Although, the recognizance of Bitcoin among many investors has appeared around 2017, the Cryptocurrency has its history since its creation in 2007.

Here are the key milestones in bitcoin’s history that you may want to know.

2007 August – Bitcoin is in the pipeline

Satoshi Nakamoto began laying the groundwork for Bitcoin.

While he is believed to be living in Japan, it is speculated that Nakamoto may be a pseudonym used by several people.

2008 August – Bitcoin.org is born

The registration of Bitcoin.org becomes a reality!

2008 October – The white paper is released

Nakamoto publishes a paper called “A Peer-to-peer Electronic Cash System” that explains the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied.

2009 January – First Bitcoin transfer

The very first bitcoin transaction ever happened at block 170 between Nakamoto and Hal Finney, a developer and a cryprographic activist.

2009 October – An exchange rate is set

Bitcoin exchange rate is established by the new Liberty Standard.

The value of the digital currency is set as follow: US$1 = 1,309.03 BTC.

2010 May – 10,000 BTC for a Pizza

The first, real-world bitcoin transaction was from Laszlo Hanyecz who spend 10,000 Bitcoins (roughly US$25 at that time) to buy a pizza.

2011 June – The Great Bubble of Bitcoin

Bitcoin exchange rate plunged to nearly US$10, just four days after its peak at US$31.91.

2013 March – Market cap hits $1 billion

The total bitcoin market cap reaches US$1 billion. One month later, the value of Bitcoin exceeds US$100.

2013 May – First Bitcoin ATM appears

The world’s first bitcoin ATM is debuted in San Diego, California.

2013 November – Bitcoin surpasses $1000

Bitcoin price climbs to a new record of US$1242.

2015 October – Bitcoin classed as commodity

Bitcoin is declared as commodity in the US like gold and oil.

2017 August – Bitcoin worth nearly 3 times the price of gold

Bitcoin sees its market value exceeding the price of gold by nearly three times.