may have heard success stories like a man in 2009. He bought $ 27 worth of bitcoins and then sold the same number of bitcoins a few years later at an incredible price.
How difficult it is to accurately predict the value of Bitcoin in the future. Let’s take a look. How Bitcoin has grown over the years and where it can go.
A brief history of the price of Bitcoin
The first bitcoin transaction took place on January 12, 2009 between the creator of Satoshi Nakamoto and the developer of Hall Finney. On October 5, New Liberty Standard online publications raised the Bitcoin exchange rate by $ 1.
July 2010 Founder Gox brings the mountain. It’s the bitcoin exchange that eventually becomes the biggest player on the market. We will start our Bitcoin price history in 2011 using figures from the CoinDesk price index.
2011: The wrong start for Bitcoin
Earlier this year, a Bitcoin was finally worth as much as a US dollar. In just a few months, the price of Bitcoin has exceeded $ 10.
However, on June 19, the mountain. Gox was hacked, causing customers to lose more than 4,000 BTC. The value of Bitcoin was suspended for about $ 30 for a few days and began to fall slowly to about $ 4 by the end of the year.
2012: Bitcoin rises steadily
Bitcoin experienced a recovery in 2012. Cryptocurrency did not reach the same level as last year, but rose again by the end of the year. June saw the founding of Coinbase, which is one of the largest bitcoin operating systems today.
2013: Shoot Bitcoin into the Stratosphere
In February, Bitcoin surpassed its previous high and dropped to $ 30 after continuing its value.
At the same time, Mount Gox failed because bitcoin transactions prevailed on its servers. Ross O’Brien, founder of the Dark Silk Road Cloud Market (where Bitcoin is frequently used), was arrested on October 1 by the FBI. That same month, Bitcoin Mark broke $ 200.
Chinese investment in Bitcoin has pushed up the price of cryptocurrency even further.
2014: An almost difficult year
Bitcoin’s price hike came to an abrupt end, and cryptocurrency has consistently lost value over the course of a year. Gox Mountain finally closed its doors. However, Microsoft and PayPal, owned by Braintree, began accepting Bitcoin as payment.
2015: Bitcoin has kept steady
In late January, Coinbase launched its Bitcoin trading platform. At the same time, Gox CEO Mark Carpels was arrested.
But the European Court of Justice ruled that bitcoin is a currency, not real estate, and that VAT is not valued in the European Union. Bitcoin fell to $ 400 at the end of the year.
2016: Return to Form
OpenBazaar market software was released in the summer. This is a unique platform. Users can buy goods with Bitcoin. The price of Bitcoin in recovery mode approached its former glory at the beginning of the year with a break of about a thousand dollars.
2017: A Wild Rider
Bitcoin slowly rose from less than $ 1,000 earlier this year to $ 5,000 in October, $ 10,000 at the end of November, $ 15,000 the following week, and nearly $ 20,000 in mid-December. Before returning, it reached less than $ 14,000 in the last days of the year.