If you are outdated in terms of Bitcoin (BTC), then be enlightened that at the time of publishing, Bitcoin (BTC) is hovering at $46.88k per BTC. This goes on to show that no matter how volatile and unstable Bitcoin (BTC) may seem, it is always capable of surprising the world.
Bitcoin (BTC) is a cryptocurrency, which set the start point for the cryptocurrency industry in the online world. At the start, the currency was not able to gain much recognition due to its decentralized and uncommon nature.
However, with time, the internet enthusiasts started picking up on Bitcoin (BTC). They started realizing the importance of Bitcoin (BTC) and other cryptocurrencies in the global markets. The currency started making its name as a profitable asset in the market but still, it was not able to make many names.
During this time, Bitcoin (BTC) was pronounced as a dead cryptocurrency more than 300 times. Still, the currency managed to remain as the largest cryptocurrency in the entire world and continued winning investors over.
Then in the year 2017, investors started rallying up to the platform and it started gaining a huge surge with respect to its price. That was the time when the prices of Bitcoin (BTC) went sky-rocket and its price hit an all-time high for the first time. Towards the end of 2017, Bitcoin (BTC) had managed to hit its all-time high of $19k per BTC.
That was the first time when the entire crypto-investment community was shocked and was in a state of awe. It happened because Bitcoin’s price descended all the way down to below $5k per BTC.
The majority of the investors were in shock but bitcoin (BTC) had finally caught the attention of the mainstream industry. Then time passed by and the world entered the year 2020, which turned out to be the “Golden Era” for the cryptocurrency industry.
The year 2020 turned out to be the year when the entire world, as well as the global financial institutions, recognized the importance of virtual and remote currencies.
By this time, Bitcoin (BTC) had amassed a huge amount of mainstream exposure and adoption. Several mainstream institutions including JPMorgan, MassMutual, Rothschild Investment Corporation and MicroStrategy invested a lot in Bitcoin (BTC).
This resulted in Bitcoin (BTC) gaining so much surge in prices that for the first time in 2017, Bitcoin (BTC) hit its all-time high in the year 2020. The year 2020 was the first time Bitcoin (BTC) crossed the $20k per BTC barrier and then there was no stopping it.
Bitcoin (BTC) went on to achieve an all-time high of $41k per BTC until January 10, 2021, when its prices plunged all the way down to $30k per BTC. Then BTC price rebounded to another all-time high of $48k per BTC and then down to what it is today.