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It's interesting to see how the price of Bitcoin has evolved over all these years. I remember in 2010, Bitcoin's rate was just laughable — only 28 cents. Who would have thought back then that it would turn into what we see now.
The first few years, the price crawled slowly, then suddenly in 2013, it skyrocketed to $813. After that, there was a pullback, several years of sideways movement, but in 2017, the first serious bull market occurred — the rate jumped to $8,771. It seemed like the peak, but no.
2020-2021 showed that this was only a prelude. By the end of 2021, Bitcoin reached nearly $59,000. Then the bear market of 2022 knocked the price down to $16,000, but the recovery was quick. In 2023, it returned to $37,000, and in 2024, it broke a new ATH — $95,500.
Looking at this trajectory — it's simply exponential growth with periodic corrections. Each cycle higher than the previous one.