Bitcoin is a digital currency that has taken the world by storm since its inception in 2009. It was created by an anonymous person or group of people who go by the pseudonym Satoshi Nakamoto. Since then, Bitcoin has become one of the most popular cryptocurrencies in the world, and its value has skyrocketed over the years. In this article, we will explore how much Bitcoin has risen since it started.
When Bitcoin was first introduced in 2009, it had no monetary value. It was just a digital currency that was used by a few enthusiasts who believed in its potential. However, in 2010, someone decided to buy two pizzas with 10,000 Bitcoins. This was the first real-world transaction involving Bitcoin, and it marked the beginning of its value as a currency.
At the time, 10,000 Bitcoins were worth around $41. Today, that same amount of Bitcoin is worth millions of dollars. In fact, the value of Bitcoin has increased by over 9 million percent since it first started. This means that if you had bought $100 worth of Bitcoin in 2010, it would be worth over $9 million today.
The rise of Bitcoin has been nothing short of phenomenal. In 2011, it was worth just $1 per Bitcoin. By 2013, it had risen to $1,000 per Bitcoin. This was a huge milestone for the currency, and it made headlines around the world. However, its value was not sustained, and it dropped back down to $200 per Bitcoin in 2015.
Since then, the value of Bitcoin has fluctuated wildly. It has reached highs of over $60,000 per Bitcoin and lows of less than $4,000 per Bitcoin. However, despite these fluctuations, Bitcoin has continued to rise in value over the years.
As of June 2021, Bitcoin is worth around $35,000 per Bitcoin. This is a significant increase from its value just a year ago, when it was worth around $9,000 per Bitcoin. However, it is still a long way off its all-time high of over $60,000 per Bitcoin.
So, how much has Bitcoin risen since it started? The answer is a staggering 9 million percent. This means that if you had invested $100 in Bitcoin in 2010, it would be worth over $9 million today. However, it is important to note that Bitcoin is a highly volatile currency, and its value can fluctuate wildly. It is not a safe investment, and anyone considering investing in it should do so with caution.
In conclusion, Bitcoin has risen by a remarkable 9 million percent since it first started in 2009. Its value has fluctuated wildly over the years, but it has continued to rise in value overall. Bitcoin is a highly volatile currency, and investors should exercise caution when investing in it. However, it is clear that Bitcoin has become a significant player in the world of finance, and its value is likely to continue to rise in the years to come.