how bitcoin rise

From a speculative cryptocurrency in 2009 to an established asset in 2022, Bitcoin's journey has been characterized by surges, volatility, and growing institutional adoption.

Oct 04, 2024 at 09:30 am

How Bitcoin Gained Prominence: A Chronological Journey

1. Early Beginnings (2008-2010)

• October 2008: Bitcoin's whitepaper is published by Satoshi Nakamoto.
• January 2009: Bitcoin's blockchain goes live after the Genesis Block is mined.
• 2010: Bitcoin's value reaches $0.0008 per coin.

2. Initial Surge and Volatility (2011-2013)

• June 2011: Bitcoin hits a record high of $32 per coin.
• July 2011: Bitcoin suffers a major correction, falling below $10.
• April 2013: Bitcoin experiences a rapid rise, reaching $266 per coin.
• December 2013: Bitcoin sets a new all-time high of $1,242.

3. Widespread Acceptance and Volatility (2014-2017)

• January 2014: Bitcoin starts gaining traction as a payment method for online purchases.
• July 2015: Bitcoin experiences a major sell-off, falling to below $200.
• December 2017: Bitcoin reaches its highest-ever price of $19,783.

4. Market Maturation and Institutional Interest (2018-2020)

• January 2018: Bitcoin enters a prolonged bear market, falling to around $3,500.
• December 2019: Bitcoin begins to recover, reaching $7,000.
• March 2020: Bitcoin experiences a sharp decline during the COVID-19 pandemic, falling to below $5,000.

5. Bullish Run and Institutional Adoption (2021-Present)

• January 2021: Bitcoin sets a new all-time high of $41,940.
• November 2021: Bitcoin reaches $69,000, marking another all-time high.
• April 2022: Bitcoin falls to $35,000 amid a broader market downturn.
• June 2022: Bitcoin stabilizes around $21,000, signaling a potential rebound.