Bitcoin All Time High (ATH)

Since Bitcoin’s inception on January 3, 2009, it’s price has been rollercoastering constantly. This post covers the different all time highs (ATH) Bitcoin reached throughout the years.

Bitcoin All Time High Summary

Bitcoin’s greatest all time high price was on December 18, 2017. The price of Bitcoin on that date reached $19,498.63. There were 16,748,338 Bitcoins in circulation bringing the market cap to $326.569 billion.

Here’s what I’ll cover in this post:

  1. Bitcoin All Time High Charts
  2. Notable All Time Highs
  3. Frequently Asked Questions
  4. Conclusion

1. Bitcoin All Time High Charts

Bitcoin’s price is based on supply and demand. The more people are looking to buy Bitcoin, the higher the price will rise. If the majority of people lose faith in Bitcoin and start selling it, the price will drop.

The first time Bitcoin actually gained value was on October 12, 2009, when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

Since then the price has been rollercoastering, as can be seen in the price chart below.

Scale:

Bitcoin all time high for the last 3 months

$12,011
August 8, 2019
Info taken from bitcoinaverage.com

Bitcoin all time high for the last 6 months

$12,907
June 26, 2019
Info taken from bitcoinaverage.com

Bitcoin all time high for the last year

$12,907
June 26, 2019
Info taken from bitcoinaverage.com

2. Notable All Time Highs

There have been several notable all time highs for Bitcoin throughout its history.

June 26, 2019 – $12,907

On December of 2018 Bitcoin reached a 2 year all time high following a price rally that started from a low of $3,286.5. This rally is attributed to a price correction, combined with greater interest from institutional investors in the currency.

December 18, 2017 – $19,498.63

On this date, Bitcoin reached its all time high of ~$20,000. Due to price discrepancies between Bitcoin exchanges, some believe the ATH was over $20K, while other exchanges show it being a bit under $20K.

This price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Almost all cryptocurrencies saw a major increase in price, and Bitcoin’s dominance of the cryptocurrency market cap dropped to around 33% (in 2019 it rose back to over 65%).

November 29, 2013 – $1,242

This ATH was said to be the result of FOMO (fear of missing out). This is also the first time Bitcoin hit mainstream media, fueling price speculation even more. This is the first time Bitcoin broke the $1,000 mark.

April 9, 2013 – $213

This ATH was the first time Bitcoin broke the $100 mark. This rally is attributed mainly to the bail-in crisis in Cyprus where almost 50% of all Bank of Cyprus depositor funds were taken to help the country’s financial state. It is said that as a result many turned to Bitcoin as a safe haven for their money.


3. Frequently Asked Questions

When is the Next Bitcoin All Time High?

While no one can really predict Bitcoin’s price, some believe that the next Bitcoin halving will bring a shortage in supply of new Bitcoin which will increase demand and therefore drive the price up even higher than before.

What’s Bitcoin All Time High in INR

Bitcoin’s all time high was 1,244,704 INR on December 17, 2017

What’s Bitcoin All Time High in GBP

Bitcoin’s all time high was 14,585.73 GBP on December 17, 2017

What’s Bitcoin All Time High in AUD

Bitcoin’s all time high was 25,400 AUD on December 17, 2017


4. Conclusion

Bitcoin’s all time high scrapped the $20,000 mark from below and is slowly climbing back up ever since. Many believe we are a few steps away from a new all time high due to the upcoming Bitcoin halving, while others continue to proclaim Bitcoin as dead.

What are your thoughts about Bitcoin’s price? When will it reach its next all time high? Let me know in the comment section below.

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