$BTC

Bitcoin was launched in 2009 as a decentralized digital currency, created by Satoshi Nakamoto. Initially, it had no market value, but soon began to gain attention. Here are some important points about the history of Bitcoin:

Early Years

- *2009*: Bitcoin was launched at a price of $0.

- *2010*: The price rose to $0.20 in October.

- *2011*: Bitcoin reached $1 for the first time and then surged to $30, but fell to $5 by the end of the year.

Growth and Volatility

- *2013*: The price of Bitcoin rose from $13 to over $1,000.

- *2015*: The price stabilized around $250.

- *2016-2020*: Institutional interest increased, and the price approached $20,000 in 2017.

- *2020*: The COVID-19 pandemic impacted the markets, but Bitcoin became a "safe haven" for investors, and its price rose to $29,000 in December.

New Records and Uncertainties

- *2021*: Bitcoin reached $69,000, driven by institutional interest and the public debut of Coinbase.

- *2022*: The price fell below $30,000 due to market volatility.

- *2024*: The approval of spot Bitcoin ETFs in the U.S. pushed the price above $60,000, reaching a new record of $75,830 in March.

Factors Influencing the Price

- *Supply and Demand*: The limited supply of 21 million coins and the reduction in supply every four years during the "halving" event impact the price.

- *Investor Sentiment*: Investor behavior influences the volatility of Bitcoin.

- *Regulatory Changes*: Governments and financial institutions can affect the value of Bitcoin through regulatory measures.

- *Competition from Other Cryptocurrencies*: Other cryptocurrencies compete for market space.

- *Global Events and Economic Factors*: Economic instability and inflation may drive investors to Bitcoin as a form of protection.¹