Today marks 12 years since the Bitcoin whitepaper was published by the pseudonymous Satoshi Nakamoto, and it has never been in better shape. Bitcoin has enjoyed a few lows and plenty of highs since its last birthday, so here’s a look back at some of its highlights as we celebrate Bitcoin’s 12th birthday.
October 31, 2019 – Bitcoin turns 11, with a valuation of $9,170
November 6, 2019 – Chinese authorities row back on Bitcoin ‘mining ban’
March 13, 2020 – Bitcoin endures a 51% price crash in 24 hours
March 17, 2020 – Bakkt President Adam White announces a forthcoming Bitcoin/Starbucks payment integration
May 8, 2020 – Billionaire hedge fund manager Paul Tudor Jones backs Bitcoin to be “fastest horse”
May 11, 2020 – Bitcoin undergoes its third halving
June 15, 2020 – A book reveals that president Donald Trump wanted to “go after Bitcoin” in 2018
July 15 – A teenage hacker compromises a number of high-profile Twitter accounts and tries to solicit Bitcoin
July 27, 2020 – Bitcoin blasts through a 2.5-year downtrend to start a new market cycle
August 12, 2020 – Software company MicroStrategy buys $250 million worth of Bitcoin as a “hedge” against a falling dollar, upping its intake to $400 million weeks later
August 17, 2020 – Former Prudential CEO George Ball says Bitcoin should be an investor “staple”
August 27, 2020 – Bitcoin files for first ever institutional Bitcoin fund
September 9, 2020 – Bitcoin stays above $10,000 for the longest time on record
September 13, 2020 – Mad Money host Jim Cramer turns Bitcoin bull, putting the U-turn down to the Federal Reserve’s money printing
October 21, 2020 – PayPal says it will launch a cryptocurrency platform in the US
October 29, 2020 – JPMorgan analysts tell investors that Bitcoin has “considerable” upside in a notable turnaround on previous opinion
October 28, 2020 – The biggest ever Bitcoin transaction, valued at $1.22 billion, is conducted
October 31, 2020 – Bitcoin sees in its 12th year valued at $13,500
Bitcoin is certainly in a very different shape than it was on its 11th birthday – a new market cycle is underway, it is making strong inroads towards new all-time highs, and it has more institutional backers than ever before. It has also recovered from a 51% crash to put in a 3.5x return in eight months, leaving other assets in the dust.
If Bitcoin’s 11th year was busy, with a potential bull run ahead, ts 12th could be insane.
