On July 18, 2012, after a six month span of stabilization at around $5.00, Bitcoin soars above $9.00 for the first time in almost a year. Experiencing a 40% increase in the past month, while transaction counts doubled from 10k transactions each day to more than 20k transactions per day, stirred up questions regarding Bitcoin’s newfound public interest.

Vices like pornography and gambling continued being a significant push for its value, but other new uses for the currency continued to unfold. Most notably:

• Coinbase was accepted by Y Combinator startup accelerator program with a mission to make Bitcoin more accessible to the masses.
• A German student built the first Bitcoin vending machine.
• Transactions between Bitcoin and Linden dollars, Second Life’s official currency, grew in volume, boosting Bitcoin’s liquidity during a time when exchanges were facing many legal challenges.

This is a 1 /10 Limited Edition NFT. This artwork is limited to only 10 NFTs available for purchase.

Art details: Original digital hand painted motion art portrait. (Not Computer Generated) The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.2 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt