11 years to $BTC x100 times. Threshold 100k$BTC 11/2024

Year 2013

Bitcoin reached 1,000 USD for the first time in November 2013, but could not hold the price for long. Bitcoin closed the year 2013 at a threshold of 700 USD, according to data from CoinDesk.

Year 2014

Mt. Gox, the exchange handling about 70% of total bitcoin transactions, declared bankruptcy after hackers stole nearly half a billion USD worth of bitcoin. The hack raised concerns among many investors and demonstrated that this sector was not yet regulated or specifically managed. By the end of 2014, the price of bitcoin was only 300 USD, and it maintained this threshold for the next three years.

Year 2017

The momentum driving bitcoin began to appear from the beginning of 2017, when the price per coin surpassed 1,000 USD. Many investors liked the idea of a decentralized currency. They sought a safe haven investment similar to gold.

To meet the increasing demand, two US exchanges, CME and CBOE, opened platforms for customers to trade bitcoin futures. The price of bitcoin skyrocketed throughout the year, rising from 2,000 USD in July 2017 to nearly 20,000 USD by the end of the year.

Year 2018

The price of bitcoin dropped from the record high to around 4,000 USD by the end of last year due to investor concerns about a bubble burst. At the same time, many global regulators began to be stricter with cryptocurrency trading activities, causing significant price volatility. By the end of the year, many hedge funds, retail investors, and traders who bet heavily on bitcoin suffered heavy losses as its price sharply declined.

In 2024, there were times they did not believe in BTC, but those people are now silent due to their ignorance.