Any idea which coin could become the next Bitcoin or Eth in the next 10 years?
Bitcoin's Price History$
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2009–2015
Bitcoin had a price of zero when it was introduced in 2009. Its price jumped from its long-held level of $0.10 to $0.20 on Oct. 26, 2010. Before the year had closed out, it had reached $0.30. In 2011, it started growing past $1, reaching a peak of $29.60 on June 8, 2011; however, a sharp recession in cryptocurrency markets followed, and $BTC coin's price dropped, closing the year at about $5.
2016–2020
Prices slowly climbed through 2016 to over $900 by the end of the year. In 2017, Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.2
Mainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin.
Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in June 2019, with the price surpassing $10,000. However, it fell to a closing price of $6,612 by mid-December.
In 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The cryptocurrency opened the year at $7,161. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise.
At the close on Nov. 23, Bitcoin was trading for $18,383. Bitcoin's price closed at $28,993 on Dec. 31, 2020, increasing 416% from the start of that year.
2021–2023
Bitcoin took less than a month in 2021 to smash its 2020 price record, surpassing $40,000 by Jan. 7, 2021. By mid-April, Bitcoin prices reached new all-time highs of over $60,000 as Coinbase, a cryptocurrency exchange, went public. Institutional interest propelled its price further upward, and Bitcoin reached a peak of $64,895 on April 14, 2021.2
By the summer of 2021, however, prices were down by 50%, closing at $30,829 on July 19. September saw another bull run, with BTC scraping $52,956, but a large drawdown took it to a closing price of $40,597 about two weeks later.2
On Nov. 10, 2021, Bitcoin again reached an all-time high of $69,000 before closing at $64,921. In mid-December 2021, Bitcoin fell to a close of $46,211. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.2
Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11. This was the first time since July 2021 that Bitcoin closed under $30,000. On June 13, crypto prices plunged, dropping below $23,000 for the first time since Dec. 2020. By the end of 2022, it was under $20,000.3
Fortunes changed in 2023 as Bitcoin opened the year at a price of $16,530. It rose consistently throughout 2023, ending the year at $42,258.2
Bitcoin Prices 2024
In January 2024, the long fight for Bitcoin Spot ETFs came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products. Some brokerages swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.
The outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from.
Early 2024
Bitcoin's price climbed quickly after the fund approvals—in late February and early March, it once again breached $60,000, setting a high of $69,210 on March 6 and another of $70,184 on March 8. On March 1, Bitcoin continued setting records, reaching $73,835 on Coinbase.
Mid 2024
On April 19, 2024, Bitcoin had its fourth and latest halving event, reducing the reward for a mined block from 6.25 $BTC to 3.25 $BTC . The cryptocurrency recorded a modest gain that day and closed at $63,821.
On September 18, 2024, the U.S. Federal Reserve announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75%-5%. Predictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of "mimicking" the stock market and, on Sep. 19, 2024, traded around $64,000, sharply higher than its price of about $60,000 just two days prior.
Late 2024
On Nov. 7, 2024, Bitcoin's price hit another all-time high of $76,999 on Coinbase following Donald Trump's re-election as President before closing at $75,820, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the $80,000 threshold on Crypto.com ($80,152.38). On Nov. 11, it continued pushing boundaries, and on the morning of Nov. 13, it made it past $91,000 ($91,203.83) on Coinbase. Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of $99,637 on Oanda, $99,543 on Coinbase, and $99,555 on Gemini on Nov. 22, 2024, by mid-day.456 At about 3 p.m. ET, Bitcoin broke through $100,000 on a European exchange, Whitebit, and closed at $99,513.13.7
These significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America "the crypto capital of the world," and creating a "Strategic Bitcoin Reserve," among others.
Early 2025
In January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that Microstrategy purchased $1.1 billion BTC on January 21. That day, prices rose to a high of $109,993 on Whitebit before settling to close at $106,749 on Whitebit on January 22.