Bitcoin is still relatively new, and mostly unknown by the general population. It is, however, reaching the stage wherein the masses of the public will not only discover Bitcoin, but get involved with it. The Bitcoin price history provides a clue as to how close we are to parabolic Bitcoin prices.
When Bitcoin was first introduced in 2009, its price was zero. There were no Bitcoin exchanges, no private sales of Bitcoin, no buyers whatsoever. There simply was no price for Bitcoin.
It didn’t take long for that situation to change.
Here is the price history of Bitcoin on the First day of the year, going back to the original release of Bitcoin into the public realm:
- January, 2009 Bitcoin introduced (price = $0)
- January 1, 2010 Bitcoin price = $0.01
- January 1, 2011 Bitcoin price = $0.30
- January 1, 2012 Bitcoin price = $5.27
- January 1, 2013 Bitcoin price = $13.30
- January 1, 2014 Bitcoin price = $770.44
- January 1, 2015 Bitcoin price = $313.92
- January 1, 2016 Bitcoin price = $434.46
As you can see from the table of the price history of Bitcoin above, the price experienced a drop throughout 2014 and 2015. We’ve written about the 2 year Bitcoin price drop, and that our opinion for the plunge was a coordinated attempt by the mega banks to attack Bitcoin. Having failed to kill it out of existence, they are now trying to gain control over it. You can read about the epic battle going on in our Bitcoin price news section.
We believe that Bitcoin will win the battle, and that much, much higher prices will be seen in the coming months and years.
Here is a chart showing the Bitcoin price history going back to when the first official Bitcoin exchange was formed: