The evolution of Bitcoin has been extremely interesting. In its early days, its value was so low I remember that it was very easy to obtain in large quantities and that it was also used as a prize in small championships and raffles in the tech world. Today, its value is so high that it is an investment within the reach of only a few.

One of the most curious anecdotes that this cryptocurrency left us was undoubtedly that of the engineer Lazlo Hanyecz, who at the time paid 10,000 bitcoins for two pizzas. Today that amount would be worth 1,029 million dollarsa dizzying number that is a result of the huge rise that Bitcoin has experienced.

Right at the time of writing, Bitcoin crossed the $100,000 per unit mark and had value $102,904.54which translates to 97,695.84 euros. If we look at the history of the last five years, we realize that its growth has been spectacular, as it fell below 5,000 euros in March 2020 and It has multiplied its value by almost 20 in just four years.

The growth prospects around Bitcoin are currently very good, but in this situation one cannot help but wonder where the line is and whether we will eventually see another recession with a big impact. As you might imagine, this is something that cannot be predicted with certainty, but there are certain keys that make it possible help us get an idea of what is to come.

The fact that figures like Vladimir Putin have said that “no one can stop Bitcoin” or that countries like El Salvador have invested large amounts of money in it is a clear reflection of its future. Of course we will see fluctuations and changes in its valueboth negative and positive, but its future is guaranteed and its growth will be constant.

Why has the value of Bitcoin skyrocketed?

The truth is that many factors come together and to understand them you need to know how it has worked over the years. In its early days, it was a cryptocurrency very easy mining that hardly generated any interestbecause it could not be used as a payment method and became little more than a technological curiosity.

As the years went by, he received more and more support. This caused its value to increase and was increasingly difficult to obtain. This difficulty reached its peak when it was no longer possible to mine with graphics cards and it was necessary to use specialized equipment, the price of which was and still is very high.

Bitcoin’s potential as a private and secure currency a favorable position of some governments They contributed to the fact that its value continued to grow. It also got the approval of more companies and more and more high net worth investors looking at it, creating a growing demand in a scenario where it was already very difficult to get hold of.

This scenario is the one that remains in our days but it was boosted by the growing interest in the said cryptocurrency from giants like Microsoft, the large investments of some countries in Bitcoin and the proposals of new regulations that are favorable to the use of this cryptocurrency.