Satoshi Nakamoto

Bitcoin

when

strong bull

Bitcoin has marked history by now becoming the world’s 10th biggest currency. As Zora co-founder Jacob puts it, In terms of market cap value, about 19.8 million BTC, which is valued at $2.04 trillion, marks one of its most outstanding record-breaking performances.
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Its current rankings place it at number 12 on the global level in terms of economy as well, beating out so many financial institutions around the world.
This increase follows a <a href="https://www.cryptotimes.io/2024/12/05/bitcoin-the-more-you-criticise-the-more-i-rise/" target="_blank" rel="noopener noreferrer nofollow">thrilling time for Bitcoin</a>, which just recently passed the $100,000 mark during a strong bull run. The uptrend started when Donald Trump won the 2020 U.S. elections, creating a surge in investor confidence and catapulting the cryptocurrency forward.&nbsp;
If anything, looking back, the journey that Bitcoin has had has been incredible. In 2021, Bitcoin recorded the highest market capitalization on November 9, which was valued at $1.28 trillion, with a price of $67,617 per bitcoin.&nbsp;
Just a few years ago, in 2019, it ranked 33rd among the world’s currencies and placed 43rd by economic value. From October (2017-2020), Bitcoin’s market capitalization remained under the $250 billion mark. But it all changed from November 2020 to February 2021, Bitcoin saw an unbelievable growth of 321% and broke the $1,000 billion market capitalization barrier.
Fast forward to today, and Bitcoin has had remarkable growth, both due to investor enthusiasm and ever-changing market dynamics.
The history of <a href="https://www.cryptotimes.io/2024/12/05/bitcoins-historic-price-movement-a-tale-of-booms-and-busts/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price is a rollercoaster</a>. In the beginning, in 2009 when the currency first emerged, it was almost worth nothing – selling at less than one cent. It made a real jump in October 2010, shooting from just under $0.10 to $0.20.&nbsp;
Within a year, in June 2011, Bitcoin peaked at $29.60, before a market sell-off caused it to close the year at around $5.2. Bitcoin only went up despite its up-and-down curve. Bitcoin saw approximately $1.2 billion market capitalization in 2013. Nine years after Bitcoin was created, it could reach the $100 billion mark, as the market capitalization reached $100.1 billion in October 2017.
It has therefore continued to be one of the most influential assets our world has ever seen.
What once started as a plan conceived by the mysterious Satoshi Nakamoto to be an everyday transaction tool is, over time, the worldwide super-economic power that can boast the attention of any investors, governments, or technical innovators.

Bitcoin Becomes World’s 10th Largest Currency by Market Cap

The Crypto Times

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