Bitcoin Logo Meaning: Who Created It?

Bittime - Bitcoin, the largest crypto asset by market capitalization, has a very iconic logo. The orange logo with white “₿” in the center has become a symbol of financial freedom and decentralization around the world. 

However, did you know that the Bitcoin logo was not always the one we know today? Let's take a look at the history and evolution of the Bitcoin logo and who is behind the design!

The Beginning of the Bitcoin Logo

When Satoshi Nakamoto created Bitcoin in 2009, the first logo used was not the “₿” symbol we see today. 

The Bitcoin logo was originally a gold coin with the initials “BC” in the middle. This design reflects the concept of Bitcoin as digital gold, namely an asset that can store value in the long term.

However, on February 24, 2010, Satoshi introduced a new version, inspired by the currency symbols of the US Dollar and Thai Baht. The letters “BC” in the center of the gold coin were replaced with the symbol “₿” which has two vertical lines at the top and bottom. 

Read Also: Historical Bitcoin Price Movement 2017

Bitcoin Logo Now

Because Bitcoin is a decentralized system, the community had a big role in its development, including in the design of the logo. 

One of the community members known by name Bitboy (not YouTuber BitBoy Crypto) proposed major changes to the Bitcoin logo.

On 1 November 2010, Bitboy released a new design which became the version of the Bitcoin logo we know today. The main changes made are as follows.

1. Removed the gold coin element and replaced it with flat orange circle.

2. Tilt the “₿” symbol by 14 degrees clockwise to make it look more dynamic.

This design received a warm welcome from the Bitcoin community and has since become the official logo used to this day. 

Bitboy even allows it anybody to use this Bitcoin logo design for free, including for commercial purposes, without copyright restrictions.

Read Also: Donald Trump Signs Creation of US Bitcoin Reserve

Bitcoin Logo Meaning

The Bitcoin logo is not just an image, it also has many symbolic elements that show the philosophy and technology behind Bitcoin.

1. Orange Circle: The orange color was chosen because it is striking, easy to recognize, and suitable for use in various media, both digital and print. The circle shape also symbolizes eternity, continuity, and openness, which fits the principle of Bitcoin as an infinite global financial system.

2. Letter “₿” with Two Vertical Lines: This line is similar to the currency symbols of the US dollar ($) and Thai baht (฿). However, in the Bitcoin logo, these lines does not penetrate the letter B completely, which shows Bitcoin's differences from traditional financial systems.

3. 14 Degree Slope: The Bitboy design tilts the “₿” symbol 14 degrees to the right. This number is the result of mathematical calculations that are related to the blockchain concept and the number eight (8), which often appears in the geometry of this logo.

Bitcoin Logo is Very Popular

As Bitcoin grows, this logo also becomes more widely known. With its simple and easily recognizable design, the Bitcoin logo has become a global icon representing financial freedom and decentralization. 

Currently, the symbol “₿” can be found in various places, starting from crypto exchanges, Bitcoin ATMs, to clothing and merchandise. Even people who don't understand crypto often recognize this logo as something related to digital assets.

Although some members of the community continued to create variations of the Bitcoin logo, the Bitboy design remained the official version used for over 12 years. 

Read Also: Bitcoin Vs Gold Investment in 2025: Which Makes More Money?

Bitcoin FAQs

What are Bitcoins?

Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.

How many Rupiah is 1 BTC?

Currently, 1 BTC is worth IDR 1,370,350,800 based on the Bittime market. 

1 BTC How much is USD?

Currently, 1 BTC is worth $83,656.03 according to Coinmarketcap. 

How to Buy Crypto with Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

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Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coin Telegraph, The BTC origin story: Who designed the Bitcoin logo?, accessed March 17, 2024.

Bitcoin Magazine, The History and Symbolism Behind Bitcoin’s Logo, accessed March 17, 2024.

Author: IPR