Infographics

A Visual Journey of the Bitcoin Bull Run

In April 2021, Bitcoin hit an all-time high of over $63,000. This meteoric rise and Bitcoin bull run is a story over a decade in the making, as Bitcoin first arrived on the scene in 2009. The first purchase using Bitcoin was for pizza in 2010, assigning monetary value to the currency. In 2013, Bitcoin grew to $1,000 per coin before crashing to $300, indicating a future trend of volatility. Still, Bitcoin continued to recover value over the next few years even while operating next to other cryptocurrencies. The more establishments, banks, and fintech institutions that acknowledge Bitcoin, the more useful it is as an asset. By 2019, Bitcoin prices more than doubled, outperforming even the best stocks. As the global economy slowed in 2020, cryptocurrency funds and futures became attractive to investors.

Why do people want to use Bitcoin? Beyond the value assigned to it by the market, Bitcoin has a finite supply compared to official currencies, making it a hedge against inflation. Its success has prompted adoption of central bank digital currencies across the globe and persuaded the Office of the Comptroller of the Currency to give banks permission to hold crypto on its customers’ behalf. Apple Pay also began accepting BitPay, a prepaid Bitcoin MasterCard. As worries about future inflation continue, more institutions see Bitcoin and other cryptocurrencies as a safe thing to accept.

Going forward, one should expect to see rapid adoption of crypto cards, emergence of new use cases for crypto, and increased investing in Bitcoin from traditional finance leaders. Of course, it’s important to adopt a crypto trading strategy.  Investors should also watch out for the cost of mining coins. In 2018, crypto mining accounted for 1% of global energy consumption. In 2020 alone, Bitcoin consumed 120 gigawatts per second, the equivalent of 156 million horsepower.

Crypto is the future of currency. Don’t get left behind:


Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: contact@cryptomode.com

CryptoMode Staff

Share
Published by
CryptoMode Staff

Recent Posts

CryptoGames: Play 9 Games with 10 Different Crypto Currencies

In today’s era, Crypto currencies are now more than just a buzzword. This futuristic currency…

13 hours ago

5 Smaller Play-to-Earn Games And Tokens You Might Have Missed

The play-to-earn ecosystem continues to fire on all cylinders. As a result, investors, speculators, and…

15 hours ago

Buy the NBM token and learn how to trade on the NFT Black Market

Known as the most important black market for NFTs today, this platform is presented as…

15 hours ago

QANplatform (QANX), the quantum-resistant blockchain platform launches its CEX listing journey on Gate.io

Tallinn, Estonia, 28th November, 2021, Estonia, Tallinn, Nov. 28, 2021: Gate.io lists QANX Token, the…

20 hours ago

Are Gambling Coins A Dead Concept Or Will They Rise Again?

In the early stages of cryptocurrency, gambling was one of the more prominent use cases.…

2 days ago

5 Polygon Projects And Assets Noting Substantial Trading Volume

When the trading volume of a projectś native asset increases, it usually means one of…

2 days ago