To date, enthusiasts have continued to release different Bitcoin logos, but the BTC community has yet to come across an icon that comes close to the popular orange ₿.
For more than a decade, the bright orange Bitcoin (BTC) logo has become synonymous with financial freedom in the face of modern-day recession and tight governmental supervision. Unlike the mysteries surrounding Bitcoin’s beginnings, the evolution of the Bitcoin “₿” logo is well recorded in the depths of the internet.
When Satoshi Nakamoto introduced Bitcoin 13 years ago, the first prototype of the Bitcoin logo included a gold coin with the inscription “BC” embedded in the center, as shown below.
However, on February 24, 2010, Nakamoto created a new Bitcoin logo, replacing the “BC” letters with “₿” embedded within the gold coin.
Satoshi then incorporated community suggestions into the new logo and released the copyright-free pictures into the public domain. For a brief period of time, the logo was acknowledged as the official logo for Bitcoin.
The Bitcoin ecosystem’s decentralized nature allows the general public to participate to the Bitcoin network in a variety of ways based on community consensus, including logo designs. On November 1, 2010, Bitcoin community member bitboy unveiled an updated variant of Satoshi’s design of the Bitcoin logo. This time, though, the designer replaced the gold coin with the characteristic orange circle and tiled the “₿” logo 14% clockwise.
Bitboy’s artwork has served as the official logo for Bitcoin for the past 12 years, thanks to strong community support. Bitboy commented after publishing the finished version of the Bitcoin logo:
“Now everyone can make use of the graphics freely even for commercial purposes with this license and not bound by any restriction.”
To date, enthusiasts have continued to release different Bitcoin logos, but the BTC community has yet to come across a symbol that comes close to the beloved orange.
After a steady decline throughout 2022, Bitcoin ATM installations made a strong comeback in June.
The graph above illustrates that the decrease in May 2022 reached a level last seen in 2019. Over the last two years, in 2020 and 2021, Bitcoin ATM installations increased steadily due to better regulatory settings in a rewarding market where multiple cryptocurrencies briefly reached all-time highs.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews