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A Look at the Price of Bitcoin

A Look at the Price of Bitcoin

bitcoin price

Bitcoin is one of the most popular cryptocurrencies in the world. It has the highest US dollar value and no other crypto can get close to it any time soon. As of this writing, BTC is worth $43,206.

The good thing is that Google or any other search engine will give you the real-time value of Bitcoin against any fiat currency in the world. This is good information if you want to invest. 

However, the best information is understanding the past history of the price of Bitcoin, the current price, and the price prediction for the future.

It is also worth understanding the factors that influence the price of BTC. 

That said, let’s dive into this topic. 

History of the Price of Bitcoin

Satoshi Nakamoto is the speculated founder who brought BTC into the limelight in 2009. At first, people did not know much about cryptocurrency and demand was extremely low. Hence, the dollar value of BTC started at less than $1. 

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Things did not get any better for the coin until 2011 when it peaked at $26, which is still very low as compared to today’s value of tens of thousands. However, both the founders and early investors were happy with the steady growth. By the end of 2013, the crypto had grown to $1,237, which is one of the biggest growths ever. 

The main growth started in 2016 when investors realized that Bitcoin was a working crypto investment. Through 2020, the value had grown all the way to $29,000. 

The Current Price of Bitcoin

2021 to the present has seen a lot of demand for Bitcoin, and the value has shot up high regardless of the COVID-19 pandemic that has greatly affected the economy. However, people are investing cautiously, and if you are too, you can read more about the price of Bitcoin on the Loop website. If you want to buy one BTC today, you need a whopping $43,206, a Bitcoin wallet, and a reliable exchange platform. But you can also buy a portion of a coin from different sellers. 

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So, what is currently affecting the price of Bitcoin that you should know? 

Global economy – The current status of the economy is not that good and this will definitely make potential investors shy away from buying and selling BTC. 

Political crisis – Russia’s invasion of Ukraine is quickly escalating into political wars affecting the entire globe, and this has a ripple effect on the growth of Bitcoin. 

The Future Price of Bitcoin

The future of Bitcoin is bright though. In the coming years, it is anticipated that BTC might hit the $100,000 market, although no one is sure because of the high volatility of the crypto industry. It is worth buying some coins now that you know the price of Bitcoin and locking them in a reliable investment or holding program. This will give you some interest in return. 

With all the above insights, it is easy to make the right decision if you want to become a Bitcoin investor. Crypto has been on consistent growth and there is no doubt that it will continue to grow. 

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