Record Bitcoin infographic
Graphic shows Bitcoin’s record-breaking rally.
GN46471NL

BUSINESS

Bitcoin bereikt recordhoogte

By Duncan Mil

November 12, 2024 - Bitcoin climbed above $89,000, boosted by President-elect Donald Trump’s vow that the U.S. will become the “crypto capital of the planet.” Bitcoin is now worth some $1.63 trillion.

Bitcoin was the first digital currency and remains the most valuable. Founded in 2009 by unknown persons or a person named Satoshi Nakamoto, its trading history has been volatile and revolutionary.

The cryptocurrency’s value significantly changed in July 2011 when the value of a single bitcoin escalated from $0.0009 to $15.40.

In 2013, Forbes named Bitcoin the best investment of the year. Bitcoin began trading at $13 in the year, crossed $100 in April, and recorded a high of $1,242 by November.

The digital currency surged in 2017, beginning at $13, crossing $100 by April, then skyrocketing to $19,783.21 in December.

During the COVID-19 pandemic in 2020, while central banks were printing money, Bitcoin—with its fixed supply of 21 million coins—jumped from $7,161 to $28,993 by December.

In October 2021, Bitcoin hit an all-time high of $66,975

2022 saw bitcoin’s price decline; by year’s end, it was below $20,000.

The currency opened in 2023 for $16,530, ending the year at $42,258.

In January 2024, the U.S. Securities and Exchange Commission approved Bitcoin exchange-traded funds (ETFs), which hold Bitcoins in a secure digital vault managed by registered custodians. The price of these EFTs mirrors that of Bitcoins in the crypto market.

Sources
PUBLISHED: 12/11/2024; STORY: Graphic News; PICTURES: Getty Images
Advertisement