Bitcoin first surpassed $1 in Feb 2011 and is up more than 4,300,000% since then
Key price milestones in Bitcoin’s journey:
- Bitcoin $1 - The world’s oldest and largest cryptocurrency first reached the $1 price tag on February 9, 2011, roughly two years after the first Bitcoin block was mined. Since then, Bitcoin has found its footing in the mainstream as an antidote to traditional money systems and has become one of the most sought-after assets among institutional and retail investors alike.
- Bitcoin $10 - The next price landmark was achieved just four months later, as Bitcoin broke $10 on June 2, 2011, while simultaneously raising the market capitalization above $100 million for the first time in its young existence.
- Bitcoin $100 - The meteoric growth that saw BTC surpass $10 was quickly stopped in its tracks as the first crypto winter ensued, which saw BTC’s value drop all the way back to $2. It wasn’t until early in 2013 that Bitcoin started mounting a new massive rally, which saw its value climb all the way up to the $100 mark on April 1, 2013. Bitcoin became a billion-dollar asset.
- Bitcoin $1,000 - What transpired in the first half of 2013 was just the beginning. Bitcoin continued its rally and 10x-ed its value by November 28, 2013. What nobody suspected at the time was that it would take more than three long years for Bitcoin to reclaim the price peak reached at the end of 2013.
- Bitcoin $10,000 - In early 2014, the attack on Mt. Gox, a cryptocurrency exchange that handled 70% of all Bitcoin transactions at its peak, dealt a massive blow to the community. Mainstream news outlets, such as the Washington Post and Guardian, proclaimed BTC dead. They were wrong. By the start of 2017, Bitcoin had reclaimed much of the lost ground and went on to surpass $10,000 on November 28, 2017, exactly fours years after first topping $1,000 in 2013. For added measure, Bitcoin touched $20,000 just a month later, capping off 2017 with more than 20x returns.
- Bitcoin $100,000 - At the time of this writing, Bitcoin is trading at $43,500, 37% removed from its ATH reached last November. Will we see Bitcoin reach the elusive six-figure price point in 2022? Given its past track record, it would be unwise to bet against it. In the meantime, follow our algorithmically generated Bitcoin price predictions and learn what some of the most prominent voices in the crypto community think about the future of BTC.
