Bitcoin price doubles for the 19th time – six figures by 2021?

Bitcoin price: a businessman holds a bitcoin coin between 3 green arrows pointing upwards

The bitcoin price has risen by 116 per cent in the last 30 days. It wasn’t the first doubling by a long shot – and it probably won’t be the last. Market update.

The bullish mood in the crypto market continues and Bitcoin Revival is currently trading at 41,400 US dollars – up 6.51 per cent on the day. The bitcoin price is marking new all-time highs practically every hour.

Green candles wherever the eye looks: The bitcoin price over the last 30 days

With its recent interlude at the US$40,000 mark, Bitcoin has further cemented its reputation as the strongest asset of the decade. As the crypto-analysis company Bytetree calculated in a newsletter on 6 January, the Bitcoin price has already doubled 19 times in its comparatively short history. The first doubling took place on 25 October 2010, when the Bitcoin price was 12 cents. ByteTree is silent about where the figure comes from.

How much was a Bitcoin worth in 2010?

What is certain: In May 2010, Two pizzas changed hands for 10,000 bitcoin. The equivalent value of the pizzas was 21 US dollars; on a trading platform that has since been shut down, 10,000 BTC would have been available for 42 US dollars.

This emerges from a response to the pizza request posted by Laszlo Hanyecz, a Bitcoiner from the very beginning, on the forum on 18 May 2010. According to Investopedia, BTC was trading between US$0.0008 and US$0.08 in July 2010. So the 12 cents that ByTree gives as the bitcoin price for October 2010 is understandable. After that, the bitcoin price doubled regularly, especially in 2011, 2013 and 2017. After the bursting of the ICO bubble at the end of 2017, Hodler had to be patient for two years until a new all-time high again exceeded the previous one by more than double.