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Bitcoin launched 13 years ago today⁠. 8 milestones from the past year


Today, it was thirteen years ago. bitcoinOfficially launched following the mining of what is now known as The Genesis Block.

Satoshi Nakamoto published the Bitcoin whitepaper, however. pseudonym used by bitcoin’s creator or creatorsMany people believe the currency’s birthday is October 28, 2008 when it was first issued.

However another ban from ChinaThe number of people who have a higher level of education has risen regulatory scrutiny and wild volatility, bitcoin had a record year in 2021 on many accounts. This past year marked the start of mainstream adoption for bitcoin with several firsts, including all-time highs in its priceAnd hashrate, among other things.

Bitcoin is your trust grew with the supportfor institutional and retail investors in 2021. The?now the largest cryptocurrency by market valueAs a peer-to–peer financial system, bitcoin is well-known. It is supporters see itAs a currency and hedge against inflation.

Bitcoin’s opponents still believe it to be a risky, speculative investment. Experts recommend that you invest no more than what your finances will allow.

These are the eight most significant bitcoin events of the last year.

1. Bitcoin surpassed $1 trillion in market value for the first time

2. Morgan Stanley gave access to cryptocurrency funds for its wealthy clients

Morgan Stanley, the largest U.S. bank, became the first to give its customers access to Bitcoin funds in March. CNBC exclusively learned.

The investment bank opened access to three bitcoin-related funds after its customers “demanded exposure”.

3. El Salvador adopted bitcoin as legal tender

In June, El Salvador passed a new law to adopt bitcoin as legal tender, becoming the first country to do so.

This law permits bitcoin to be used for payment of goods or taxes in El Salvador. CNBC reported that bitcoin can be used to value goods by businesses and will exempt them from capital gains taxes. reported.

4. Launch of the first U.S.-based futures-based Bitcoin ETF

ProShares launched in October futures-based bitcoin ETF made its market debut on the New York Stock Exchange under the ticker “BITO.”

ETF bitcoin futures tracks contracts that speculate on the future price of the digital asset, rather than the current or “spot price” of the cryptocurrency itself. Therefore, prices for the ETF as well as bitcoin may not always be equal.

However, ProShares’ bitcoin futures ETF had one of the most “biggest initial days” for ETFs. CNBC reported.

5. Bitcoin’s price hit an all time high

The entire crypto market’s value is just after it surpassed $3 trillionThe bitcoin price set a new record in November.

The all-time peak of bitcoin was reached on November 10th. over $69,044According to CoinGecko, it is.

6. First bitcoin upgrade in 4 years.

Taproot, a highly anticipated upgrade to bitcoinAlso, the newest version of bitcoin was also released in November. It marked bitcoin’s biggest upgrade in a decade.

Taproot created what are known as Schnorr Signatures. These signatures allow for bitcoin transactions that are more secure, efficient, and cost-effective. The upgrade makes it easier for bitcoin to run. smart contracts, or collections of code that carry out a set of instructions on the blockchain.

7. The mining of 90% of bitcoin’s total supply is complete.

Data from

It is unlikely that the remainder will be mined before February 2140. Bitcoin miners may continue to make bitcoins up until that point.

Bitcoin works on the proof-of work model. This means miners have to compete to solve complicated math problems in order to verify transactions. It’s not an easy process — reaching the 90% milestone took 12 years.

8. Bitcoin’s Hashrate has hit an all time high