It’s been an eventful year for Bitcoin. Cryptocurrency has made headlines around the world, both good and bad. But despite the volatility, Bitcoin continues to make progress in terms of adoption and acceptance.
Here are some of the highlights from Bitcoin’s journey over the past year:
January: The first month of the year started off with a bang, as Bitcoin surged to a record high of $1,000 per coin. This was thanks to increasing demand from China, where investors were looking for alternatives to the country’s volatile stock market.
February: Things took a turn for the worse in February, as China cracked down on Bitcoin exchanges. This caused the price of Bitcoin to crash, and it lost around 50% of its value in just a few weeks. Also, you can check https://quantum-ai.io/ for more information.
March: Bitcoin regained some of its lost ground in March, as the price stabilized at around $700 per coin. This was thanks to increasing interest from Japan, where the government began to recognize Bitcoin as a legal currency.
April: April was another rough month for Bitcoin, as the price fell below $500 per coin. However, things started to turn around towards the end of the month, as more and more businesses began to accept Bitcoin as payment.
May: The month of May saw Bitcoin finally begin to recover, as the price rose back above $600 per coin. This continued into June, as Bitcoin reached a new all-time high of $2,000 per coin.
June: Bitcoin entered a new phase in June, as the price surged past $3,000 per coin. This was thanks to a number of factors, including increasing mainstream adoption and positive news from countries like Japan and South Korea.
July: The month of July was relatively quiet for Bitcoin, as the price hovered around $3,000 per coin. However, things began to heat up towards the end of the month, as the price surged to a new all-time high of $4,000 per coin.
August: August was another big month for Bitcoin, as the price reached an impressive milestone of $5,000 per coin. This continued into September, as the price climbed to a new all-time high of $6,000 per coin.
September: September was a tough month for Bitcoin, as the price fell back below $5,000 per coin. However, the month ended on a positive note, as the price recovered to around $5,500 per coin.
October: The month of October started off poorly for Bitcoin, as the price fell below $5,000 per coin. However, things began to turn around mid-month, as the price surged back above $6,000 per coin.
November: After a few weeks of stability, Bitcoin began to make progress again in November, as the price rose to a new all-time high of $7,000 per coin. This continued into December, as the price climbed to an impressive $8,000 per coin.
December: The month of December has been a roller coaster for Bitcoin, as the price has fluctuated between $8,000 and $11,000 per coin. However, despite the volatility, Bitcoin ended the year on a high note, as the price surged past $12,000 per coin.
Looking ahead to 2018, it is clear that Bitcoin still has a lot of momentum. With increasing adoption from businesses and investors around the world, it is possible that we could see even more progress from Bitcoin in the months and years to come.
Benefits of Bitcoin
Bitcoin is one of the most secure and irreversible payment methods available today. When a transaction is made, it cannot be reversed, eliminating the chargeback fraud that is so common with other payment methods.
Additionally, there are no third-party fees associated with Bitcoin transactions, making it an extremely cost-effective way to send and receive payments.
Bitcoin is also borderless, meaning that it can be used by anyone, anywhere in the world. This makes it an ideal solution for international payments, as there are no limits or restrictions on who can use it.
Finally, Bitcoin is fast. Transactions are typically confirmed within minutes, and can often be completed in just a few seconds. This makes it perfect for businesses that need to send or receive payments quickly.