Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade

Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade


Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online.

On Oct. 31, 2008, bitcoin was born — and in the past 10 years ,it has evolved from an anti-establishment hobby among coders to a household name on Wall Street.

The first and most famous digital currency sparked mania among retail investors last year, and, despite being founded to bypass them, it has caught the attention of some of the world's most powerful institutions.

Perhaps the most confounding thing about bitcoin is its origin story. It was invented by an anonymous cryptographer going by the pseudonym Satoshi Nakamoto. He, she or they wrote bitcoin's founding white paper a decade ago on Halloween, claiming online to be a Japanese man. But some speculated that was unlikely, based on Satoshi's perfect English and bitcoin's software not being labeled in Japanese. See more...




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