World’s first ever official cryptocurrency Bitcoin came to life in 2008 when an anonymous creator of Bitcoin named ‘Satoshi Nakamoto’ published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. It took bitcoin time to become the talk of the town but numerous phenomenon made it popular day by day which includes the first bitcoin commercial where a guy bought two pizza worth $30 for 10,000 BTC (2010), fall of Mt.Gox, the first ever Bitcoin exchange, Bitcoin Ponzi schemes and the Bitcoin big bang.

Since its introduction bitcoin has witnessed rock-solid volatility in its price but managed to land again and keep growing. Three dates past in the history were the turning points for Bitcoin where Bitcoin reached to unbelievable marks. November 29, 2013, it was traded at US$1,124.76, in mid-November 2015, it reached $2200 and finally on 15 December 2017, it tops out a whopping $17,900. Though bitcoin could not hold that astounding price and come back to below $7000 on 5 February 2018. Though Bitcoin has started growing again and today it is trading at $7,333.20 with market capital of $125,287,538,670 USD and future of it seems quite bright as an increased number of merchants across the globe have started accepting BTC that makes it quite potential alternative for traditional fiat currency.

Growing popularity of Bitcoin and large-scale acceptance of Bitcoin for various goods and services lead it through to the various misconceptions (such as bitcoin bubble) as well as to rise of some mind-boggling services and creation of unique payment gateway. Apart from that underpinning technology of Bitcoin called Blockchain has given a birth to another thousands of cryptocurrency and bitcoin leading all of them in terms of market capital.

Today, Government of various countries have made Bitcoin payment and trading legal as long as you follow certain norms. For instance:

Various universities in Cyprus has started accepting Bitcoin as tuition fees. The University of Nicosia in Cyprus has become the first university in the world to accept the virtual currency bitcoin, according to a press release on its website.

A number of auto dealers across the United States have started accepting Bitcoin as payment in exchange for supercars. One of the known news is of Peter Saddington, a serial entrepreneur, and YouTuber, who purchased Lamborghini Hurricane for 45 bitcoins and also printed the name of his website on the back of his car. Other cases are of Ricardo Lockette, a retired Seattle Seahawk, and Quavious Marshall better known as Quavo, who bought their silica white McLaren 720 and blue Lamborghini Hurricane respectively via Bitcoin.

And the most trending news regarding the Bitcoin is that you can now buy bitcoin on the way. Likewise, fiat currency has myriad ATMs, the number of BTM or Bitcoin ATMs are increasing every day.

This isn’t all, Burger King in the Netherlands, leading traveling agency Expedia, Microsoft (to buy apps in windows and Xbox app store), virgin galactic, overstock.com and number of other digital and retail outlets have started accepting Bitcoin as payment. Even NASDAQ is thinking to list the Bitcoin as the commodity for daily trading.

There is the wide range of speculations hovering around the crypto sphere regarding the future of Bitcoin as 80% bitcoin (out of 21 million) have already come to existence while remaining 20% are yet to be mined and the estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. Till then relax and have the cup of coffee as no one can predict what will happen to that point of time.