble beginnings to becoming rap legend.