Pay attention to this...

Can you guess which event triggered Bitcoin's first major price spike above $1 in April 2011?

. The launch of Mt. Gox as the first major exchange

. The creation of the Silk Road marketplace

. A mainstream news article in Time magazine

. The Bitcoin halving event

Take a moment to think before scrolling.

Answer: The creation of the Silk Road marketplace in February 2011 provided a real-world use case for Bitcoin as a medium of exchange. This drove demand and pushed the price from under $1 to over $30 by June 2011. The Silk Road was a darknet market that allowed anonymous transactions. It was shut down by the FBI in 2013.

Here is another quick one. In which year did Bitcoin first exceed $1,000 for the first time?

. 2011

. 2013

. 2015

. 2017

Answer: 2013. Bitcoin hit $1,147 in November 201

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