Hey,
I always believe that behind
every great person they always have a great story to share,
The story of how they made
history.
The sweat and tears they
gave.
The obstacles they
faced
The story behind each scar that
is left behind that only he/she knows.
But looked glorious in the
public’s eyes.
And Bitcoin is no
exception.
Ever since 2009 when BTC was
born, it faced many obstacles,
Left behind many battle
scars
A counting of 5 Big scars and
many minor ones….
The first scar was in June 2011
bitcoin experienced its first bull to $32 followed by a moderate crash down to $2.10.
In April 2013: it experienced
its first bull run of the year, rising to $260 on April 10, 2013. The price then crashed over the next two days down to $45.
Late 2013 Bitcoin experienced an
almost 10-times price increase between October and December. BTC was trading at $125 at the beginning of October before reaching $1,160. By December 18, the price crashed to $380.
In December 2017: Bitcoin saw a
meteoric rise in price to just under $20,000 by December 17, 2017. This cemented Bitcoin’s position and caught the attention of government and institutional investors.
In the Q2 of 2021: BTC sustained
a price rise to $63,000 by April 13, 2021 after the stock and crypto market crash in 2020. BTC and the crypto market then saw a significant selloff in May 2021 before stagnating in price.
With economic instability from
the endemic, Bitcoin was seen by some as a digital gold.
It’s helpful to understand why
Bitcoin has had such a high price trajectory, but it doesn’t tell us what will happen in the future.
With many scars left behind made
it the dominant asset in the cryptocurrency space for many years.
And maybe many more years to
come.
However, past performance is not
indicative of future results.
So always do your own due
diligence.
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