Bitcoin is a digital asset designed to act as a treasure trove that controls its creation and operation using cryptography without relying on central authorities. Coming to talk about the history of Bitcoin, Satoshi Nakamoto first introduced it to the financial investment market. It has proliferated throughout Bitcoin’s history to become a significant repository of value both on- and offline.
With the advancement of time, many businesses and organizations have started to accept bitcoins as their preferred cryptocurrency payment system. Bitcoin price history tracking lets you quickly and easily see how your investment is working in bitcoin mining. You can track Bitcoin’s opening quality, highs, and lows over time, including trading volume.
All the prices listed on this page are available through Coinbase – it is essential to check your investments from a single source as the value of different sellers will vary. For example, today, January 28, 2022, the price of Bitcoin at Coinbase is ₹ 27,21,216, with a daily change of -3.72%, while at WazirX, the price is ₹ 29,15,668 and a daily change of -3.85%. Read on to know further to have an overall better understanding.
All You Need To Know About The Price History of Bitcoins-
Bitcoin was designed as a medium for day-to-day transactions in the initial stages. Gradually, with the advancement of time, Bitcoin has become a mainstream exchange medium. Below, we will highlight the list of Bitcoin prices according to year.
Diving deeper into the price history of Bitcoins, there has been an extensive track record. Compared to other forms of cryptocurrencies, the market price of Bitcoins fluctuates quite often. If you are a Bitcoin trader, you must get a clear idea of the past market ratio of Bitcoins. Accordingly, you can prepare your mindset and plan to invest in Bitcoins accordingly.
To help you understand better, below is a quick rundown of the ups, downs, and big swings of the market price of Bitcoins. Read on further to have an overall better understanding.
- 2009-2015– When Satoshi Nakamoto first launched Bitcoin in 2009, the market price of Bitcoin was, most surprisingly, Yes, you heard that right! Then, gradually, the market price of Bitcoin prices rose again on April 13, 2011, reaching a peak of $ 1 to $ 29.60 by June 7, 2021, rising by 2,960% in three months. 3 A sharp downturn has followed the cryptocurrency market, and the price of Bitcoin has fallen below $ 25. -November.4 Next year, May 9 prices rose from $ 4.85 to .5 13.50 between August 15.5.
- 2016-2020– Since 2016, prices have been slowly rising above $ 900 by the end of the year. In 2017, the cost of Bitcoin was close to $ 1,000 until it broke $ 2,000 in mid-May and then took notice of the skyrocketing to 19,345.49 on December 15, and other entities began to create cryptocurrencies to compete with Bitcoin.
- 2021- Bitcoin took less than a month in 2021 to break its 2020 value record, surpassing $ 40,000 by January 7, 2021. By mid-April, the price of Bitcoin had reached an all-time high of $ 60,000, according to Coinbase, a cryptocurrency that was a public exchange. 13 Institutional interest pushed its price higher, and Bitcoin peaked at over $ 63,000 on April 12, 2021. In the summer of 2021, prices fell 50%, reaching a low of 29,795.55 on July 19.
Future of Bitcoin Market Rate- How High Will It Go Up?
The financial market predicts that the market price of Bitcoin will reach almost $100,000 by the end of 2022. The major financial institutions have also thrown predictions into the debate, mentioning that the market price of Bitcoin will reach the heights of $146,000, which, most surprisingly, could go up to $400,000 by the end of 2022.
Final Words
So, this was a complete overview of the price history of bitcoins that you needed to look at. The market price of Bitcoin and other cryptocurrencies mostly depends on the supply and demand of cryptocurrencies. If the market demand of Bitcoin increases, then it is no doubt the market value of Bitcoin will also increase with the advancement of time.