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A Timeline of Bitcoin’s Journey Key Milestones
- Bitcoin was introduced in 2009 and has gone through many significant events since then, experiencing both highs and lows.
- As of now, the price of Bitcoin has reached the $100,000 mark, reflecting the sporadic growth of cryptocurrencies.
- The history of Bitcoin features many significant events such as being recognized as the best investment and the worst investment option in consecutive years.
- The price history of Bitcoin is the best way to discover important milestones in the journey of the biggest cryptocurrency.
- Bitcoin prices crossed the $1 mark in 2011 and reached a peak of $29.60 in June, ending the year at a price of $5 due to market crash.
- In 2017, the price of Bitcoin doubled to more than $2000 in May and its price had reached $19,188 by year-end, indicating substantial gains in one year.
- COVID-19 pandemic created risks of shutting down the economy and presented opportunities for the growth of Bitcoin, pushing its price to $7,161 at the beginning of 2020.
- The period from 2021 to 2023 was marked by extreme volatility, with Bitcoin prices crossing beyond $60,000 in April 2021 but dropping to $29,000 in May 2022.
- The beginning of 2024 brought good news for Bitcoin with the approval for Bitcoin spot ETFs by the US SEC and the all-time peak price of Bitcoin reaching beyond $100,000.
- The history of Bitcoin shows it has grown from rags to riches and is now one of the most coveted cryptocurrencies in the world.
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