Digital currencies and bitcoin as their leader and by far the most valuable example have been an intriguing thing to follow, talk about, and potentially invest in for well over a decade. For more than ten years, people have been fascinated with this new type of money that came seemingly suddenly and promised to change the world of business, finance, and the economy overall forever. Fast forward to 2023 and it has already managed to do so in multiple ways.
Right now, bitcoin is the leader of the cryptocurrency movement with most investors, both the experts in the game and average people looking to expand their investment portfolios, have it as their main virtual currency asset. This is more than understandable since a single BTC is worth tens of thousands of dollars and it is as sought-after, popular, and widely accepted and recognized as ever. With the promises of an even more prosperous future for digital currencies constantly coming and the fact that the worth of cryptos has no plans to go down, more and more investors appear each year.
However, how many of them do you think know enough about bitcoin and the rest of the cryptocurrencies to have a successful investment business? What is more, do you think that the majority of potential crypto enthusiasts realize the amount of knowledge and planning it takes to get to the next level of trading it and having a real career that they can make a living from? One thing that is on everyone’s mind all the time is the worth of a single bitcoin token and they base most of their trust into that single piece of info. It cannot be argued that the worth of bitcoin per token is the best indicator there can be and all the data one needs to see that it is big and well-worth supporting.
With this in mind, in this article we will talk about the all-time high prices of bitcoin and how it changed. Additionally, there will be some word on the reason why the prices changed so much and what can be expected in the near future. If you wish to know more about this ever interesting and continuously relevant topic, make sure to check out sfexaminer.com.
History of Bitcoin Prices
During its creation and for the first year or so of its life, which is from January of 2009 to March of 2010, bitcoin was not worth anything since it was still new on the market and nobody was interested yet. In May of 2010 it was worth mere $0.01 when the first real-world transaction happened. The now-legendary story of the guy who bought two pizzas in Florida for 10,000 BTC is the transaction in question. Between February and April of 2011, bitcoin was worth $1 per coin.
Some two years passed without much happening only for the crypto to go from $350 to $1,242 in November of 2013. By April of 2014 however, it went down to $340. The next big rise happened in 2017 when from March to December, a single bitcoin rose from around $1,200 to an astonishing $19,783 on December 17. This was the absolute record for a long time, but the price went rushing down to $13,800 five days later on December 22.
A very bad period ensued from the end of 2017 and all the way into 2023. On February 5, 2018, it was $6,200 and it continued to drop until it reached $5,000 on March 16, 2023. Shockingly though, during the year of the COVID-19 pandemic when everything else went down and stopped, bitcoin managed to jump to almost $11,000 on July 27 and keep a considerable value for the rest of the year. It jumped by thousands each month and finally reached a new all-time high of $19,850 on November 30, 2023. Everyone was back on the hype train and both the experts and newcomers agreed that the crypto is back and that the future could not be brighter.
At the end of 2023, one bitcoin was worth more than $28,000, an almost $10,000 rise from the previous record from December of 2017. As the current year of 2023 started and continues, new records were reached that lest the old ones in the dust. First, on January 3, 7, and 8, the prices rose to $34,800, $40,324, and $41,973, respectively. Towards the end of the month it went back a bit closer to $33,000 only to reach a new record on February 8 when it surpassed $44,000. On February 16, the price was more than $50,000 and everyone was in a frenzy. People started mining again like never before and shortages of hardware components happened around the world. On April 10, 2023, the most recent record took place when the price jumped to over $60,000.
Exact Record and Future Predictions
In April of 2023, the official new all-time high price for bitcoin occurred as it was worth $63,729.5. This now serves as the basis for all predictions to come and the only reason people need to invest in it more and more every day. The craze is still going on, the shortages of high-end graphics cards is still the situation, and the miner population has hardly been larger. Following years of skepticism especially between 2017 and 2023, such a major milestone for the industry is what everyone needed and hoped for. The regulators and Wall Street experts did not expect and prepared for it but right now they are surely changing their views and beliefs.
At the moment of writing, bitcoin is going strong with the price of $58,976 per token. It has managed at well over $55,000 for most of the month and into May, expect for a sudden dip to under $50,000 for a few days in the second half of April. These are encouraging news as there is no end in sight right now for the positives surrounding the leading crypto and the whole industry. This is good news for the rest of the cryptocurrencies too since they tend to rise in price whenever bitcoin rises. All in all, there has never been a better time to become a part of this flourishing market.