In 2011, the Electronic Frontier Foundation (EFF) accepted BTC for donations for a few months, but quickly backtracked due to a lack of a legal framework for virtual currencies. In February of 2011 , BTC reached $1.00, achieving parity with the U.S. dollar for the first time.
Read moreWhen did bitcoin reach $1?
In February of 2011 , BTC reached $1.00, achieving parity with the U.S. dollar for the first time. Months later, the price of BTC reached $10 and then quickly soared to $30 on the Mt. Gox exchange. Bitcoin had risen 100x from the year’s starting price of about $0.30.
Read moreWhen was bitcoin worth $100?
As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble. In early April 2013 , the price per bitcoin dropped from $266 to around $50 and then rose to around $100.
Read moreHow much would I have if I invested $1000 in bitcoin?
Still, the digital asset is down about 20% year to date, and roughly 40% below its all-time high hit in November. That means that an investor who had put $1,000 in bitcoin at the start of the year would have about $780 in their account right now after just a few weeks of holding the volatile asset.
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