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What influences the price of conclusion?

Bitcoin is by nature very volatile. This means that BTC can present many surprises to traders and investors. In 2017, for example, markets jumped more than 220 percent to nearly $20,000. In the opposite direction, the price fell sharply during what was dubbed the "crypto winter" of 2018. Bitcoin

Situation overview

When did Bitcoin appear and who was its founder?

Bitcoin appeared in 2009 and is the world's first decentralized cryptocurrency. Created by a developer or group of people under the pseudonym Satoshi Nakamoto, Bitcoin shaped the cryptocurrency market and paved the way for other cryptocurrencies.
The world's first decentralized digital payment system, Bitcoin, operates on blockchain technology. There is a limited number of Bitcoins - 21 million. This number is immutable and encoded in the system. Today, miners produce a new block every 10 minutes and receive 6.25 Bitcoins as a reward.

How much money around the world is stored in bitcoins?

Bitcoin is the world's leading cryptocurrency with the highest value and market capitalization. The current price of Bitcoin hovers around $9,200. Analysts consider 2020 to be a big year for Bitcoin and make positive predictions regarding its future price. As of June 2020, market capitalization Bitcoin is $169.9 billion.

How to store bitcoins?

Bitcoins can be stored in a variety of crypto wallets. You can choose from so-called “hot wallets” (software applications) or “cold wallets” (special hardware devices). While hot wallets are considered a more flexible solution for exchanging cryptocurrencies, cold wallets are used as a safer option for storing cryptocurrencies for a long period of time. In any case, Bitcoin wallets are cryptographically protected, and in order to transfer your Bitcoins you must have a "private key."

Ways to use Bitcoin

Digital money

When it comes to online payments, Bitcoin is becoming a strong alternative to traditional fiat currencies. Today, you can even buy a cup of morning coffee with BTC

Speculative asset

The price of Bitcoin is always volatile, which provides a strong potential for speculation. BTC is the most popular cryptocurrency among traders who trade and profit from fluctuations in Bitcoin prices.

Savings facility

Bitcoin has proven its ability to be a profitable investment. According to Delphi Digital, in 2019 Bitcoin was named the “King of the Asset Class Hill” with 60 percent growth in less than two months.

Bitcoin price chart: historical data.

The price history of Bitcoin has undergone dramatic changes since its inception
  • 2009 Creation and start of Bitcoin mining.
  • 2010 Bitcoin enters the market for the first time. Lazlo Hanes makes the first real transaction with Bitcoin, buying two pizzas for 10,000 BTC.
  • 2011-2012 The price of Bitcoin reaches $31 and then falls back to 10 percent of that value.
  • 2013 Bitcoin rises to $1,000 and then falls to $300, sparking rumors of an irreversible collapse.
  • 2014 The price of Bitcoin is trending higher. Meanwhile, Microsoft is starting to accept BTC as a means of payment.
  • 2015-2016 Bitcoin price is recovering. Reaching $770 in 2016 and proving that BTC is alive.
  • 2017 Significant price surge driven by international interest. Bitcoin price rises from $1,000 to $20,000.
  • 2018 Bitcoin is experiencing a sharp decline. Prices are sagging by 60 percent and stopping at around $3,200.
  • 2019 Bitcoin is cementing its position as a widely used cryptocurrency. Awareness and mass adoption are growing. The price rises to the $10,000 level, marking the end of the 2018 crypto winter.
  • 2021 Bitcoin's capitalization has surpassed $1 trillion as the price of the cryptocurrency reached its all-time high of $62,000 in March 2021. Growing interest and adoption of Bitcoin by institutional investors such as Tesla, Square, MicroStrategy and PayPal contributes to a positive outlook for Bitcoin price growth until the end of the year and beyond.