Bitcoin is the most valued Cryptocurrency in the world. Bitcoin concept was introduced in 2008 in a whitepaper published by Satoshi Nakamoto. In Whitepaper, Satoshi discussed the peer-to-peer electronic cash payment system. One year later Satoshi turned his idea into reality and World’s first Cryptocurrency “Bitcoin” came into existence. Bitcoin has limited supply of 21 million coins and according to an estimate 99% Bitcoins will be mined by 2032 and rest of the coins will be mined over the next 100 years, Bitcoin will hit its limit by 2140.
Bitcoin Trading was started in 2010 and its highest price in 2010 was 0.34 USD. Similarly, Bitcoin value was increased consistently in 2011, 2012 and 2013. 2014 was not a good year for Bitcoin investors because, in February 2014, MT Gox was hacked which was the largest Bitcoin exchange at that time and it was handling more than 80% of Bitcoin transactions. After this incident Bitcoin value was dropped and its value started to hike again in 2017 and at the end of the year, Bitcoin price was around 19500 USD. Also in January, Countries like South Korea and China started the regulatory process which had an adverse on Bitcoin price and as a result bitcoin value was dropped by 45%.
- Price $5,560.53
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