In April 2021, the Bitcoin market cap reached an all-time high and had grown by over 1,000 billion USD when compared to the summer months. The market capitalization decline since that moment, reaching roughly 600 billion U.S. dollars in June 2021. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately one billion U.S. dollars in 2013 to several times this amount since its surge in popularity in 2017.
Bitcoin use among consumers
While its market capitalization grew at an unbelievable rate from 2013 to 2017, the public is only slowly becoming aware of its existence. As many as 25 percent of Americans were still not familiar with bitcoin and as of 2019. While there are over 18 million bitcoins in circulation, there are only 6,674 Bitcoin ATMs around the world. So its physical presence is minimal, and the majority of ATMs are located in the United States.
Bitcoin prices
What makes a bitcoin different from traditional currency is that it is decentralized and no single institution or bank controls the bitcoin network. It is also unique because an account is easy to set up, and it is completely transparent. The bitcoin price index (the average bitcoin price across leading global exchanges) has also increased significantly since its creation, rising from 367 U.S. dollars in January 2016 to a peak of over 13,000 U.S. dollars at the end of December 2017.
FAQs
On December 31, 2013, Bitcoin (BTC) had a market capitalization of $9.2B, based on 12.2M coins issued at a price of $754.01.
What will Bitcoin be worth at the end of 2024? ›
BTC Price Prediction 2024-2030
| Year | Minimum Price / Maximum Price |
|---|
| 2024 | $82,000 to $85,000 |
| 2024 | $98,000 to $105,000 |
3 days ago
Bitcoin (CRYPTO: BTC) has been on a fantastic run over the past year and a half -- it's now up by 299% since the start of 2023. That growth has slowed a bit, as the price of the crypto is down 6% from its all-time high that was reached in March.
What was the price of 1 Bitcoin in 2009? ›
What Price Did Bitcoin Start At? Bitcoin was originally worth next to nothing. The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around INR 414.65, giving each Bitcoin a value of $0.0009 each.
How much was 1 Bitcoin worth in 2013? ›
Opening in 2013 at $13, BTC skyrocketed to breach $1,000 by November 2013.
What was Bitcoin's market cap in 2014? ›
On December 31, 2014, Bitcoin (BTC) had a market capitalization of $4.4B, based on 13.67M coins issued at a price of $320.19.
What will $1000 of Bitcoin be worth in 2030? ›
By getting investors excited about the future of Bitcoin, she could attract more inflows to her ETF. If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%.
What will Bitcoin be worth in 2040? ›
Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.
Will Bitcoin be worth anything in 20 years? ›
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, Director of Global Macro at Fidelity Investments, predicts a staggering future for Bitcoin, suggesting that the value of a single Bitcoin could soar to $1 billion by 2038 to 2040.
How much was 1 Bitcoin worth in 2000? ›
The average closing price for Bitcoin (BTC) in 2000 was $0. The latest price is $67,694.
The lowest closing price for Bitcoin (BTC) all-time was $0.05, on July 18, 2010. The latest price is $70,809.85.
How much did Bitcoin cost in 2018? ›
It spent much of the year bouncing between $6,000 and $8,000 before closing 2018 at $3,709 – down 73 percent for the year. The year 2019 kicked off with more of the same, as Bitcoin looked for direction. It tried to burst through $4,000 for the first few months, but finally hit it in April and then rose to $5,000.
What was the market cap of Bitcoin in 2012? ›
On December 31, 2012, Bitcoin (BTC) had a market capitalization of $142.8M, based on 10.61M coins issued at a price of $13.45.
What was the Bitcoin history in 2013? ›
Price rose from $150 in October to $200 in November, reaching $1,242 on 29 November 2013. The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on 11 April. Price broke above the November 2013 high of $1,242 and then traded above $1,290.
What is the market cap of Bitcoin in 2015? ›
On December 31, 2015, Bitcoin (BTC) had a market capitalization of $6.5B, based on 15.03M coins issued at a price of $430.57.
What was the market cap of Bitcoin in 2011? ›
On December 31, 2011, Bitcoin (BTC) had a market capitalization of $34M, based on 8M coins issued at a price of $4.25.
