*Current price of Bitcoin as of October 1, 2024*
Bitcoin remains the most popular cryptocurrency available to buy.
Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market, with a market capitalization of over $1.1 trillion. Like other cryptocurrencies, Bitcoin is vulnerable to extreme volatility and sudden price fluctuations. As of 9 a.m. Eastern time today, the price of Bitcoin (1 BTC) is $63,612.01, a difference of -0.64% from yesterday.
Price of Bitcoin yesterday
Bitcoin price$64,020.60
Percentage change-0.64%Price of Bitcoin 1 month ago
Bitcoin price$57,867.36
Percentage change+9.03%Price of Bitcoin 1 year ago
Bitcoin price$27,508.25
Percentage change+56.76%
Although Bitcoin was originally envisioned as a technology for payments, today most people consider it to be an investment asset—something to save in a Bitcoin IRA, for example.
As a decentralized, digital asset, Bitcoin is a popular investment choice for people who want to add alternative assets to their portfolios. Many find cryptocurrency appealing as a hedge against inflation or as a great way to get diversification. Bitcoin has experienced astronomical growth and has outpaced recent gains on major stock market indices, making it an attractive alternative.
Historical price of Bitcoin
Compared to blue chip stocks like Pfizer, Nike, or Nestle, Bitcoin is quite young. It was launched in 2009, and its price has skyrocketed.
In 2010, Laszlo Hanyecz, a software developer and an early believer in Bitcoin’s value, famously paid 10,000 Bitcoins for pizza. Today, those coins would be worth over $580 million.
Since then, Bitcoin’s price has continued to climb. At the beginning of 2024, its price was $44,187. By March 2024, its price reached its highest level ever, surpassing $73,079.
“The potential benefits of investing in crypto are potentially higher returns than a more traditional stock and bond portfolio may yield on its own,” said Drew Feutz, a certified financial planner (CFP).
