Bitcoin was first seen in 2009 but it gained popularity in 2017 when its price touched at almost $20,000. Almost everyone knew about it and was attracted to it. It is a digital currency without any central or governmental body watching it. Instead, it is maintained by a group of coders. Also, it has a limited supply of 21 million bitcoin. The algorithm creates a small amount of bitcoin every hour till it reaches a number of 21 million. The factor which makes it popular is bitcoin price. Due to its price, it attracts many users.
What is bitcoin?
Bitcoin is invented by Satoshi Nakamoto who describes it as electronic cash. It is transferable internationally without the need for any middlemen. It has a dedicated open network of computers distributed all over the world.
It is very important to keep track of bitcoin price. It has seen a lot of ups and down in its 10 years of existence. In 2009 when it was started, its price was lower than $0.1. But from there it keeps increasing and touched $1 for the first time in Feb 2011 but from there it falls down. Then it took another 2 years i.e. in 2013 to reach a mark of $100. In 2017 it saw a great rise. Touched $5,000 mark and reached its all-time high at $18,000 at the end of 2017. But from there it falls again and now it is around $8,000 – $10,000.Expert says that there is a chance of increasing the price and will go higher than $20,000.