Bitcoin price in Canadian dollar 2021
Year | BTC/CAD |
---|---|
Year2015 | BTC/CAD507.11 |
Year2016 | BTC/CAD886 |
Year2017 | BTC/CAD8,671 |
Year2018 | BTC/CAD11,379 |
Year2019 | BTC/CAD7,048 |
Year2020 | BTC/CAD17,709 |
Year2021 | BTC/CAD77,861 (26 Oct) |
2021 (till 26th October)
Current (19th October): 77,861 CAD
Highest: 77,861 CAD (26th Oct)
Lowest: 40,957 CAD (1st January)
Average: (Yet to be calculated)
Bitcoin price in Canadian dollar 2015-2017
2015:
2016:
2017:
Bitcoin price in Canadian dollar 2018-2020
2018:
2019:
2020:
How Bitcoin Price Is Determined
The value of Bitcoin is dependent on many factors, be it the market condition or global economical state.
We have to be conscious of the point that bitcoin doesn't have value on its own, rather we have elaborated its value by giving it importance in the monetary world.
Although physical components such as gold likewise don't have any power on their own, it's just due to their rareness/scarcity by which the market has increased.
If we consider a hypothetical planet where gold's presence is more than wood, then the wood would be costlier than gold provided the fact that wood is a basic necessity for the inhabitants living on that planet.
The entire game of price determination is in the hand of supply and demand, including a few more circumstances.
Factors deciding the price of Bitcoin:
- Supply
- Demand
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