Bitcoin Price In the USA During 2015-2020
Note: The values written in this article are the average prices of a year. The average or the mean prices are calculated by dividing the sum of the average price of January and December by 2.
There is a chance of higher volatility that may have wrecked the impact of the highest price of Bitcoin in the particular year.
It may be possible that a year may have the highest rate of Bitcoin as 5 times the average/mean rate of Bitcoin in a year or the price of Bitcoin in January and December is too low as compared to the prices in the other months. Hence, the average or mean value doesn't show complete insight.
how much is 1 bitcoin in USD
2015: 330 USD
2016: 665 USD
2017: 7,950 USD
2018: 9,080 USD
2019: 5,552 USD
2020: 12,000 USD
Current price of BTC in 2021: 62,922USD (26th October)
Fact: The US dollar is the most traded currency on this planet. Traders, most of the time, compare other tradable objects or currencies with the US dollar to have insight.
Bitcoin Rate/Price Growth in 2015-2021
Bitcoin didn't perform well in 2019. The average rate of Bitcoin in 2019 decreased by around 4k USD in comparison to the previous year.
If we look a little back, Bitcoin saw a sudden rise in its rate in the year 2017. The mean or average price was exploded to more or less 7.9k USD, the value was about 665 USD in the previous year.
Due to increasing supply shortage as time flows, the price rose, so the demand rose simultaneously. The market is all about supply and demand.
The average price of a Bitcoin in 2016 raised to double the price of Bitcoin in 2015 (330 USD to 665 USD) in the USA.
The average price in 2017 was about 12 times more than that in 2016. The mean value of a Bitcoin in 2018 was increased by 1.1 times that in 2017.
Although the price hike from 7k USD to 9k USD seems big, but not big enough in mathematics. The average price of a Bitcoin in the USA in 2019 was decreased to 0.6 times that in 2018 or increased by 6/10 of 2017 (mind you, fraction).
Then comes the mega rise illusion from 5.5k USD in 2019 to 12k USD, which is almost double. The rise in the price of Bitcoin in 2021 is about 5 times that of 2020.
Supply and demand- The market makers
If a nonliving thing is created by a person or a group of people that is useful for a large section of people, in return the company is recognized as a value provider and not solely working for the share, in return, the demand would rise and there would be a shortage of supply.
This will raise the price of the stock, cryptocurrency, etc.
The price of Bitcoin right now is about 50k USD (35 lac INR or 36k GBP). One Bitcoin in the USA could buy you a Mercedes AMG A35, a true sports sedan with a luxury touch.
If you're more into two-wheelers, Lightning LS 218 with a top speed of 350 km/h is what a single Bitcoin could purchase you. I was about to bang my head on the wall for not investing in Bitcoin when my grandma told me about it.
Here's a short plan if you have a Bitcoin acquired in 2009 and you're about to exchange:
- Proportionally reinvest the money in real estate that makes you positive cash flow each month and let the assets grow for you
- Another proportion of money is to be invested in assets by starting a brokerage account then following the most skilled traders.
- You can also invest in several local start-ups, which offer a higher rate of income than most banks put together.
Total number of USA population in Bitcoin investing
As per the article of a well-known Nasdaq, roughly 46 million, or 13.8% of the total population in the USA possess at least a share of Bitcoin.
The adoption rate is increasing in the USA. The total number of Bitcoin. The total number of Bitcoin traders is around 64 million as per Blockchain 'dot' com. This points out a fact that about 71% of the Bitcoin users are from the USA.
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