Bitcoin has cemented its position as the 10th largest currency globally, reaching a staggering market capitalisation of $2.04 trillion. With 19.8 million BTC in circulation, the cryptocurrency has not only outpaced numerous national currencies but also surged to rank 12th in terms of economic value worldwide.
A Decade of Unstoppable Growth
From its humble beginnings in 2009, when Bitcoin was worth less than a cent, it has seen meteoric growth. A pivotal moment came in 2017, when Bitcoin’s market capitalisation crossed $100 billion for the first time. By 2021, it achieved a record-breaking $1.28 trillion cap, trading at $67,617 per BTC.
Bull Runs and Market Dynamics
Bitcoin’s journey to prominence has been marked by thrilling bull runs. The latest surge began during the 2020 U.S. elections, with BTC breaking the $100,000 mark in a wave of investor confidence. Between November 2020 and February 2021 alone, Bitcoin saw a jaw-dropping 321% growth, shattering the $1 trillion market cap barrier.
From Concept to Economic Powerhouse
Initially designed by the enigmatic Satoshi Nakamoto as a decentralised transaction tool, Bitcoin has evolved into a global economic force. It has consistently outperformed expectations, drawing attention from investors, governments, and tech innovators alike.
Bitcoin’s ascent highlights its resilience and growing influence in the global financial landscape, redefining the way we perceive currency and economic power.
