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On August 22, 2012, that is 10 years ago today, the price of Bitcoin was $9.55, not even $10. Nothing like the $21,000 it hovers on at the time of writing.
Bitcoin’s price 10 years ago was not even $10
The queen of cryptocurrencies has come a long way: suffice it to say that on today’s day but 10 years ago, its price was not even $10, indeed BTC was worth exactly $9.55.
FUN FACT: 10 years ago today #Bitcoin was $9.55
— Watcher.Guru (@WatcherGuru) August 21, 2022
“FUN FACT: 10 years ago today, Bitcoin was $9.55.”
Counting that at the time of writing, Bitcoin is hovering above $21,000, it can be said that in these 10 years, its price has risen more than 2,200x.
If, however, BTC were at its ATH today, the $67,500 ATH touched on Nov. 8, 2021, the price increase from exactly 10 years ago would be over 7,000x.
Staggering figures for those who were already chewing the cryptocurrency industry at that time, and who, therefore, already might have bought Bitcoin or at most Litecoin (LTC), the digital silver born in 2011.
Ethereum (ETH), and Monero (XMR), on the other hand, did not yet exist, while Ripple (XRP) was still called OpenCoin.
Bitcoin’s price over the past decade
The cryptocurrency asset par excellence is the one that has shown the most volatility in its price, albeit remaining with a bullish trend over the long term.
Starting from not even $10, 10 years ago (the price was $9.55), over the past decade BTC has seen its price pump&dump, with some memorable moments in its history.
Thus, while 2012 was a generally quiet year, 2013 saw, on the other hand, a sharp increase in the price of BTC, going from $13.80 at the beginning of the year to $230 in April, back to $68.50 in July and $123 in October, ending the year 2013 with the price of $1237.
A strong dump, however, was recorded in 2014, with BTC at $315 in early 2015. Only in 2016 did the price then rise again to $900, making 2017 the year of Bitcoin’s explosion.
And in fact, touching $1,000, BTC rose to $2,000 in mid-May, then skyrocketing to $19,345 in December 2017. In this year alone, then, its performance has been near 20x.
2018, the year remembered for the boom in ICO scams, again affected the price of BTC negatively. It was not until 2020, with the COVID-19 pandemic, that Bitcoin’s price rose again, starting the year at $19,000 and ending it at $29,000, thus registering +416% in one year.
Finally, 2021 was the year of new all-time highs for Bitcoin, touching the hitherto absolute high of $67,500. Since early 2022, however, the price has since suffered, reaching the current $21,000. Bitcoin fell below $23,000 for the first time since December 2020.
Predictions from non-crypto figures
Bitcoin price predictions also come from some non-crypto influencers in the cryptocurrency world.
For example, in late June 2022, the famous author of the best-selling Rich Dad Poor Dad, Robert Kiyosaki, predicted that he thinks the price of BTC will drop to $1,100.
For Morgan Creek investment firm director Mark Yusko, on the other hand, the price of Bitcoin will wait until the next halving before seeing a bull run, as its story has revealed so far.