History of the bitcoin’s price

History of the bitcoin’s price

History of the bitcoin’s price

Bitcoin has one a volatile trading history since the time it was created in 2009. The digital type of cryptocurrency has seen a lot in its short life. Initially, bitcoins were traded for next to nothing. The first real price of bitcoin increase occurred in the month of July 2010 when the valuation of a bitcoin went from approx. $0.0008 to $0.08 for each coin. This currency has seen some of the big rallies as well as crashes since then. The interest in bitcoin is surging now, pushing its price around 150% during the year 2020, according to Forbes. As per data, on 23 November 2020, there were more than 18.5 million bitcoins in circulation around the people. Earlier, one btc price had a market capitalization of around $340 billion and were traded in the $18.000 range per coin.

interest in bitcoin

Key points

  1. Bitcoin is the first type of blockchain-based cryptocurrency around the world. It is considered the most widespread as well as successful.
  2. It was launched in 2009, at that time the price of one bitcoin was around some dollars for its first few years.
  3. The btc price then reached a peak of $1983 per bitcoin in 2017 and then fluctuated a bit, averaging about $7000  in April 2020.
  4. The renewed interest in bitcoin cause its price to surge by more than 150% in the year 2020, reaching around $18,353 on 23rd November.

What can be the value of a bitcoin in 2030

Predictions on the value of bitcoin depend upon who calculates the estimate. According to Jeremy Liew, who is a partner at lightspeed venture partners, bitcoin can reach up to $500 000 per coin in 2030. On the other hand, according to the June 2020 crypto research report, the value of the cryptocurrency could go over $397,000 by the year 2030.

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