• Bitcoin was created in 2008 to challenge the existing centralized monetary system.
• It quickly rose from a value of $0 in 2009 to over $68,000 in 2021.
• Through its halving cycles and macroeconomic events, bitcoin has had a turbulent and volatile price history.
Introduction
Bitcoin was created in 2008 with the goal of challenging the traditional centralized monetary system. Despite its tumultuous and volatile price history, it has managed to rise from a value of $0 in 2009 to over $68,000 in 2021. In this article, we take you through bitcoin’s price history year after year around the critical events that shaped it into an innovative monetary system.
Price History
The following figures vary based on data source chosen:
2010 – Start: $0.003 | High: $0.40 | Low: $0 | EOY % Performance: 9,900%
2011 – Start: $0.30 | High:$32 | Low :$0.29 | EOY % Performance :1,467%
2012 – Start:$4.70| High :$16| Low : $4| EOY % Performance :183%
2013- Start:$13.30| High :$1,163| Low :$13| EOY % Performance :5,953%
2014- Start:$805| High :$936| Low :$310| EOY % Performance:-61%
2015-Start: 318 | High 465 |Low 172 |EOY%: 36 %
2016 – Start 434 High 981 Low 351 EOY%: 123%
2017 -Start 966 High 19 892 Low 784 EOY%: 1375 %
2018 -Start 13 657 High 18 343 Low 3 217 EOY%: -72 %
2019-Start 3 844 High 13 017 Low 3 401 EOY%: 88 % 2020-Start 7 200 High 29 096 Low 3 850&nbps EOY%:302 % 2021-Start 28 951&nbpos ;High 68 789 &nbpos ;Low 29 796 &nbpos ;EOY%: 60% 2022-Start 46 379 &nbpos ;High 47 835 &nbpos ;Low 18 490 &nbpos ;EOY%: -64% 2023 16 537—-
FAQs
How many times has bitcoin been declared dead? At least 463 times.
What is driving the swings in bitcoin’s price? Halving cycles as well as macroeconomic events.
Has bitcoin always bounced back after crashing? Yes, each time it has recovered its previous highs and gone on to set new ones.
Conclusion
Bitcoin has come a long way since its humble beginnings a decade ago and shows no signs of slowing down anytime soon despite occasional crashes and volatility along the way. Its resilience and recovery capabilities have proven some of the most seasoned investors wrong while winning new supporters along its journey from an experiment worth nothing to an innovative alternative currency worth over sixty thousand dollars today