The bright orange Bitcoin (BTCThe ) logo, for more than a decade, has become synonymous with financial freedom in the midst of the modern recession and strict government oversight. However, unlike the mysteries related to the origin of Bitcoin, the development of the Bitcoin ‘₿’ logo is well documented in the depths of the Internet.
When Bitcoin was introduced 13 years ago by the creator Satoshi Nakamotothe first iteration of the Bitcoin logo depicted a gold coin with the text “BC” embedded in the center, as shown below.
However, on February 24, 2010, Nakamoto came up with a new Bitcoin logo, which saw the replacement of the “BC” text with “₿” embedded within the gold coin.
Based on community feedback, Satoshi then incorporated changes to the new logo and released the copyright-free images into the public domain. The logo then went on to be accepted as the official Bitcoin logo for a short period of time.
The decentralized nature of the Bitcoin ecosystem allows the general public to contribute to the Bitcoin network in a variety of ways based on community consensus, including logo designs. On November 1, 2010, a member of the Bitcoin community toddler released a new iteration of the Bitcoin logo based on Satoshi’s design. However, this time the designer chose to replace the gold coin with the iconic orange circle and tiled the “₿” logo 14% clockwise.
As a result of overwhelming community support, the bitboy design has been the official Bitcoin logo for the past 12 years. After releasing the final version of the Bitcoin logo, bitboy stated:
“Now everyone can use the graphics freely even for commercial purposes with this license and without being subject to any restrictions.”
Enthusiasts continue to release new logos for Bitcoin to date, but the BTC community has yet to find a symbol that even comes close to the beloved orange ₿.
Related: Bitcoin Ecosystem Makes U-Turn Recovery in Global ATM Installations
Bitcoin ATM installations rebounded sharply in June after witnessing a steady decline throughout 2022.
The chart above shows that the May 2022 crash hit a range last seen in 2019. Over the last two years, in 2020 and 2021, Bitcoin ATM installations grew steadily due to friendlier regulatory landscapes in amidst a rewarding market when numerous cryptocurrencies peaked. time highs momentarily.