The 5 Greatest Moments in Bitcoin History
Cointelegraph reviews the top five greatest moments in Bitcoin history that have left a mark, not just on the Bitcoin community but on the world.
Bitcoin is now seven and a half years old, or almost eight, depending on where you believe Bitcoin began - the concept's fertilization as a White Paper, or its actual open-source birth and first public transactions. Over that time, life has never been boring for young Bitcoin, with the digital currency becoming extremely popular throughout the criminal and online underworld, as well as the more tech-savvy and economically progressive among us.
Today, we’ll review the top five moments in Bitcoin’s rather spectacular history. Not the five best moments, nor the five worst, but the five greatest moments in Bitcoin history that have left a mark, not just on the Bitcoin community but on the world, starting with number five.
#5 - The Pizza Purchase (May 22nd, 2010)
A tasty place to start. Clearly the most publicly noteworthy transaction in early Bitcoin history, if not the most significant. Jacksonville, Florida programmer Laszlo Hanyecz negotiated a deal with a Bitcoin Talk forum member in the U.K. to take 10,000 Bitcoin he had mined for $30 in Papa John’s pizza. This would make a Bitcoin worth less than $0.01 USD at the time. Today, those Bitcoins would be worth over $5.7 million USD. This single transaction proved to the world that Bitcoin had a mainstream monetary value for the first time.
Hanyecz told Cointelegraph:
“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big.”
- Image provided by Mashable.
#4 - Bitcoin to the Moon (November 2013)
Bitcoin had been making some waves in Spring 2013, quickly growing tenfold in value since the start of the year. The summer was tranquil in market trading, as per usual. Yet, during the movement in the fall of that year would not just change the Bitcoin community’s view of Bitcoin but would also put Bitcoin on the global map as a blue-chip investment, at least for a week or two.
From the start of October through to the end of November, Bitcoin pricing exploded from approximately $125 USD to over $1200 USD, forcing the world to take notice of what some called “The Future of Money.”
There are many factors in this “Bitcoin