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Since its inception in 2009, Bitcoin, which was created by Satoshi Nakamoto, has been involved with so many historic moments in the world of cryptocurrency. Many of these milestones have come to shape the future of bitcoin as we know it today. Now, bitcoin has had an up and down history, but you cannot deny the resilience of this currency. It is what has made its history and its future all the more exciting. So, with that said, let’s take a look at some of the biggest moments in Bitcoin history.

 

The First Bitcoin Transaction

You can’t discuss the history of bitcoin without first mentioning how it all came to be. In January of 2009, Satoshi Nakamoto released bitcoin into the world when the initial block was mined. After just nine days, the first ever bitcoin transaction was publicly recorded when Nakamoto sent Hal Finney a small amount of bitcoin to test if the system was working as intended. This sparked the long history of the cryptocurrency.

 

The First Bitcoin Purchase

While Bitcoin was introduced to the world in 2009, it wasn’t until May of 2010 when the first-ever official purchase was recorded. Laszlo Hanyecz paid 10,000 bitcoin— which at the time was worth next to nothing—to someone who would order two pizzas and have them delivered to his house. Since then, cryptocurrency enthusiasts all over have come together to celebrate May 22 as Bitcoin Pizza Day. In fact, even Takeaway.com which is a popular platform to order food online such as pizza started accepting bitcoin as payment a few years ago.

 

The First Major Retailers Begin Accepting Bitcoin

Over the course of the past few years, there have been a few large companies that have started accepting bitcoin as payment. A few of these corporations include Overstock, Gyft, Expedia, and Microsoft. What makes this milestone even more impressive is that this list continues to grow each quarter. Now, bitcoin is still far from reaching “mainstream” levels, but having these major companies back cryptocurrency payments is definitely a huge step in the right direction. Other countries have also started embracing cryptocurrency such as China.