TIME Magazine publishes one of the first mainstream media articles about Bitcoin, titled "Online Cash Bitcoin Could Challenge Governments, Banks." The article introduced Bitcoin to millions of readers who had never heard of cryptocurrency.
The coverage helped spark Bitcoin's first major rally, with the price climbing from around $1 to over $30 within weeks. It also triggered the first wave of mainstream scrutiny, with questions about Bitcoin's legality, volatility, and potential for misuse.
TIME: Online Cash Bitcoin Could Challenge Governments