Consider the fact that Bitcoin just eight years ago was worth zero. Fast forward a few years and the price currently trading over $1200. An incredible growth in value. Bitcoin has gone from being a white paper named Peer to Peer Electronic Cash which caught the fascination of the Techie community in November 2008 to being taken very seriously by Governments, Investors and Consumers as the value increased and continues this upward trend.
Historical Bitcoin prices below:-
The Cryptocurrency market has grown exponentially as new coins are introduced and value has increased overall.
Bitcoin vs Altcoins – see graph below for split.
There will only ever be 21 million Bitcoins mined – the creation of Bitcoin is according to a set schedule that is in the code. This cannot be altered. As the supply diminishes and the demand increases, the price will go up.
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