Editorial illustration: whitepaper

October 31, 2008

Bitcoin white paper circulated

Satoshi Nakamoto described peer-to-peer electronic cash based on proof of work and a shared transaction history.

Editorial illustration: genesis

January 3, 2009

Genesis block mined

Bitcoin's first block, height 0, started the chain.

Editorial illustration: first person to person transaction

January 12, 2009

First recorded person-to-person Bitcoin transfer

A transaction in block 170 sent 10 BTC to Hal Finney, generally attributed to Satoshi Nakamoto.

Editorial illustration: first quote

October 5, 2009

Bitcoin gets an early dollar quote

New Liberty Standard publishes an electricity-cost-based quote. It is an early reference point, not a liquid market price.

Editorial illustration: pizza

May 22, 2010

Someone buys dinner with bitcoin

Laszlo Hanyecz confirms exchanging 10,000 BTC for two pizzas. An early practical use becomes a lasting symbol.

Editorial illustration: value overflow

August 15, 2010

Value overflow incident and emergency fix

An integer overflow allowed an invalid transaction to create an enormous output value; the network adopted a corrected chain after a software fix.

Editorial illustration: p2sh

April 1, 2012

Pay-to-script-hash rules take effect

P2SH made complex spending conditions easier to receive through a short address-like hash.

Editorial illustration: halving 2012

November 28, 2012

New bitcoin issuance halves

At block 210,000, the subsidy falls from 50 to 25 BTC per block. This reduces new issuance; it does not halve the existing supply.

Editorial illustration: bip34

March 25, 2013

Block height committed in coinbase

BIP34 completed its transition away from version 1 blocks, requiring new blocks to identify their height in the coinbase transaction.

Original Mt. Gox exchange logo

February 28, 2014

A major exchange collapses

Mt. Gox files for bankruptcy protection. The collapse exposes the risks of entrusting bitcoin to an exchange.

Editorial illustration: csv

July 5, 2016

Relative time locks activate

The CSV bundle enabled spending conditions based on how long an output had existed, useful for payment channels.

Editorial illustration: halving 2016

July 9, 2016

The second supply reduction

Block 420,000 reduces the subsidy from 25 to 12.5 BTC per block.

Photograph of Roger Ver

August 1, 2017

Bitcoin Cash splits from Bitcoin

The chains diverged after shared block 478,558; Bitcoin Cash's first separate block was 478,559.

Editorial illustration: segwit

August 24, 2017

SegWit activates

Segregated Witness changed transaction data accounting and addressed transaction malleability, supporting greater capacity and payment-channel development.

Editorial illustration: cme

December 18, 2017

Bitcoin enters a major futures market

CME launches cash-settled Bitcoin futures, adding a regulated way to trade and hedge exposure.

Editorial illustration: lightning mainnet beta

March 15, 2018

Lightning mainnet beta released

Lightning Labs announced lnd 0.4-beta, an early mainnet implementation of payment channels for faster off-chain payments.

Editorial illustration: halving 2020

May 11, 2020

New issuance falls again

Block 630,000 reduces the subsidy from 12.5 to 6.25 BTC per block.

Editorial illustration: microstrategy

August 11, 2020

A public company buys bitcoin for its treasury

MicroStrategy announces the purchase of 21,454 BTC for $250 million including fees and expenses.

Official portrait of Nayib Bukele

September 7, 2021

A country adopts Bitcoin as legal tender

El Salvador's Bitcoin Law takes effect. This is a policy milestone, not proof that everyday adoption became widespread.

Editorial illustration: taproot

November 14, 2021

Taproot activates

The Taproot soft fork introduced Schnorr signatures and more flexible ways to reveal complex spending conditions.

Sam Bankman-Fried at the Bitcoin 2021 conference

November 11, 2022

FTX fails during the bear market

FTX and affiliated companies enter Chapter 11. A centralized business fails while Bitcoin's network continues operating.

NodeMonke number 1, a pixel art Bitcoin Ordinal

January 20, 2023

Ordinals inscriptions launch on mainnet

Casey Rodarmor releases ord 0.4.0, opening Bitcoin mainnet to inscriptions of digital artifacts.

Editorial illustration: spot etfs

January 10, 2024

U.S. spot Bitcoin funds are approved

The SEC approves listing and trading of spot Bitcoin exchange-traded product shares, widening brokerage access to price exposure.

Editorial illustration: etf trading

January 11, 2024

Spot Bitcoin funds begin trading

The new U.S. spot Bitcoin funds begin trading through conventional brokerage markets.

Editorial illustration: halving 2024

April 20, 2024

The fourth halving

At block 840,000, the subsidy falls from 6.25 to 3.125 BTC. Spot funds are already trading, and Bitcoin has already exceeded its prior intraday record.

DOG GO TO THE MOON dog mascot in an orange Bitcoin hoodie

April 20, 2024

Runes launches at the fourth halving

The ord project's fungible-token protocol began at block 840,000, coinciding with Bitcoin's fourth subsidy halving.

Editorial illustration: 100k

December 5, 2024

Bitcoin trades above $100,000

Bitcoin crosses six figures intraday for the first time. A round-number milestone, not a protocol change.

Editorial illustration: us reserve

March 6, 2025

The U.S. orders a Strategic Bitcoin Reserve

An executive order establishes a reserve framework using eligible forfeited government BTC and calls for budget-neutral acquisition strategies.

Editorial illustration: ath 2025

October 6, 2025

The highest quoted price so far

CoinMarketCap reports an intraday all-time high of $126,198.07; CoinGecko reports about $126,080. These differ from daily closing prices.

Editorial illustration: core31 cluster mempool

April 19, 2026

Bitcoin Core 31.0 ships cluster mempool

Core 31.0 changed how its mempool groups and evaluates related unconfirmed transactions for relay, replacement, and block templates.

Editorial illustration: snapshot

October 21, 2026

Still evolving, still volatile

The latest observation in this research snapshot is $84,176.08, below the October 2025 record daily close.