✨ BITCOIN HISTORY 🫠
Bitcoin, invented in 2008 by an anonymous person or group known as Satoshi Nakamoto, is a digital currency that operates independently of any central authority, like a government or bank. It's based on a technology called blockchain, which is a decentralized ledger that records all transactions across a network of computers.
Bitcoin's history is marked by milestones. In 2009, the first Bitcoin transaction took place when Satoshi Nakamoto sent 10 bitcoins to programmer Hal Finney. Over time, more people started using Bitcoin, and its value began to rise. In 2010, someone famously bought two pizzas for 10,000 bitcoins, which would be worth millions of dollars today.
Bitcoin faced challenges, like regulatory scrutiny and hacking incidents on exchanges, but it continued to gain popularity. In 2017, its price soared to nearly $20,000 before crashing. Despite this volatility, Bitcoin has become more widely accepted as a form of payment, and many investors see it as a store of value similar to gold.
Today, Bitcoin is traded on various online platforms and is accepted by some merchants as payment. Its decentralized nature and limited supply (only 21 million bitcoins will ever exist) contribute to its appeal as a hedge against inflation and a potential alternative to traditional currencies.
