1998 - 2009 years before Bitcoin was born

Although Bitcoin was the first cryptocurrency to be created, there have been efforts in creating cryptocurrencies online. Two of them are B-Money and Bit Gold, they have been built but never fully developed.

2008 - Mr. Nakamoto the mystery

A programmer with the alias Satoshi Nakamoto introduced Bitcoin's whitepaper (also known as BTC) and became the most valuable coin to this day. The founder of Nakamoto said that Bitcoin is a peer-to-peer, decentralized cryptocurrency and therefore it is not subject to any agency or organization.

 2009 - Bitcoin starts

For the first time, Bitcoin was offered to everyone. Mining, the process of creating new Bitcoin, and transactions are recorded and verified on the blockchain - starting.

 2010 - Bitcoin is first priced

Because it has never been traded, it only stopped at mining, so it was not possible to assign monetary value to Bitcoin at any time. In 2010, someone wanted to exchange 10,000 Bitcoin for 2 Pizza. If the buyer had actually paid that amount of Bitcoin, today the price of 10,000 Bitcoin is not the other pie but more than $ 100 million.

2011 - Bitcoin rivals appeared

When Bitcoin became popular and everyone understood the benefits of decentralization and encryption, it was time for new cryptocurrencies to be born. They are sometimes called altcoins, the purpose is to improve the original designs of Bitcoin such as higher speed, more security ...

One of them is Namecoin and Litecoin. Currently, there are more than 1,000 cryptocurrencies in circulation and lots of new coins appear regularly.

 2013 - Bitcoin price fluctuations

The first time Bitcoin hit $ 1,000, its price dropped rapidly (around $ 300) shortly after. Many investors at the time suffered heavy losses and it took more than 2 years for the price to return to the $ 1,000 level.

 2014 - Phishing

Bitcoin's anonymity and lack of control have made it an attractive target for criminals. In January 2014, Mt.Gox, the world's largest Bitcoin exchange, collapsed, 850,000 Bitcoin did not fly.

Investigations are still ongoing to find the mastermind. Some dishonest person had a huge pocket of Bitcoin valued at 450 million dollars at the time. At today's price, that pocketbook cost $ 4.4 billion.

 2016 - Ethereum and ICO

In 2016 Ethereum was born, the platform uses a cryptocurrency called Ether to facilitate blockchain-based smart contracts and applications. The appearance of Ethereum has been marked by the appearance of Initial Coin Offerings, or ICO (a form of legal capital mobilization of newly established start-ups).

In the US, the SEC warns investors that due to the lack of supervision, ICOs can easily be deceived or Ponzi schemes (multi-level pyramid schemes) are disguised as legitimate investments. The Chinese government has gone further, by banning them entirely

2017 - Bitcoin reached $ 10,000 and kept rising

Bitcoin is becoming more and more popular everywhere, gradually as there are many users, money from investors is pouring into Bitcoin and cryptocurrency ecosystems. During this period, the market capitalization of cryptocurrencies increased from $ 11 billion to over $ 300 billion.

Banks like Barclays, Citi Bank, Deutsche Bankand BNP Paribas said they are researching how they can work with Bitcoin. It's clear that the technology behind Bitcoin - blockchain - has revolutionized the financial technology industry, and what's more, it's just the beginning.

2019 - Cryptocurrency confirms its position

2019 turned out to be a remarkable year for the global cryptocurrency market. Although there is a bear market (the market goes down), it is the result of disagreements in the reduced cryptocurrency community finding solutions to make cryptocurrencies more perfect.

Global regulators are also becoming less afraid of cryptocurrencies and can see infrastructure development through their own blockchain. Indeed, China has begun to participate in competition for the cryptocurrency market.

Conclusion: In short, financial technology in general and cryptocurrencies in particular are the trend of every country, it will develop more in the future.