#BTC100KTrumpEffect

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 June 2011, Bitcoin’s price had hit nearly $30, a seemingly unimaginable rise from just months before. And that’s where it topped out for the year. Bitcoin spent the remainder of 2011 just dwindling to as low as $2, before finishing the year at $4.70. After this bubble burst and a more than 90 percent fall from its all-time high, it might have seemed as if the Bitcoin fad was over.

In 2012, Bitcoin spent much of the year consolidating, slowly growing stronger throughout the year. In November 2012, Bitcoin went through its first “halving,” a change in the reward structure for miners, where they receive half as many bitcoins for mining blocks on the blockchain. As 2012 came to an end, Bitcoin finished at $13.50, just off the highs for the year.

That consolidation set up Bitcoin for a strong run in 2013 when it began to attract more notice outside a niche audience of techies and hobbyists. The world’s first Bitcoin ATM was installed in Vancouver, allowing buyers to change fiat money for crypto. By the end of January, Bitcoin’s price had already risen to more than $20. The momentum built from there, as interest spread.

By early March, Bitcoin had already doubled again, rising to more than $40. A couple of weeks later it surpassed $50, and then days later $60. It climbed to $