The post From pizza to $100K – The crazy chronicles of Bitcoin’s meteoric rise appeared on BitcoinEthereumNews.com.

Bitcoin smashed through the $100,000 barrier on Thursday, rewriting its own chaotic and unpredictable history. The record-breaking run was supercharged by Donald Trump’s election victory, with markets betting on a regulatory overhaul. Bitcoin has climbed over 140% this year, more than doubling from its January low of $38,505. The election has added over 50% to its value since Nov. 5. This monumental rise, though historic, didn’t happen overnight. Bitcoin’s journey is one of invention, defiance, crashes, and comebacks. From a $41 pizza order to becoming the face of a trillion-dollar market, its story is every bit as wild as its price chart. Now let’s take a walk back. From Satoshi to the Winklevoss twins Bitcoin was created in 2008 by an anonymous figure (or group) named Satoshi Nakamoto. The idea was revolutionary:- Here was a digital currency that could operate without banks or governments. In 2010, Bitcoin made headlines when a Florida man spent 10,000 BTC to buy two Papa John’s pizzas. Those pizzas, now worth $1 billion, were the currency’s first retail transaction and cemented its place in financial history. In 2013, Bitcoin began attracting serious attention. Cameron and Tyler Winklevoss, known for their legal feud with Mark Zuckerberg over Facebook, took a shot at legitimizing Bitcoin. They filed the first-ever application with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF. Around the same time, Grayscale Investments launched the Bitcoin Investment Trust, offering a new way for investors to gain exposure to Bitcoin. The SEC, however, was not happy. Over the years (before 2023), the Winklevoss twins adjusted their ETF applications multiple times, even naming State Street as an administrator. Despite these changes, their requests were rejected in 2017, and since then, they have not refiled or received new approval. Regulatory struggles and market crashes…

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Filed under: News - @ December 5, 2024 6:19 pm