Sunday September 11, 2022 ▪ 6:00 pm ▪
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Bitcoin (BTC) is the first cryptocurrency in history. Created in 2009, it is both the most popular and the one with the highest market capitalization. Due to the ATH it reached in November 2021 at $69,045, it is little else in the annals. But, to better understand the evolution of the king of the crypts, we have to go back. Ten years ago, bitcoin was not as valuable as it is today.
Bitcoin has broken several records in 10 years
There is regret that an investor can follow for a lifetime. For example, if you had invested in bitcoin 10 years ago, you would definitely be rich now. For the record, before 2011, the first digital currency was even less than a dollar. It is only in February of the following year that bitcoin, for the first time, crossed parity with the dollar.
Ten years later, still in February, the price of the first virtual currency finally crossed $50,000. A few months later, the best digital currency reaches ATH with a value of 69,045 dollars. The sequence will be less rosy with a price that will fall during the year 2022. The average price of each BTC in April was 45,528 dollars, it fell to 31 dollars in May. As of July, its average value was under $21. So if you had invested $1,000 in bitcoins in 2012, today you would have fortune over $1,930,000.
Relive some important dates from the king of crypto since 2012
First of all, 2012 was a quiet year for bitcoin as the value of the coin was greatly reduced. This is also explained by the scarcity of platforms that offer the currency at this time. A year later, in 2013, he would receive his ATH at the time with a value of over $1,000, which was as much as gold before it fell to $600. In 2014, some businesses started accepting payments in BTC, good news that will allow the price to be limited at 1,150 dollars.
The next two years with the inevitable Brexit announcement, bitcoin remained very volatile. 2017 will be a turning point for cryptocurrencies, because the media is starting to show interest in them. The best cryptocurrency will even reach a value of $20,000. After two difficult years in 2018 and 2019, Bitcoin is bouncing back in 2020. This period coincides with investors’ desire to find alternative payment methods.
The year 2021 will surely be the most important in history, the queen of digital currencies with her ATH in November. 2022 will be less interesting, the fault of a bearish market that continues to shake the whole world of cryptos and Bitcoin in particular.
Conclusion
From 2012 to 2022, bitcoin continued to progress and several records were broken. If there is only one date to remember, it is November 10, 2021, the day bitcoin reached its highest historical value. Despite the difficult year 2022, we must be optimistic, because Bitcoin is used to reversals of situations.
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A doctoral student in financial law and an experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.
