Bitcoin is one of the most famous cryptocurrencies which is being used around the globe. There is no authoritative party or middlemen involved in this payment process. It is a kind of digital currency stored electronically, and they are way different from traditional payment. If you are thinking about using bitcoin payment, you can see the bitcoin price chart to overview the service.
Bitcoin is getting popular as it charges minimum or no fee at all to the transaction process. Bitcoin price chart depends on many factors, but they are still some ambiguousness about them. Bitcoin has seen multiple changes in its pricing in its short period.
History of its pricing:
- Bitcoin got its acceptance in the year 2011 from a non-profitable group. But it was rejected by the same group due to the uncertainty of this payment system.
- But 2012 was a big year for bitcoin as it got launched and got approval from thousands of merchants as a digital currency.
- In the year 2013, the value of one bitcoin got higher and became $22. The next year, it accepts an endorsement for the product that was the first deal for the bitcoin pricing.
- But unfortunately year 2015-16 was disastrous for this digital currency as it got the victim to hacking. Bitcoins multiple exchanges were being targeted by the hackers. But still, these years have also seen various positive growth of Bitcoin. 700 ATMs are being installed for this cryptocurrency around the world which make this service more convenient for the people
- In 2017-18, the cryptocurrency saw its rapid popularity among traders and other business associates. Even in 2017, the price of digital currency got its highest peak, which was $20,000. And this currency was getting accepted by mainstream businesses.
- In 2019-20, the cryptocurrency saw some ups and downs, but it’s getting popular as a digital currency throughout the world.
There are many advantages of using digital currency bitcoin that gained so much popularity. It is secure for personal information leaks and also your money. Also, the transaction can be done on a meager amount without any sales tax.