Let’s start at the beginning. In 2009, Bitcoin was first created and had no value. It wasn’t until 2010 that someone decided to buy two pizzas with 10,000 Bitcoins, establishing the first ever Bitcoin transaction and giving it a price of $0.003. Fast forward to 2011, when Bitcoin started to gain traction and reached a price of $1. It was a huge milestone, but it was just the beginning.
In 2013, Bitcoin saw its first major price surge, reaching a high of $1,242 before crashing down to $200. The reasons for this are still debated, but it is widely believed that market manipulation played a role. The next few years saw a period of stability, with Bitcoin trading at around $500 to $1,000.
Then came 2017, a year that will forever be remembered by Bitcoin enthusiasts. The price skyrocketed from around $1,000 to almost $20,000 by the end of the year. It was a time of euphoria and optimism, but it didn’t last long. The price crashed down to $3,000 in 2018 and remained relatively stable for the next few years.
But in 2020, Bitcoin once again caught fire, with the price surging from $7,000 to almost $65,000 in just a few months. This time, it was driven by institutional investors and the increasing mainstream adoption of cryptocurrencies. As of today, the price remains volatile, but many believe that Bitcoin is here to stay and will continue to play a major role in the future of finance.