Cryptocurrencies: 10 years of Bitcoin

Cryptocurrencies: 10 years of Bitcoin

Cryptocurrencies: 10 years of Bitcoin

1920 1080 Abigail Martinez

Today a decade ago, the mysterious founder of Bitcoin, Satoshi Nakamoto, published a nine-page article called “Bitcoin: a peer-to-peer financial system.” This document would continue to act as the founding text of the popular cryptocurrency, under its principles the first Bitcoin transactions were carried out in early 2009.
It’s impossible to say how much Bitcoin has increased its value, which in its beginnings was worth only cents, but an estimate  shows that it has increased more than 1 million times its value in the last decade.

The early years

The first Bitcoin transactions were carried out in private and no one really knows how many of the existed or how much they amounted to. It’s believed that the first exchange was between Nakamoto and the developer Hal Finney, and to date many speculate that both were the same person.  

A new market

Bitcoin began slowly, but started to gain attention in 2013. At the end of this year the value of the cryptocurrency increased from approximately $ 100 per coin to $ 1,000 in just over a month, before collapsing and reducing its value by half.   

2017: The Bitcoin bubble

After three years, Bitcoin officially entered the global market as a means of payment for transactions. In this year the value of the cryptocurrency increased from around $ 1,000 to almost $ 20,000 per coin, in a matter of months.  

10 years later

In the first months of 2018, Bitcoin continued to decline in value until it stabilized around $ 7,000 per unit. It has remained in the range of $ 6,000 to $ 7,000 since June, and the volatility that characterized the market in 2017 and early 2018 has almost disappeared.  Bitcoin started the boom of cryptocurrencies, new applications of blockchain and financial products that promote inclusion.

Ten years after its birth Bitcoin and every other existing cryptocurrencies are increasing their popularity as a means of exchange and investment. With Glass you can now track your cryptocurrency accounts within the same platform as your other bank accounts. Join Glass and change the way you handle your finances.