Bitcoin was created in the wake of the last great financial crisis of 2008 by an anonymous person, or group of people, known under the pseudonym, Satoshi Nakamoto.
In May 2010, a programmer purchased two large Papa John's pizzas for 10,000 bitcoins, worth about $30 at the time.
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When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.
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Bitcoin has a maximum market cap of 21 million coins. So, if all coins were distributed to the population equally, each person would receive around ~0.0027 BTC. That’s roughly $200 AUD.