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Bitcoin history and expected future


Bitcoin is described as the first decentralized digital currency, and virtual currencies were first introduced in 2008 and were registered under an unknown name for a person named Satoshi Nakamoto.

The identity of the creator of the Bitcoin coin

The real identity of the Bitcoin currency creator is still mysterious today, and that despite the presence of several attempts to reveal his identity, it failed. The Bitcoin currency has witnessed several fluctuations in its value between the ups and downs over the years. Today, the users’ size is estimated Bitcoins, with more than five million users around the world own cryptocurrency wallets, most of them are Bitcoin users.

Bitcoin evolution

In January of 2009, Bitcoin 0.1 was launched, and Nakamoto mined the first Bitcoin. At this time, the idea was only popular among those who believed in ​​decentralized currencies and the open-source economy, even though its value was weak. And in 2010, Bitcoin was used for the first time to complete the purchase of some pizza worth 10 thousand bitcoins, and their value at the time were approximately equal to about $ 25.

The year 2011 witnessed a big step forward in Bitcoin use, as an online brigade store was established for the first time that accepts Bitcoin payment, which has opened new horizons for the Bitcoin currency that was not present before. In February 2011, the price of Bitcoin reached only a dollar, and in In 2013, things changed a lot.

The first bitcoin boom in 2013

At the beginning of 2018, the bitcoin currency witnessed a massive surge in its price, reaching about $ 200 per bitcoin. Its price suddenly fell, and ivory rose again and earned about $ 1242 in November of the same year, but the price was not fixed at this. The limit was for a long time, and soon it fell to $ 900 in 2014.

After the price of Bitcoin stabilized at $ 900 in 2014, the biggest shock occurred p / when one of the Bitcoin exchange platforms Mt. Gox, went bankrupt, as its system was hacked. It lost about 750 thousand customer currencies and one hundred thousand currencies of the platform itself, and the size of the loss that occurred was estimated at 500 million US dollars. In 2015 the price fell to about 300 dollars, making Bitcoin one of the worst-performing currencies this year.

The second Bitcoin boom in 2017

The year 2016 witnessed a big boom and a quantum leap for bitcoin and almost all cryptocurrencies. The Bitcoin currency began to recover from the shock of the downturn at the beginning of 2017 AD, when it reached in January 2017 the price of $ 1000. Not only that, but the price of the currency jumped significantly in the middle of 2017 when the price of one bitcoin reached 3000 US dollars, and with the beginning of July, the price of bitcoin decreased by about 36%, and the price of one bitcoin reached 1869 dollars.

In early September 2017, the price of bitcoin jumped to $ 5,000 per bitcoin. It fell in the middle of the month and rose again, and by the end of October 2017, the price of bitcoin had reached $ 6,300 per bitcoin. Today, as we approach the end of 2017, the price reached Bitcoin 12/16/2017 to almost 19 thousand dollars per bitcoin, and we find from that that in 2017 alone, the price of bitcoin rose from a thousand countries to about 19 thousand dollars.

The future of Bitcoin

Although the price of Bitcoin has witnessed several crises and moved between rising and falling a lot, now it is most likely that the currency is on the rise. Still, we must also consider that the previous history of the currency and its price fluctuation may give us a glimpse of what will happen in the future. It should also note that the world’s governments do not recognize cryptocurrencies. Many laws that govern dealing with them may appear in some countries, which causes many speculations about the future of the Bitcoin currency, and the fraud, fraud, and hacking raise many doubts. On its impact on the Bitcoin price, which is expected to cause its price to drop.

On the other hand, we find that the number of people looking for a unified international currency increases. Thus this makes this cryptocurrency unique in this field, and there may be rules that control the price in a way that guarantees the stability and stability of the price of Bitcoin and the rest of the cryptocurrencies.

The results of the Bank of America survey of its investor clients whose assets exceed the half-trillion barrier showed expectations of continued momentum in Bitcoin trading during the coming period after the buying fever that afflicted investors last year, which caused record gains for the cryptocurrency during the past year amounting to about 400%.

And Bloomberg Agency said in a report in which it reviewed excerpts from the report that for the first time since 2017 that bank clients or America, whose assets amount to about $ 561 billion, have accumulated that Bitcoin is the most traded investment asset amid an unprecedented state of speculation sweeping Wall Street over the cryptocurrency.

“Investors surveyed by the bank this month see signs that long-term positions in the largest cryptocurrency ever have reached unprecedented levels at a time when individual and institutional investors alike are heading to catch up with the wave of the cryptocurrency’s rise,” the report continued.

The results of the US Investment Bank survey also showed trends for investors to concentrate on stocks that will recover with the return of the enormous rise, including small and medium stocks, to the shares of companies in emerging markets at a time when their holdings of shares reached their highest levels in about three years.

While investors anticipate the best wave of corporate profits since 2002, the risks related to the possibility of a violent correction in the markets after recent rallies are closer than ever.

About 73% of the respondents said that the global economy is on the cusp of a cycle of economic growth that is the best since 2010, after recovering from the pandemic’s effects, which cast a shadow over the past general economic scene.

On the US economy in the era of Joe Biden, investors expect that the new president will pay attention to health care in the first 100 days of his presidency with efforts to overcome infrastructure problems, noting that Biden’s policies to raise taxes will allow reducing record levels of debt in the largest economy in the world.

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