![]() But they have demonstrated resilience in the face of adversity. Over the course of its history, Bitcoin and other cryptocurrencies have faced challenges such as exchange hacking and regulatory pressures. At its peak in 2017, Bitcoin reached a market capitalization of over $334 billion as the cryptocurrency price hit a high of just below $20,000. There was no stopping Bitcoin and the cryptocurrency wave now. Bitcoin reached another major milestone in 2013 when the value of all available coins in circulation topped $1 billion. The growing awareness of the disruptive quality of Bitcoin also inspired the development of other cryptocurrencies and blockchain projects. 2010 was also the year that Bitcoin exchanges, that allowed investors to buy and sell the cryptocurrency, started to appear. The date May 22nd is still celebrated as Bitcoin Pizza Day in the Bitcoin community. A major milestone would be achieved in May 2010 when 10000 Bitcoins were used to purchase two pizzas by a Bitcoin enthusiast, an amount that would be worth millions of dollars in the present day. In the early days, Bitcoin was worth a few cents to the dollar. In 2009, the first ever Bitcoin would be mined. ![]() Later that year, a person or group under the pseudonym Satoshi Nakamoto released the Bitcoin Loophole that detailed how peer-to-peer digital currency would work. ![]() In mid-2008, with the world in the middle of a financial crisis, the domain was registered. ![]()
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