Who designed the Bitcoin logo?

by James · July 5, 2022

The bright orange Bitcoin (BTC) logo has for over a decade become synonymous with economic freedom in the midst of modern recession and strict government supervision. But contrary to the mysteries associated with the origins of Bitcoin, the development of the Bitcoin “₿” logo is quite documented in the depths of the internet.

When Bitcoin was introduced 13 years ago by creator Satoshi Nakamoto, the first iteration of the Bitcoin logo represented a gold coin with a “BC” text embedded in the center, as shown below.

On February 24, 2010, however, Nakamoto introduced a new Bitcoin logo, which saw the “BC” text replaced with “₿” embedded in the gold coin.

*Satoshi Nakamoto’s second attempt at the Bitcoin logo. Source: bitcointalk.org*

Based on feedback from the community, Satoshi then incorporated changes to the new logo and released the copyrighted images to the public domain. The logo was then accepted as the official logo for Bitcoin for a short period.

*Satoshi Nakamoto incorporates design changes based on feedback from the community. Source: bitcointalk.org*

The decentralized nature of the Bitcoin ecosystem allows the public to contribute to the Bitcoin network in various forms based on community consensus, including logo design. On November 1, 2010, the Bitcoin community member bitboy – not to be confused with YouTuber BitBoy Crypto – released a new iteration of the Bitcoin logo based on Satoshi’s design. This time, however, the designer chose to replace the gold coin with the iconic orange circle and tilted the “₿” logo 14% clockwise.

*bitboys design aka official Bitcoin logo. Source: bitcointalk.org*

As a result of overwhelming community support, bitboy’s design has been the official logo of Bitcoin for the past 12 years. After releasing the final version of the Bitcoin logo, bitboy stated:

“Now anyone can use the graphics freely even for commercial purposes with this license and not bound by any restrictions.”

Enthusiasts continue to issue new logos for Bitcoin to this day, but the BTC community has yet to come across a symbol that comes close to the beloved orange ₿.

Related: The Bitcoin ecosystem is making a complete turnaround in global ATM installations

Bitcoin ATM installations made a sharp improvement in June after witnessing a steady decline through 2022.

*Diagram showing the net change in the number of cryptocurrency machines installed and removed monthly. Source: Coin ATM Radar*

The graph above shows that the fall in May 2022 reached an area that was last seen in 2019. Over the last two years, in 2020 and 2021, Bitcoin ATM installations grew consistently due to friendlier regulatory landscapes in the middle of a rewarding market when many cryptocurrencies reached everything. time heights at the moment.