As the value of the US dollar continues to fall, cryptocurrency continues to rise and is spurring on new investors every day. Bitcoin was created in 2009 as the first cryptocurrency available to the public. Originally, it was impossible to know the value of Bitcoin, but that changed in 2010 when Bitcoin was used to make a purchase for the first time ever. Two pizzas purchased for 10k BTC was all it took to assign monetary value to Bitcoin.
Since then, Bitcoin has had its ups and downs, first crashing at 1k down to $300 in 2013, then gradually building back up over the next three years. By 2017, Bitcoin price had jumped to more than 19k, but then it suffered another crash which caused a fall of over 70% in one year.
By 2019, Bitcoin had risen again and was gaining new investors as the global economy slowed. Now, in 2021, Bitcoin has gone beyond 63k for the first time ever and has gained the attention of every big investor.
As accessibility and use of crypto increases, we will continue to see this currency skyrocket beyond standard currencies in the future. Learn more about the Bitcoin bull run in the infographic below:
Infographic by: expensivity