Should You Buy Bitcoin Now? A Historical, Present, and Future Perspective
By Mahendra raj, Updated February 8, 2025
Part 1: The Past – Bitcoin’s Rollercoaster Journey
Bitcoin’s story is one of resilience, volatility, and unprecedented growth. Born in 2009 as an experimental digital currency, it has evolved into a global financial phenomenon. Let’s rewind the clock to understand its roots and the forces that shaped its trajectory.
The Early Days (2009–2015): From Obscurity to Breakthrough
- 2009–2010: Bitcoin had no monetary value initially. The first recorded transaction—10,000 BTC for two pizzas—valued it at roughly $0.003 per coin.
- 2011–2013: Bitcoin surged to $32 in 2011 before crashing to $2. By late 2013, it skyrocketed to $1,163, driven by growing interest and the Mt. Gox exchange handling 70% of global trades.
- 2014–2015: The Mt. Gox hack triggered an 86% crash to $160, but the network survived, proving Bitcoin’s antifragility.
The Halving Era (2016–2020): Cycles of Boom and Bust
Bitcoin’s four-year cycles, tied to its halving events (reducing mining rewards), became apparent:
- 2016 Halving: Prices rose from $600 to $20,000 by 2017, followed by an 84% drop to $3,200 in 2018.
- 2020 Halving: Post-halving, Bitcoin surged 650% to $69,000 in April 2021, fueled by institutional adoption and pandemic-era stimulus.
The 2021–2023 Cycle: Maturation Amid Chaos
2021 Peak: Bitcoin hit $69,000, but 2022 saw a 77% crash to $15,500 due to macroeconomic tightening and crises like FTX’s collapse.
Bitcoin’s history is marked by parabolic rallies, brutal corrections, and a steadfast recovery—a pattern tied to halvings, adoption, and macroeconomic shifts.
Part 2: The Present – Bitcoin in 2025
As of February 2025, Bitcoin trades near $95,000, down from its 2024 high of $109,000 but still up 150% year-over-year.
Institutional Adoption: A Game Changer
- Spot Bitcoin ETFs: Approved in 2024, these funds funneled $35+ billion into BTC, legitimizing it for pensions and retirement accounts.
- Corporate Treasuries: Firms like MicroStrategy now hold billions in Bitcoin, with FASB accounting rules enabling fair-value reporting.
Technical Indicators: Bullish Signals
The SMA 111d and SMA 350d x2 models suggest Bitcoin remains in a bullish phase, targeting $258,000 by December 2025.
Conclusion: Should You Buy Bitcoin Now?
Bitcoin is not for the faint-hearted. Its past teaches us that timing the market is futile, but time in the market rewards those who endure its storms.
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