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The emergence of what we now know as digital currencies (or cryptocurrencies) began in 2009#1Bitcoin (BTC)
It is the most popular digital currency and the one with the highest trading volume, with the exception of stablecoins. Despite the strong increase in competition, Bitcoin remains the absolute dominator of the cryptocurrency market according to its market capitalization.
The growth in Bitcoin's value is astonishing, with the average growth in the last six years averaging above 300% and only in 2021 has the digital currency advanced nearly 80%.
Events, such as the acceptance in El Salvador of Bitcoin as a FIAT currency, have increased the spread and recognition of this asset that some call “digital gold.”
In addition, there are many reasons why Bitcoin may grow further in the coming years. For example, approximately 90% of Bitcoins have already been mined, so, if demand continues to grow and the increase in supply decreases, what will happen to Bitcoin? Will it be one of the 10 best cryptocurrencies to invest in 2024?
Bitcoin price
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Source: TradingView - Bitcoin price against the US dollar
Bitcoin performance over the past five years:
2021 = 63.12%
2020 = 302.28%
2019 = 94.01%
2018 = -73.22%
2017 = 1337.66%
You can take a look at our article “Trade BTC/USD like a Pro”.
