Here is a quick view of the historical rise of Bitcoin from Total Processing:

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Rise of Bitcoin

The following infographic covers the most significant events since the emergence of Bitcoin including price spikes, early Bitcoin startups, and first merchant integrations.

Everything started with the publishment of the Bitcoin whitepaper in 2008 by a person or group named Satoshi Nakamoto. The first mobile transaction occurred on December 10th 2010. In April 2011 Bitcoin reached parity with the Euro for the first time. In May 2013 Coinbase received five million dollars in funding, which was the biggest funding of Bitcoin startup to date. In February 2014 a hack of the largest Bitcoin exchange MtGox set a price downtrend for the next year. In July 2016 the price of Bitcoin stabilized in the range of $600.

Have u ever listen to the song by ABBA?

“I work all night, I work all day, to pay the bills I have to pay, Aren’t it sad.
And still there never seems to be a single penny left for me, That’s too bad
In my dreams I have a plan, If I got me a wealthy man
I wouldn’t have to work at all, I’d fool around and have a ball.

Money, money, money
Must be funny
In the rich man’s world
Money, money, money
Always sunny
In the rich man’s world.”

Why I used these funny lines? Because it perfectly explains what importance money has in our life. Money helps us to label value for goods and services.

Anyways evolution of money is considering as one of the greatest milestones in the history of mankind. In ancient times, Cowrie Shells, cows, beads, food grains etc were accepted as money. Later many evolutions happened in the financial matter. And now, we arrived at a point of time where we enable to use the most developed form of money like plastic money, e-money etc. But bitcoin is the most innovative payment network and separate from other types of money.

Special thanks to Emily Clark.

Source: Total Processing