Bitcoin: The Most Important Events You Need to Know About the BTC Revolution
Bitcoin is the leader of the cryptocurrency market, which is a driving force often changing the market trend. The creator of BTC is a mysterious Satoshi Nakamoto, and there are many rumours about who he is. In August 2008, the real progress around Bitcoin was noticed, and the official whitepaper of the project was released. The zero-block was mined on January 3, 2009; that’s the official date of the BTC invention.
Some facts about Bitcoin:
- There are around 100,000 BTC millionaires in the world
- The last BTC will be received in 2140
- The first purchase using BTC was a pizza order.
- The first fixed Bitcoin rate was 1309,03 BTC = $1
- The first mobile transaction with BTC occurred on December 8, 2010
- BTC exceeded $1 million in total value on November 6, 2010.
In 2020, the BTC USDT rate survived a huge drop. The reason was the crisis caused by the pandemic. By the end of the year, the assets’ price reached an all-time high and in April 2021, reached the mark of $63,600 with the following drop to $32,500.
2022 turned out to be a challenging year for the entire crypto market – impending economic crisis, bad news backgrounds, inflation, and other factors caused the huge BTC rate drop. In spring, the Binance exchange temporarily blocked BTC withdrawals, which added problems and created panic in the market. As of October 2022, the Bitcoin price is $19,6.
Pizza Case
This is probably the brightest event in Bitcoin history. A man from Florida spent his BTC savings buying pizza. He spent then 10,000 Bitcoins that he had mined. At that time, nobody knew that BTC would be the top-traded crypto and that its rate would skyrocket.
Regardless of all the difficulties that BTC faced in the last year, it still remains the leading crypto asset in the market. Bitcoin is used in futures trading and long-term investment. On the market drop, it makes sense to buy BTC and hold it until the market trend changes for bullish.
Pick credible and reliable crypto exchanges for buying Bitcoin. The WhiteBIT platform offers an up-to-date Bitcoin price USD and numerous trading tools to generate income from daily BTC price fluctuations. Also, the exchange allows buying digital assets using a bank card and withdrawing currencies conveniently.