Bitcoin has reached a historic milestone, becoming the world’s 10th largest currency by market capitalisation. With a current value of $2.04 trillion across 19.8 million BTC, it has cemented its place as a dominant force in global finance.
From Humble Beginnings to $2 Trillion
Launched in 2009, Bitcoin started as an idea by the pseudonymous Satoshi Nakamoto, worth less than a cent. By 2013, it had reached a market cap of $1.2 billion. Fast-forward to today, Bitcoin has soared, consistently breaking barriers to achieve unparalleled growth.
Bitcoin’s rollercoaster journey includes pivotal moments. In 2017, it breached the $100 billion mark in market capitalisation. By 2021, BTC hit an all-time high market cap of $1.28 trillion, with individual prices reaching $67,617. The ongoing 2024 bull run saw Bitcoin surpass $100,000 for the first time.
A Global Economic Powerhouse
Currently ranked 12th among global economies, Bitcoin’s value outstrips many established financial institutions and national currencies. Its rapid ascent since 2019, when it ranked 33rd, underscores its growing influence.
Driving Investor Confidence
The surge in Bitcoin’s value reflects a mix of investor enthusiasm, institutional backing, and market dynamics. Key events, such as geopolitical developments and the 2020 U.S. elections, have further driven its bullish momentum.
Bitcoin’s remarkable growth demonstrates its evolution from a niche innovation to a global economic juggernaut. As it continues to break records, it’s clear Bitcoin remains one of the most influential assets in modern financial history.
