- Bitcoin has been declared dead 463 times and its price swings are mainly driven by its halving cycles and macroeconomic events.
- Since its start in 2009, bitcoin has gone on to set multiple records, with peaks of 1,000% growth and drops of 80-90%, yet it has always bounced back stronger.
- This article takes you through an overview of bitcoin’s price history year after year, around the significant events that have shaped it.
Bitcoin is a revolutionary monetary system that seeks to challenge the existing structure of centralized credit-based money issued by bureaucrats and unstable banks. Its white paper was released in 2008, offering a new way out of financial issues by replacing human vulnerabilities with code. Although initially nothing more than an experiment, it soon began trading for goods and services. Since then, its value has risen from $0 in 2009 to more than $68,000 in 2021. In this article we explore how bitcoin’s price has evolved over time and the key events that have influenced it.
The following table provides a detailed breakdown of Bitcoin’s performance from 2010-2023:
Year | Start Price | High Price | Low Price | EOY % Performance
2010 | $0.003 | $0.40 | $0 | 9,900% 2011 | $0.30 | $32 | $0.29 | 1,467% 2012 | $4.70 | $16 | $4 | 183% 2013|$13.30 |$1,163 |$13 | 5953% 2014|$805 |$936