Bitcoin started in 2009. An unknown person using the alias Satoshi Nakamoto wrote a whitepaper about his decentralized token. That has two meanings. First, Bitcoin doesn’t need a bank (Automated Clearing House [ACH]) to process transactions. Instead, processing happens across a lot of devices in a variety of places around the world. The other, Bitcoin is not an official currency of any country, thus has no central bank. It worked out for him, whoever.
The first sale using Bitcoin was by a man from Florida 2010, who bought two large Papa John’s pizzas for 10,000 BTC through a post on a forum where Bitcoin was discussed. Not long after, the price reached $1. Bitcoin’s rise was smooth sailing from there.
2013 was a breakout year. The price crossed the $100 mark in June and the $1000 mark in November. The price was up and down during 2014. In 2015, it began to taper off and people thought the party was over. That is until December of that year.
