Bitcoin’s price 10 years ago was $9.55 – The Cryptonomist
On 22 August 2012it is 10 years ago today, the price of Bitcoin was $9.55, not even $10. Nothing like It hovers at $21,000 at the time of writing.
Bitcoin’s price 10 years ago was not even $10
The queen of cryptocurrencies has come a long way: suffice it to say on today’s day, but 10 years ago, the price was not even $10, in fact, BTC was worth exactly $9.55.
FUN FACT: 10 years ago today #Bitcoin was $9.55
— Watcher.Guru (@WatcherGuru) 21 August 2022
“FUN FACT: 10 years ago today, Bitcoin was $9.55.”
Counting on it at the time of writing, Bitcoin hovering above $21,000, it can be said that during these 10 years, the price has risen more than 2200 times.
If, however, BTC was at its ATH today, $67,500 ATH reached on November 8, 2021the price increase from exactly 10 years ago would be over 7000x.
Staggering figures for those who were already chewing on the cryptocurrency industry at the time, and who therefore may have already bought Bitcoin or at most Litecoin (LTC), the digital silver born in 2011.
Ethereum (ETH) and Monero (XMR), on the other hand, did not exist yet, while Ripple (XRP) was still called OpenCoin.
Bitcoin’s price over the past decade
The cryptocurrency asset par excellence is the one that has shown the most volatility in price, but still with a long-term bullish trend.
Starting from not even 10 dollars 10 years ago (the price was $9.55), over the last decade BTC has seen its price pump&dump, with some memorable moments in history.
Although 2012 was a generally quiet year, 2013, on the other hand, saw a sharp increase in the price of BTCgoing from $13.80 at the beginning of the year to $230 in April, back to $68.50 in July and $123 in October, ending the year 2013 with the price of $1237.
However, a strong dump was registered in 2014with BTC at $315 in early 2015. Just in 2016 the price rose again to $900storage 2017 the year of Bitcoin’s explosion.
And indeed, touching $1000, BTC rose to $2000 in mid-May, then skyrocket to $19,345 in December 2017. Only in this year has its performance been close 20x.
2018, the year remembered for the boom in ICO scams, again negatively affected the price of BTC. It was not before 2020with the COVID-19 pandemic, it Bitcoin’s price rose again, starting the year at $19,000 and ending at $29,000, registering +416% in one year.
Finally, 2021 was the year of new records for Bitcoin, reaching an all-time high of $67,500. Since early 2022but, The price has since deteriorated, reaching today’s $21,000. Bitcoin fell below $23,000 for the first time since December 2020.
Predictions from non-crypto figures
Bitcoin price predictions also come from some non-crypto influencers in the cryptocurrency world.
For example, at the end of June 2022, the famous author of the bestseller Rich Dad Poor Dad, Robert Kiyosaki, predicted that he means the price of BTC will fall to $1100.
For Morgan Creek investment company director Mark Yuskoon the other side, the price of Bitcoin will wait to the next halving before you see a bull runas history has revealed so far.
