Bitcoin is the first cryptocurrency in the world, created by Satoshi Nakamoto. The Coin was launched back in 2009 though with no monetary value.
Over the years Bitcoin began to rise in value gradually until it’s highest price. On May 22, 2010, a Florida man reportedly made the first Bitcoin transaction in the real world when he agreed to exchange 10,000 BTC for two Papa John’s pizzas, which were worth roughly $25. In that transaction, one Bitcoin was worth around one-fourth of a cent.
Let’s examine the price of Bitcoin, which has been exchanged on January 1 every year, from 2014 until 2023:
- 2014 — $772
- 2015 — $314
- 2016 — $430
- 2017 — $1,000
- 2018 — $13,600
- 2019 — $3,800
- 2020 — $7,200
- 2021 — $30,000
- 2022 — $47,000
- 2023 — $16,800
How Bitcoin is predicted to end the year 2023
Bitcoin’s technology is considered old by crypto market analysts, who also point out that there are many better cryptocurrencies in terms of speed, scalability, environmental awareness, and other crucial aspects that affect the creation of the price. Analysts estimate that despite Bitcoin’s flaws, this cryptocurrency will continue to grow in value during 2023 and reach a maximum value of $30,121 by the end of the year.
