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As 2024 closes, Bitcoin continues to be the most influential digital asset, recently reaching an impressive price of $99,700, its all-time high to date. This milestone caps a year of recovery, growth and consolidation in the Cryptocurrency market.
Bitcoin: A journey from its origins
Launched in 2008 by Satoshi Nakamoto, Bitcoin was designed as a decentralized financial system. In 2009, its initial value was practically non-existent, hovering around $0.0007 per coin. However, it quickly captured the attention of a small group of technology enthusiasts, marking a before and after with the famous transaction of 10,000 BTC for two pizzas in 2010.
Bitcoin price evolution in 2010.
Overcoming challenges and global adoption
In 2011, Bitcoin reached its first major milestone by equaling the value of the dollar, before reaching $28 that same year. However, his rise was not without difficulties. The crash of the Mt. Gox exchange in 2014 and other events highlighted its volatility and associated risks.
Despite these challenges, the digital asset showed remarkable resilience, reaching $1,151 in 2013 and positioning itself as an innovative financial alternative.
Between 2016 and 2021, Bitcoin experienced one of its most important stages. From $430 in 2015, it grew exponentially to nearly $70,000 in 2021, driven by growing institutional interest and broader adoption around the world.
2024: A year of consolidation
After a difficult 2022, marked by the falls of Terra and FTX, Bitcoin recovered notably. In 2024, it started the year at $44,167 and quickly broke several psychological barriers, reaching its all-time high of $99,700 in November. This growth was driven by renewed institutional interest, regulatory advancements, and a growing perception of Bitcoin as a store of value.
The future of Bitcoin
As Bitcoin trades around $96,000, the question in the market is whether it will surpass the $100,000 mark before the end of the year. Beyond its price, its ability to transform the global financial landscape and its position as a leader in the crypto market consolidate its place as one of the most disruptive innovations of the century.
Bitcoin’s journey from an innovative idea to becoming a global asset is a testament to its impact and the possibilities offered by a decentralized financial system. No matter what the future holds, Bitcoin will remain a fundamental pillar in the global digital economy.
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