#bitcoin☀️ has seen dramatic price fluctuations since its inception in
#2009 , with multiple notable peaks. For instance, in
#2011 , Bitcoin jumped from mere cents to $32 before crashing back to $2.10. Another major bull run occurred in 2017 when Bitcoin surged from $1,000 to nearly $20,000 by December, followed by a correction. Its most significant peak came in April 2021, reaching around $63,000.
If you'd invested
$100 in Bitcoin in 2011, when it was priced around $1, you could have bought 100 BTC. By April 2021, at its peak, that $100 investment would have been worth approximately #$6.3
#million !
However, Bitcoin's price is highly volatile, and such returns come with high risks. External events, such as the 2014 Mt. Gox hack, which led to the loss of 850,000 BTC and a significant price drop, showcase the risks involved in crypto trading. Long-term trends, like the Stock-to-Flow model, also suggest Bitcoin’s price growth is linked to its limited supply.
Remember, cryptocurrency investments can be risky and should be approached cautiously.