Timeline of Bitcoin in recent years #infographic - Visualistan

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Timeline of Bitcoin in recent years

Cryptocurrency is one of the biggest inventions to date. Bitcoin, being a cryptocurrency, is the digital currency which is expected to replace the future currencies very soon. With each bitcoin worth a thousand dollars, this payment method has taken an incredible spike in the last few years. Its initiative first took place in 2008 with no desirable feedback howsoever. After two years, this digital currency was able to grab global attention. By 2014, its commercial value had taken a toll, but an unfortunate event occurred which put the entire system in gridlock.

Biggest fallout in the history of Bitcoin


By 2014, its commercial value had taken a toll, but an unfortunate event occurred which put the entire system in gridlock. The biggest center for bitcoin exchange Mt. Gox was hacked. Around 850,000 bitcoins were stolen, and the mystery remains unsolved to date. By 2016, the bitcoin world managed to recover from its 2-year crisis. After one year, an incredible increase in the value of bitcoin was observed as one bitcoin was valued for $1000. By the end of 2017, this value further raised up to $20,000. These values, however, never remained steady as the bitcoin world frequently experienced highs and lows. Just like any stock market, the worth of bitcoin fluctuated every now and then, and sometimes the value even touched the highs and lows in under 24 hours.


The estimated value of Bitcoin by the end of 2020


As suggested by many entrepreneurs, the currency of bitcoin might not be as effective as that of printing money because of frequent fluctuation in the bitcoin’s value, while on the other hand, many tycoons believe that bitcoin exchange is the best cryptocurrency till now. Many still believe that even though the pandemic has adversely affected the performance of bitcoin, it is still very possible that the situation will take a positive turn by the end of 2020. It is estimated by many entrepreneurs that the value of each bitcoin might reach as high as $1 million.

Timeline of Bitcoin in recent years

Infographic by: Howmuch.net

Share This Infographic On Your Site

Timeline of Bitcoin in recent years #infographic

Timeline of Bitcoin in recent years

Cryptocurrency is one of the biggest inventions to date. Bitcoin, being a cryptocurrency, is the digital currency which is expected to replace the future currencies very soon. With each bitcoin worth a thousand dollars, this payment method has taken an incredible spike in the last few years. Its initiative first took place in 2008 with no desirable feedback howsoever. After two years, this digital currency was able to grab global attention. By 2014, its commercial value had taken a toll, but an unfortunate event occurred which put the entire system in gridlock.

Biggest fallout in the history of Bitcoin


By 2014, its commercial value had taken a toll, but an unfortunate event occurred which put the entire system in gridlock. The biggest center for bitcoin exchange Mt. Gox was hacked. Around 850,000 bitcoins were stolen, and the mystery remains unsolved to date. By 2016, the bitcoin world managed to recover from its 2-year crisis. After one year, an incredible increase in the value of bitcoin was observed as one bitcoin was valued for $1000. By the end of 2017, this value further raised up to $20,000. These values, however, never remained steady as the bitcoin world frequently experienced highs and lows. Just like any stock market, the worth of bitcoin fluctuated every now and then, and sometimes the value even touched the highs and lows in under 24 hours.


The estimated value of Bitcoin by the end of 2020


As suggested by many entrepreneurs, the currency of bitcoin might not be as effective as that of printing money because of frequent fluctuation in the bitcoin’s value, while on the other hand, many tycoons believe that bitcoin exchange is the best cryptocurrency till now. Many still believe that even though the pandemic has adversely affected the performance of bitcoin, it is still very possible that the situation will take a positive turn by the end of 2020. It is estimated by many entrepreneurs that the value of each bitcoin might reach as high as $1 million.

Timeline of Bitcoin in recent years

Infographic by: Howmuch.net

Share This Infographic On Your Site

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