The end of 2020 has taken the cryptocurrency community back to the happy days of 2017 when Bitcoin was booming and reaching previously unexplored heights. Today, the currency has hit the 20,000 US dollar mark – its highest price of all time so far.
Development of Bitcoin price throughout the years
In the times of its dawn, Bitcoin’s worth was close to nothing. When a Bitcoin miner from Florida bought two pizzas for 10,000 BTC in 2010, nobody expected the currency to reach anywhere near its current value.
However, as the price gradually increased, the currency started experiencing mainstream popularity. In 2013, the year SpectroCoin was created, Bitcoin had its first major rally, with its price surging from 13 USD to as high as 220 USD.
The Bitcoin trend peaked in the second half of 2017 when its price had a shocking 1800% increase throughout the year. Then, things went silent for a couple of years, as Bitcoin price started dropping and plummeted to a worrying 3,500 USD in November 2018.
The popularity of Bitcoin caught up again this year. The currency was trading at around 7,000 USD in January and went up to its all-time high today, the 16th of December, 2020.
Where will Bitcoin go from here?
The world’s largest cryptocurrency is becoming more and more prominent. Some experts are already predicting an even higher price surge in the future, and it seems like only a matter of time before even further heights are reached.
Although it is impossible to determine where exactly the price of Bitcoin is headed, the currency’s ability to reach its all-time high should look encouraging for every crypto supporter in the world. And it seems like tomorrow can bring even brighter news.
Please note that the information provided in the blog post should not be considered as financial advice. While SpectroCoin makes best efforts to choose high-quality coins, we recommend conducting your own research before deciding to buy, sell, or hold any cryptocurrency.