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Bitcoin price (BTC)

Bitcoin is the first digital currency founded, and thereby a pioneer in this sector. It is the most trusted and popular coin on this type of market with the biggest capitalization. It is often referred to as a digital replacement for gold, as well as the currency of the future.

The first, initial block of Bitcoin blockchain was found on January 3, 2009. 6 days later the Bitcoin program and its source code was made available by its founder or founders hiding under the pseudonym Satoshi Nakamoto. The first service for the purchase and sale of Bitcoins was created on October 2009 - you could then buy 1 309,03 BTC for $1. This means that the Bitcoin rate was around 1/800 of a cent. A week later (12/10/2009) the first Bitcoin exchange was made into FIAT currency, then 5 050 BTC was purchased for $5,02.

The next crucial point was the purchase of the first material asset for the digital currency. It took place on May 22, 2010, and two pizzas of around $25 were purchased then for 10 000 Bitcoins. May 22 was named the Bitcoin Day of Pizza.

A few months later information about the release of 0.3 Bitcoin version has been described on a popular technology web portal. Thanks to this the information about the existence of the digital currency has reached a wide range of people and the BTC rate increased from $0,008 to $0,08 in just 5 days. Half a year later, on February 9, 2011 Bitcoin reaches the price of $1. Then, on June 2011, a week after another successful publication on the popular Gawker portal, Bitcoin reaches more than $31.

On January 2012, Bitcoin has appeared for the very first time on television screens. The "Bitcoin for Dummies" episode was watched by about 9.45 million viewers, but it didn't cause significant increases in rates. On November of the same year, Wordpress decided to accept payments by Bitcoins. The decision is explained by the fact that PayPal blocks access to payments in more than 60 countries around the world, and Wordpress's goal is to enable the community to access the blogosphere, not blocking it, therefore introduces a universal currency that is not subject to restrictive regulations from banks or other institutions . In this way, Wordpress, which is one of the 25 most popular domains on the web, has broken the ice for later payments by Bitcoins.

Another milestone was the agreement signed between the government of Cyprus and the European Union to save the country's finances in 2013. A one-time fee of 6.75 up to 9.99% was to disappear from Cypriot bank accounts for saving the state budget. At the time of making this information public, people started looking for a way to save their finances. A large part of those with funds in Cypriot banks decided to buy Bitcoins. This resulted as a huge increase in rates at the beginning of April from $80 up to over $260.

On November 2013, the deputy head of the People's Bank of China at the economic forum commented favorably on the Bitcoin market and initiated even greater interest in the digital currency. The rates began to grow rapidly and until November 29, 2013 BTC reached $1,242. The interest of the Chinese mainstream was mainly due to the fact that the charity foundation (Jet Li One Foundation) has made it possible for donations by Bitcoins for victims of the earthquake in the Chinese city of Lushan. The fact that 230 BTC was collected in just two days has gone all over public media.

Just two weeks later, the People's Bank of China announced that Bitcoin is not a currency. Restrictions have been imposed on the digital currency saying that no financial institution can trade with Bitcoin, or to offer other services associated with it. This had a huge impact on the BTC rates and its prices in the world dropped down sharply. On March 2014, Newsweek's journalist wrote an article titled "The Face Behind Bitcoin", in which he claimed that an unemployed engineer from California, Dorian Nakamoto, is the founder of Bitcoin. This has once again brought the world's attention to the digital currency market. Interestingly, the Bitcoin community collected about $23 000 for Dorian Nakamoto. Another important news that increased interest in digital currency was the announcement by Dell on July 2014 that dell.com accepts payments in Bitcoins. Thanks to this event, more and more enterprises have begun to take this form of payment, including Microsoft.

In October 22, 2015, the Court of Justice of the European Union announced that Bitcoin and other digital currencies are not subject to VAT because they have been recognized as a currency.

Soon after, on January 2016, there is an event that once again caused a significant drops down in the rates of Bitcoin. Mike Hearn, a former Google developer strongly linked to the digital currency environment, announced that Bitcoin had failed and he will no longer be involved in its development. Within 24 hours of the publication of Hearna's post, the BTC price dropped down by $50. Some people accused him later that the attack on Bitcoin was caused by the need to promote his new blockchain-based project.

Fortunately, large companies have not stepped back from accepting payments in Bitcoins, and on April 2016 they were joined by Steam, who decided to accept payments for games and other services by BTC. This has once again strengthened Bitcoin on the stock exchange.

On November 2016, Donald Trump was elected president of the United States of America, which caused drop downs of the quotations of the FIAT currency. In connection with this, investors began to look for other ways to locate their funds. Within 24 hours, both gold and Bitcoin reached significant price increases.

On January 2017, Bitcoin's price exceeded $1 000 for the first time in three years. Since then, BTC quotations are constantly growing. On November, they exceeded $7,900. This is related to Japan's acceptance of Bitcoin as a legal payment method and split between Bitcoin and Bitcoin Cash on August 2017. Anyone who had Bitcoin before the split on his account got the same amount of Bitcoin Cash. This aroused interest of investors due to the possibility of doubling profits. On October 2017 there was another hard fork that split the Bitcoin blockchain to result in Bitcoin Gold. On November-December 2017, the interest in cryptocurrencies by the mainstream media has clearly increased. This caused further increases in rates.

On December 2017, at a record time, the price for one BTC was about $19 500.

Bitcoin
SymbolBTC
Initial release2009
ICONO
TechnologyBlockchain
FounderSatoshi Nakamoto
Total amount of coins21 milion

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