Bitcoin's highs and lows since its existence, what an unbelievable run!

What Is Bitcoin's All-Time High Price?

Bitcoin reached an all-time high price of $68,789 in Nov. 2021

What Was Bitcoin's Cheapest Price?

Bitcoin began trading at $.09 in July 2010

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What an incredible thing to look at! What an unbelievable journey for Bitcoin so far, starting from such a low evaluation to an incredible ath almost 12 years later. Since it was first introduced, Bitcoin has had a choppy and volatile trading history, as an asset class, and it continues to evolve along with the factors that influence its prices. While Bitcoin is still a cryptocurrency, investors have also used it to store value and to hedge against inflation and market uncertainty. Let's take a closer look at this wild ride.

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2009-2023

• Bitcoin had a price of zero when it was introduced in 2009. On July 17, 2010, its price jumped to $.09
• Bitcoin's price rose again on April 13, 2011, from $1 to a peak of $29.60 by June 7, 2011, a gain of 2,960% within three months
• A sharp recession in cryptocurrency markets followed, and Bitcoin's price bottomed out at $2.05 by mid-November. The following year, its price rose from $4.85 on May 9 to $13.50 by Aug. 15
• The year 2012 proved to be a generally uneventful year for Bitcoin, but 2013 witnessed strong gains in price. Bitcoin began the year trading at $13.28 and reached $230 on April 8. An equally rapid deceleration in its price followed, bringing it down to $68.50 a few weeks later on July 4
• In early October of 2013, Bitcoin was trading at $123.00. By December, it had spiked to $1,237.55 and then fallen to $687.02 three days later. Bitcoin's price slumped through 2014 and touched $315.21 at the start of 2015
• 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 $19,345.49 on Dec. 15
• Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. However, it fell to $3441.99 by January 2019
• In 2020, the economy shut down due to the covid 19 pandemic. Bitcoin's price burst into action once again. Bitcoin started the year at $6,965.72, at the close on Nov. 23, Bitcoin was trading for $19,157.16. Bitcoin's price reached just under $29,000 in December 2020
• 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
• On Nov. 10, 2021, Bitcoin again reached an all-time high of $68,789, in mid-December 2021, Bitcoin fell to $46,164. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19
• Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching $47,445 by the end of March before falling further to $28,305 on May 11, by the end of 2022 Bitcoin dropped below $20,000
• Current price of Bitcoin on September 18th 2023 is $26,686.15

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What an unbelievable run so far and yet still so early in the ball game. By design, only 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher its price will be, as long as demand remains the same or increases. When Bitcoin started out, there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

History will continue writing itself from this moment on and there is no way to predict what the future holds for Bitcoin and the whole crypto market, but if one thing is certain, is that this has been a story for the ages and chances are it will continue to be one!

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