The chart showed Bitcoin’s price at a fraction of a cent, with $1 being enough to purchase over 10 BTC. Today, those same 10 BTC would be worth hundreds of thousands of dollars, highlighting the meteoric rise in BTC’s price.
Back in 2010, Bitcoin was a relatively unknown digital currency, having launched the year before and was primarily used by a small group of enthusiasts and early adopters.
From being worth mere cents to reaching all-time highs of nearly $74,000 this year, Bitcoin’s price growth has been nothing short of extraordinary. What began as an idea for a decentralized currency has grown into a multi-trillion-dollar market, attracting investors, institutions and governments worldwide.
Recent weeks have seen numerous reactivations of several ancient Bitcoin wallets, whose value has skyrocketed astronomically as the price of Bitcoin increased.
As reported today, a long-dormant Bitcoin wallet address was activated after 11.4 years. Back in 2013, the BTC stash was worth around $10,174. This has now skyrocketed to an astounding $3,274,741, representing a phenomenal 32,087% increase.
Bitcoin reached a new high of $73,798 in mid-March, boosted by wagers on looser U.S. monetary policy and inflows into U.S. exchange-traded funds. The surge has recently eased, as has the pace of ETF inflows.
At the time of writing, Bitcoin was up 0.37% in the last 24 hours to $61,087.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
