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A Brief History of Bitcoin

Video Credit: The Street - Duration: 01:01s - Published < > Embed
A Brief History of Bitcoin

A Brief History of Bitcoin

Is crypto making a comeback?

There are numerous cryptocurrencies being used these days.

And Bitcoin stands out from the rest of the pack.

Why?

Well, the answer can be summed up to the huge fluctuation of the price.

Bitcoin had lots of eyeballs when the price of a bitcoin surged to $19,783 in 2017.

This was a huge difference from 2011, when the price per Bitcoin was $0.30.

But, the Bitcoin bubble burst and the price promptly fell.

Today, the price has plunged below $6000.

Interestingly, Bitcoin came into the scene in 2007 when the developer Satoshi Nakamoto developed it in 2007.

However, no one knows who Nakamoto is.

But the first, real-world transaction using Bitcoin took place in 2010 when programmer Laszlo Hanyecz offered to pay 10,000 Bitcoins for a pizza, around U.S. $25.

Watch the brief timeline of Bitcoin in the video above.

Related.

Bitcoin Comeback?

Cryptocurrency Briefly Tops $5,000 in Mystery Overnight Surge Watch More of TheStreet's new video series Behind the Label:

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