The price of bitcoin 10 years ago was not even $10

On August 22, 2012, that is 10 years ago today, the price of bitcoin was $9.55, not even $10, so far from today’s $21,000!

The price of bitcoin 10 years ago was $9.55!

The queen of crypto-currencies has come a long way: suffice it to say that on today’s date but 10 years ago, its price was not even $10, in fact BTC was worth exactly $ 9.55.

FUN FACT: 10 years ago today #Bitcoin was $9.55

– Watcher.Guru (@WatcherGuru) August 21, 2022

“FUN FACT: 10 years ago today, bitcoin was worth $9.55.”

Today theBitcoin hovers above $21,000, it can be said that in those 10 years, its price has increased more than 2,200 times.

If Bitcoin were at its ATH today, the ATH of $67,500 (reached on November 8, 2021) the price increase from exactly 10 years ago would be over 7,000!

Staggering figures for those who were already navigating the crypto-currency sector at the time, and therefore could have already bought bitcoin or Litecoin (LTC), the digital money born in 2011. Ethereum (ETH) and Monero (XMR), on the other hand, did not yet exist, while Ripple (XRP) was still called OpenCoin.

The price of bitcoin over the past decade

The crypto-currency asset par excellence is the one that has shown the most volatility in its price, while remaining with an upward trend over the long term.

Starting from not even $10, 10 years ago (the price was $9.55), over the past decade, BTC has seen its price pump & dumpwith some key moments in its history.

Thus, while 2012 was a generally quiet year, 2013 saw, on the other hand, a sharp increase in the price of BTC, from $13.80 at the beginning of the year to $230 in April, returning to $68.50 in July and $123 in October, ending 2013 with the price of $1237.

However, a sharp decline was recorded in 2014 with BTC at $315 in early 2015. Only in 2016 that the price went back up to $900 which makes 2017 the year of the Bitcoin explosion.

After hitting $1,000, BTC soared to $2,000 in mid-May and then soared to $19,345 in December 2017. So for this year alone, its performance was close to the previous year’s with a times 20.

2018, the year remembered for the boom in ICO scams, has again negatively affected the price of BTC. It was not until 2020 with the COVID-19 pandemic, that the price of bitcoin went back up, starting the year at $ 19,000 and ending it at $ 29,000, thus recording +416% in one year.

Finally, 2021 was the year of new all-time highs for bitcoin, touching the previously all-time high of $67,500. Since the beginning of 2022, the price has suffered since then, reaching the current $21,000. Bitcoin fell below $23,000 for the first time since December 2020.