According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!
By the end of 2012, Bitcoin had rallied to $12.56. During 2013, Bitcoin rose steadily to $198.51 by November, but experienced a significant spike, ending the month at $946.92. Volatility. 2014 was the first year in which Bitcoin ended lower than it started.
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin.
Bitcoin BTC/USD price history up until Jul 27, 2023
Bitcoin (BTC) price again reached an all-time high in 2021, as values exceeded over 65,000 USD in November 2021.
The closing price for Bitcoin (BTC) in 2016 was $963.74, on December 31, 2016. It was up 123.8% for the year. The latest price is $30,313.99. Daily pricing data for Bitcoin dates back to 7/17/2010, and may be incomplete.
Price barriers were torn apart with ease. BTC broke through INR 82,389 in early January 2017 and INR 1,64,733 in May 2017. BTC then doubled to INR 3,29,464 in August 2017.
The closing price for Bitcoin (BTC) in 2014 was $320.19, on December 31, 2014. It was down 57.6% for the year.
Bitcoin is up 55% in the first half of 2023, a remarkable turnaround that could signal the end of the crypto winter.
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin.
Our most recent Bitcoin price forecast indicates that its value will increase by 5.52% and reach $30,906 by July 31, 2023.
Start with as little as $1
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But practically speaking, the probability that Bitcoin would ever abruptly crash in this manner is very low. Even if several factors may cause Bitcoin's value to decline over time, it would need significant changes in the economic model and the network itself for Bitcoin to drastically go down to zero.
A small Rs 10,000 investment made in the digital currency bitcoin in 2010 would have increased 66,00,000%, netting the investor a cool Rs 66 crore. In 2010, bitcoin—the cryptocurrency that had then come into being only a year back—was valued at the average of USD 0.06 or Rs. 2.85.
A $1,000 investment in Bitcoin on Oct. 2, 2013 could have purchased 7.6342 Bitcoin based on a price of $130.99. The $1,000 investment would be worth $233,350.01 today based on a price of $30,566.40 for Bitcoin at the time of writing.
$10 of bitcoin is not likely to increase to $10,000 as it has in the past (although it still has a lot of room for growth). If you plan to buy bitcoin solely as an investment, it is probably not worth buying only $10 worth. A better idea might be investing $10 into Bitcoin every month.
Bitcoin passed US$1,000 on 28 November 2013 at Mt. Gox. No exchanges or market; users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value.
The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.
In June 2022 bitcoin dropped below $20,000 for the first time since 2020. This was prompted by the decision of Celsius Network, a major US cryptocurrency lending company, to freeze withdrawals and transfers, citing “extreme” conditions. The move fuelled a slump across the cryptocurrency market.
They predicted that Bitcoin could fall to $5,000 levels in 2023. Experts believe that the rising interest rates and tighter monetary policy will not allow Bitcoin to rebound sharply in the near future. As in this kind of uncertain market, investors will not prefer to invest or buy risky assets such as Bitcoin.
According to expert Bitcoin price prediction, the value of the popular digital currency could reach a minimum of $609,000 by 2050 and a maximum of $646,000. With continued adoption and development of blockchain technology in the near future, this could increase even further over time.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
Investor takeaway
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk.
$1 invested in Bitcoin 10 year ago would have earned you this much by now. When compared to its current worth, the price of a single Bitcoin (BTC) coin was just $13.30 in 2013. This is in stark contrast to the flagship digital asset current value.
Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public.
The all-time high of Bitcoin is $68,789.63.