How the dynamics of the bitcoin exchange rate have changed over the entire history of its existence

At the end of July 2022, the price of bitcoin is slightly above $20,000. Recall what the price of the first cryptocurrency was from 2009 to 2022

Since the beginning of 2022, the volatility of bitcoin has been extremely high, in particular, by the end of July 2022, the rate fell to the level of $20,000. To a person who is not intimately familiar with the cryptocurrency industry, such instability may seem dangerous. However, this is a familiar story for bitcoin — to surprise investors even when no one expects it. In this article, we will recall the main ups and downs of the asset, and also trace the dynamics of the bitcoin rate from the very moment of its creation in 2008 to the present day.

Content

• Bitcoin price history
• Bitcoin price by years

Bitcoin price history

Later that year, someone using the pseudonym Satoshi Nakamoto published a paper titled “Bitcoin: An Electronic Peer-to-Peer Payment System.” In it, he described how the future cryptocurrency will work.

In 2009, cryptocurrency mining began. However, bitcoin was not sold anywhere. Back then, there were no cryptocurrency exchanges at all.

Bitcoin price by years

2010

Throughout 2010, bitcoin did not manage to reach the $1 mark, but the price had already begun to rise. The most amusing event of that year was the moment when the American Laszlo Hanech bought two pizzas for 10,000 BTC (then 1 BTC was worth $0.0025). If Laszlo had kept this amount of bitcoins for another 10 years, then in 2021 he would have had more than $450 million.

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