Bitcoin's history dates back to 2009 when it was first introduced. Here's a brief overview:
Early Days (2009-2010)
- Bitcoin's first recorded price was $0.00099/BTC in 2009, when a forum user named NewLibertyStandard set up an exchange.
- In 2010, Bitcoin's price never exceeded $1, with a highest price of $0.39.
- A notable event in 2010 was the purchase of two Papa John's pizzas for 10,000 BTC by Laszlo Hanyecz.
Growth and Adoption (2011-2013)
- Bitcoin reached $1 for the first time on February 9, 2011.
- By June 2011, the price had risen to $10 and later hit $30 on Mt. Gox.
- In 2013, Bitcoin's price surged to nearly $250 in April and later exceeded $1,100 in December.
Volatility and Mainstream Recognition (2014-2017)
- 2014 saw a significant price drop after Mt. Gox's bankruptcy, but companies like (link unavailable) and Microsoft began accepting Bitcoin.
- In 2017, Bitcoin's price skyrocketed to nearly $20,000, breaking into mainstream public opinion.
Recent Trends (2018-2022)
- 2018 was a tough year for Bitcoin, with a year-on-year return of -73%.
- In 2020, Bitcoin's price rallied 185% to close at nearly $29,000, driven by institutional investment.
- In 2021, Bitcoin's price reached a peak of nearly $60,000, while 2022 saw a decline to around $30,000 ¹.#BitcoinWithTariffs