What is Bitcoin's limited supply and how does it affect price?

Bitcoin's supply is capped at 21 million coins, a fixed limit that acts as a key support factor for its price.

What are the historical Bitcoin price cycles?

Bitcoin has shown a repeating trend in four-year cycles, with the fourth year typically bringing strong returns.

How was Bitcoin used in its early days?

In 2010, the first recorded transaction involved buying two pizzas for 10,000 bitcoins, showing its initial limited utility.

Home / Business and Economy / Bitcoin's Price Rollercoaster: From Pizza to $100K Peaks

Bitcoin's Price Rollercoaster: From Pizza to $100K Peaks

28 Nov

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Summary

Bitcoin's supply is capped at 21 million coins, a core price support.
Four-year cycles historically show strong Bitcoin returns.
Early Bitcoin transactions included buying two pizzas for 10,000 BTC.

Bitcoin's Price Rollercoaster: From Pizza to $100K Peaks

Launched in 2009 with the mining of the Genesis block, Bitcoin's price history is a narrative of investor interest, supply constraints, and market reactions. Its protocol design limits the total supply to 21 million coins, a fundamental factor supporting its value over time.

Bitcoin's price has followed distinct four-year cycles, often culminating in significant gains in the fourth year. Early transactions, such as purchasing two pizzas for 10,000 BTC in 2010, highlight its humble beginnings. Volatility has been a consistent trait throughout these cycles.

More recently, Bitcoin has traded within significant ranges, influenced by macroeconomic trends, Federal Reserve policies, and regulatory advancements. Mining difficulty adjustments, competition, and halving events also play crucial roles in its dynamic price movements.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.