2023 was a standout year for Bitcoin. The asset is up over 150% year-to-date in U.S. dollar terms.

But aside from price alone, there were many significant developments that impacted Bitcoin in historic ways. This year saw epic banking collapses, fake news scandals, record high hashrates, rising transaction fees, new accounting rules, the election of a pro-Bitcoin president in South America, and further confirmation of Bitcoin mining being beneficial for the environment. 

Here is the Bitcoin 2023 recap, with details on 7 of the most influential events for Bitcoin in 2023.

Banking Collapses Started a Rally

2023 saw more bank failures than any year in history. One of…

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