Find out what was Bitcoin IPO price, the release date, and how to invest in the coin. Bitcoin is a cryptocurrency, a digital asset that works as a medium of exchange that uses cryptography to control its creation and management, instead of depending on central authorities.
Further, bitcoin history started with the invention and was implemented by the presumed pseudonymous Satoshi Nakamoto- he integrated lots of existing ideas from the Cypherpunk community.
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The Crypto undergone rapid growth to become a significant currency and starting from 2010, some businesses started accepting BTC in addition to traditional currencies.
As of January 2011, a non-profit group- Electronic Frontier Foundation, began to accept bitcoins as payment. Though it later stopped accepting BTC, due to a lack of legal precedent about new currency systems.
In May 2013, Electronic Frontier Foundation’s decision was reserve, as they start accepting BTC back. This was how other companies and organizations started accepting bitcoin as payment including Wikileaks.
Bitcoin IPO Date
Bitcoin domain name bitcoin.org was registered in August 2008. By October same year a link to a paper written by Satoshi Nakamoto – A peer to peer electronic cash system, was posted to a cryptography mailing list.
The paper explained how to use a peer-to-peer network to generate a system for electronic transactions without depending on trust. However, on 3 January 2009, the BTC network was released
Bitcoin Price History
Discover bitcoin price history from 2010 till date.
Bitcoin began trading at a value of $0.0008 US dollar by month-end, in July 2010. The coin price was low until April 2013, when it hits $250.Bitcoin began to grow from time to time, as it keeps growing, the more the knowledge about it grows.
However, unlike the dollar that works as a single unit of currency, BTC’s value was fluctuating from $0 to $250. Thus, new measurement was taken by introducing units called millibitcoin, micro bitcoin, and satoshis. To break it down, one bitcoin is equivalent to 1,000mBTC, 1,000,000 uBTc or 100,000,000 satoshis.
But, before the end of 2013, the BTC price has increased to $1,164 US dollars. Although the cybercash had a long way to go before getting to its 2021 peak, moved much lower before going higher, that is between 2014 and 2015.
2015 – 2021
By October 2015 the value decreases to $245. At the beginning of January 2016, the bitcoin price value was $433 and ended the year at $959, which is a 121% increase within 12 months.
By March 2017, the price increased to $1,290+ the price later increased to $19, 783.06 on 17th December 2017. But went down to $13.800 before the end of the year.
By February 2018 the price kept dropping, before the end of 2018 it dropped to $3,300.
In March 2020, the BTC price was $5,000, by November 2020 it increased the 19,850.11.
In January 2021, it went up to $41,973, went down to $33.400 on 11 January. In April it increased to $60,000 and went down in May 2021. Following the comments of Elon Musk.