To be able to prospect the behavior of any other digital currency or other social, political, economic, or financial phenomenon, it is essential to know its historical behavior; in that sense, let’s briefly look at what has happened with Bitcoin.
On August 18, 2098, the genesis of bitcoin occurred when its domain was registered at bitcoin.org.
On January 3, 2009, the P2P (peer-to-peer) network of Bitcoin was launched and the first block of 50 bitcoins was generated.
On May 22, 2010, the first economic transaction with this currency occurred when programmer Laszlo Hanyecz, in Florida, bought two pizzas for 10,000 bitcoins from Papa John's.
On February 10, 2011, bitcoin, which had a nearly zero price years earlier, reached parity with the dollar.
The European Central Bank (ECB) links and classifies bitcoin as a potential threat to the traditional financial system in 2012.
On May 17, 2013, in San Jose, California, the First Bitcoin Foundation Conference took place.
In November 2017, bitcoin surpassed the figure of 10,000 dollars, reaching 11,000 dollars. However, the historical maximum for the year occurred in December when it reached a value of 19,798 dollars. However, the glory lasted a short time, as the price fell to 13,000 dollars.
This year, 2024, it was said that it would reach 100,000 dollars, but now we know that its maximum is 108,268.4471 dollars, when on December 17 it reached that price.
Establishing the value of bitcoin for next year 2025 is like trying to have a crystal ball that tells us the price it will have, but this is determined by the market, which is multifactorial. What is highly probable is that its trend will be like all financial phenomena, it will be cyclical and with an upward trend.
Bitcoin was designed to have a fixed supply of 21 million coins, so the last coins will be produced in 2044.
Several specialists believe that bitcoin has a promising future as a medium of exchange, store of value, and unit of account, which will significantly modify global finance, and that the personal and institutional interests of various actors will create obstacles because they will be affected and do not want these changes when they could be part of them and benefit.
I remembered the book 'Who Moved My Cheese?' by Spencer Johnson; I recommend reading it.
For now, have an excellent Sunday, greetings to all ♥️.
