What is bitcoin


Bitcoin is an electronic currency, the concept of which was voiced by Satoshi Nakamoto in 2008 and presented by him in 2009, based on a self-published document by Nakamoto.

Initially, this cryptocurrency cost only a few cents and attracted little public attention. In 2013 alone, the bitcoin exchange rate surpassed the $ 1,000 mark for the first time.

The year 2017 became significant for this cryptocurrency, at the beginning of which one bitcoin cost a thousand dollars. Then he began to cross the thousand marks almost every month, confidently approaching 20 thousand.

How the cryptocurrency rate changed
In February 2020, amid falling global stock markets, bitcoin grew steadily. On February 9, the price of cryptocurrency crossed the mark of $ 10 thousand for the first time since October 2019.
The price of cryptocurrency on March 13, 2020 fell by 32% to $ 3915, which was the lowest figure since March 2019.
On May 11, 2020, the “halving” of bitcoin (BTC) took place. The main task of this mechanism, laid down in the protocol of the blockchain network more than ten years ago, is to control the issuance of cryptocurrency and curb its inflation.
The US stock indexes Dow Jones Industrial Average, Nasdaq and S&P 500 fell 9.5 percent in trading on March 12. It was a record drop since October 19, 1987, known as Black Monday.
As of July 28, 2020, at the beginning of quarantine, bitcoin has risen three times.
As of October 21, 2020, the bitcoin exchange rate, which collapsed in early September, reached $ 12,291 per coin.
On October 22, 2020, the value of bitcoin rose to an annual maximum.
On November 4, 2020, the day of the US presidential election, the bitcoin rate rose above $ 14,000.
On November 18, 2020, the value of bitcoin for the first time since December 2017 exceeded $ 18 thousand.
On December 16, bitcoin set three records at once.
On December 30, 2020, the bitcoin exchange rate rose to $ 29 thousand.
As of January 8, 2021, the value of bitcoin exceeded $ 40 thousand.
On February 19, 2021, Elon Musk revealed the secret to the success of bitcoin.
On February 22, 2021, the price of bitcoin exceeded $ 58,000.

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