Founded in 2009, Bitcoin is the world’s first decentralized digital currency. Bitcoin history is the story of the evolution of money. From Ancient China’s experiments with shell money to today’s Bitcoin revolution.
The network was created In 2008 by a person or group of people signed as Satoshi Nakamoto, with the domain bitcoin.org registered 2 months before. It means that we don't know who is the real innovator and created the network. Over the years, multiple people have claimed authorship, but this claim has always been disproved.
As I said above - Bitcoin was the world's first decentralized digital currency, it is designed so that no one, not the author or other individuals, groups, or governments, can influence the currency, counterfeit it, seize accounts, control the flow of money or cause inflation. There is no central point in the network - no one who can make decisions about the network.
The first big price jump occurred in 2010 when the value jumped to $0.09, from the original mere fraction of a penny. But it didn't mean any great victories. In the process, the price of bitcoin plummeted multiple times.
By the first half of 2013, the price raised to $68. At this time, bitcoin was still primarily used only by IT specialists. This changed in the second half of 2013 when professional investors took notice of the cryptocurrency situation on a larger scale. This also contributed to bitcoin's rapid rise to a new ATH of $1,237.55 at the end of the year.
But from the new ATH, the price quickly dropped to less than $700.
Until 2015, we faced a minor price stagnation. The big breakthrough came in 2017 when the price skyrocketed up to $19,345.49.
In 2017, Bitcoin has already come to the attention of the wider public. There are cases of cryptocurrency bans, scams, exchange crashes. Some banks were already trying to fight this growing trend and introduced taxation.
Nothing much is happening for us after Peak 2017. The price remains in the $10 to $7k range on average with a drop to $3k in early 2019.
This trend is broken in the second half of 2020. With the beginning of the pandemic, the Bitcoin price is set in motion again. Setting one ALT after another. The current All-time high is set at $69,045.00 from November 10th, 2021.
What will happen to bitcoin next is not entirely clear. Because the main factor, if not the only factor, that influences its value is market supply and demand. Which depends primarily on investors trust in the vision that it can be used to pay in the future, just as it can be paid today with money issued by a state.
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