Bitcoin Company history
Bitcoin is a purely peer-to-peer version of digital cash, allowing online payments to be sent directly from one person to another without going through a financial institution.
One of the biggest financial stories of the past year has been the incredible rise of bitcoin. The virtual currency was designed to revolutionize peer-to-peer transactions; it doesn’t require a go-between (like a bank or credit card network), the exchange of personal information, or transaction fees.
Yet while many are still confused about what exactly a “bitcoin” is and how the nascent cryptocurrency works, just as much confusion exists about where bitcoin came from and how it got to where it is today — a technological innovation that has shaken the financial world to its core.
The first 50 bitcoins are mined by Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.
$100 Bitcoin Milestone
After nearly two years of inertia, bitcoin hits $100 for the first time on April Fools’ Day and then booms — doubling to more than $200 apiece in the span of a week.
$1,000 Bitcoin Milestone
Bitcoin soars past the $1,000 mark, near doubling in value in the span of a week. The frenzied buying appears to be propelled by Chinese investors, who, it’s assumed, want to move their money into untraceable accounts. Bitcoin peaks at $1,216.70 by the end of the month. The price won’t break $1,000 again for three years.
$10,000 Bitcoin Milestone
Bitcoin blasts past $10,000 mark. Hours later the price tops $11,000 and keeps powering higher. The meteoric rise gets a shrug from investors, and stays within range of its peak valuation past the Thanksgiving holiday weekend. The main price-drivers are new main-street investors.