Bitcoin is a force that can no longer be ignored. Chances are, you have some friends and acquaintances telling you that it is a good idea to buy, and by now you’re frustrated that you may have missed a good deal, as it has been on the rise lately. The question is - why did it rise so much recently?
Most people don’t realize that Bitcoin first started in the days following the housing market crisis, back in 2009. Following its start was Pizza Day, back in 2010 where an individual used 10,000 BTC to pay for 2 pizzas (that would be over $557 million at the time of this post).
Bitcoin then went up and down for a while, finally breaking past the $1,000 price barrier. Many remember the huge surge in price and popularity over 2017 when Bitcoin jumped from $1,000 to over $19,000. This was followed by the big crash of 2018.
That being said, Bitcoin is on the rise again but this time like never before - even briefly crossing the $60,000 price barrier. Elon Musk and Tesla are talking about it, many influencers saying Bitcoin in their profiles, and transaction companies such as Apple Pay starting to accept Bitcoin are responsible for its growth.
Take a look at the Bitcoin bull run through the following visual deep dive below:
Infographic by: expensivity