The richest Chinese, Zhao Changpeng CZ, was born.
The first cycle 2009-2013 On January 3, 2009,
Bitcoin produced its first block,
announcing the birth of the world's first cryptocurrency.
At that time, Bitcoin participants were mainly miners, and the price was negotiated by the Bitcointalk forum to reach a consensus,
hence the emergence of interesting stories such as "10,000 Bitcoins for Pizza". In 2013, Li Lin founded Huob and Xu Mingxing founded OK,
Zhao Changpeng first heard the concept of Bitcoin in a poker game.
With the mature development of exchanges, Bitcoin also ushered in its first super bull market,
Data shows that the price of Bitcoin reached a historical high of $1,153 on December 5, 2013, the high point of this cycle.
(The time period of this chart is from April 28, 2013 to December 31, 2014)
The second cycle 2013-2017 In February 2014,
Mt.Gox (Chinese online name "Mentougou"), the world's largest exchange, was reported to have been hacked,
850,000 bitcoins were stolen, and the crypto market continued to fall sharply.
On January 15, 2015, Bitcoin fell to the lowest point of the cycle at $177, down more than 80% from the highest point, and after six months of fluctuations, it started a unilateral upward trend.
(The time period of this chart is from January 1, 2014 to December 31, 2016)
