The Short Version of Bitcoin History

Bitcoin was created back in 2009 by someone (or some group of people) known by the pseudonym of Satoshi Nakamoto. At the time that it saw the light of day, nobody had even heard of cryptocurrencies, let alone encountered one.

Bitcoins infant and teenage years were pretty rough – it failed to gain significant traction and attention, even though its prices fluctuated for what (at that time) seemed quite a bit. No one was still wondering how to make money with Bitcoin.

Finally, at the beginning of 2017 Bitcoin breached the benchmark of $1000. In just a matter of a year, it managed to almost reach the $20,000 checkmark. Needless to say, this was huge – everybody either stood with their chins reaching the floor or poured everything they had into Bitcoin – it seemed like an unstoppable force that kept on increasing its momentum every single day. If you’ve recently checked the Bitcoin price charts, however, you know that things took a different turn.

Author: swatinvest