The development of BTC

■The development of BTC

October 2008 Satoshi Nakamoto’s paper on bitcoin was published.

2009 Bitcoin software was implemented as an open source code, and trading in bitcoins began.

September 2010 Slush's pool, the world's first mining pool, began to mine bitcoins for the first time.

Nobember 2012 Wordpress were accepted for payment for the first time.1 BTC = 909 yen

March 2013 The world's first bitcoin ATM was introduced 1 BTC = 5,718 yen

December 2013 NHK produced its first feature on bitcoin 1 BTC = 123,100 yen

October 2015 The European Court of Justice (ECJ) ruled that Bitcoin transactions should be exempt from Value Added Tax (VAT) 1 BTC = 32,997 yen

April 2016 Bitcoin market capitalization: 700 billion yen 1 BTC = 50,892 yen

August 2017 Bitcoin split into two derivative currencies, Bitcoin Classic (BTC) and Bitcoin Cash (BTH)

October 2017 Market capitalization: approx. 11 trillion yen 1 BTC = 685,986 yen

■BTC chart

■Market size

Global stock market: 7500 trillion yen
FX market: 120000 trillion yen
Virtual currency market: 10 trillion yen

Bitcoin market capitalization increases fifteen-fold over 18 months.