• Bitcoin’s price history has been turbulent, with multiple appreciations of 1,000% and drops by as much as 80 or 90%.
• Bitcoin was created in 2008 to challenge the existing system of centralized, credit-based money.
• Its journey from $0 in 2009 to $68,000 in only 13 years is largely driven by its own halving cycles and macroeconomic events.
Overview
Bitcoin is an innovative monetary system created to challenge the existing system of centralized, credit-based money issued by bureaucrats and unstable banks. From humble beginnings it has had a turbulent history with multiple appreciations of 1,000% in value followed by drops by as much as 80 or 90%. This resilience has proven some seasoned investors wrong and won new supporters along the way. In 13 years it has grown from $0 to $68,000.
Price History
The figures vary somewhat based on the data source chosen but since 2010 bitcoin’s price history can be broken down year after year around critical events that have shaped it:
- 2010: $0.003 – $0.309 (9,900% increase)
- 2011: $0.30 – $4.70 (1,467% increase)
- 2012: $4 – $13.30 (183% increase)
- 2013: $13 – $8055 (5,953% increase)
- 2014: $310 – $318 (-61% decrease)
- 2015: $172 – $434 (36 % increase)
- < li >< b >2016 : < / b >$351 – 966 ( 123 % increase ) < / li >< li >< b > 2017 : < / b >$784 – 14 , 245 ( 1 , 375 % increase ) < / li >< li >< b > 2018 : < / b >$3 , 217 – 3 , 809 ( – 72 % decrease ) < / li >< li >< b > 2019 : < / b >3 , 401 – 7 , 240 ( 88 % increase ) < / li >< li >< b > 2020 : < / b >3 , 850 – 28 , 951 ( 302 % increase ) < / li >< li >< b > 2021 : < / B = "">29796-$46430(60%increase)
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