Editorial

What Was Bitcoin Worth in Previous Years?

The history of Bitcoin goes way back to 2009 when it was first created. Not much has been said about this period, but what many people know is that its value was low. Bitcoin worth in previous years has changed drastically. There have been occasions when the value has fluctuated, but in the long run, it has grown to surpass its initial value.

The period of growth started in 2009 and is still advancing up to date in 2022. In this article, we are going to cover Bitcoin worth in previous years. Stick around to learn more.

Let’s Check Bitcoin Worth in Previous Years Starting with 2009–2012

In 2009, Bitcoin was first launched. Not many paid attention to it since they never expected its rise in value over the next year, and few understood the blockchain concept. The value started at basically nothing, much less than 1 dollar. It was a rough beginning, but as time went by, we can say Bitcoin worth in previous years increased.

It was in 2009 when the first Bitcoin purchase was conducted by an investor who exchanged his 10,000 BTC for 2 pizzas. Yes, you read it right, 2 pizzas. If only he knew what the value would be 10 years from then.

As of April 2011, Bitcoin’s value had gone up to $29.70, a value that was still low, but it gave hope for investors. After a few months of this hope, the value went down to $2.50. Well, at this time, many investors were disappointed, and some of them decided to leave Bitcoin. But this was not the end of the road for Bitcoin. Within a few months, that is, in late 2012, the value went up to $13.50.

The early years of Bitcoin’s growth are a broad topic that we cannot cover here entirely. For more information, you can visit Loop to learn more. 

Bitcoin Worth in Previous Years Between 2013 and 2019

At the start of 2013, Bitcoin’s value went up to $770, a price that surprised many. There was a lot of optimism during this period. Investors continued to invest, hoping for a better tomorrow. But within a few months, that is, in 2014, there was a disappointment. The price dropped to $378.68. There was no direct explanation for this, but most people assumed it had to do with China’s banning of Bitcoin from the country. Whatever the case, there was a significant fluctuation in the Bitcoin price in previous years during this period.

This was not the end of it. As of December of the same year, the value rose again to $682.60 and, without wasting time, dropped to $315.58 at the start of 2015. At this point, most people started to recognize Bitcoin’s volatility. At the end of it all, it was all about finding the right time to buy and sell to make a profit considering Bitcoin worth in previous years.

From 2016 to 2019, there was not much value lost. The price continued to increase, reaching $1945.56 at the end of 2019. At this point, most people had started to pay attention to Bitcoin. Articles were being written, and events were held. It was all over the news, and even governments around the world paid attention to it. They found it interesting from a policy perspective and wanted to learn more about the popular Bitcoin worth in previous years.

Conclusion

Bitcoin worth in previous years is such a broad topic, but we have explained the most important information in the above article. With all the history shared above, we can say that Bitcoin is a volatile cryptocurrency. You never know what the future holds.

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