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The rise and fall and rise again of Bitcoin


Published on 2024-12-14 15:20:50 - MSN
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  • Now his re-election has sent the volatile price of Bitcoin sky-high. These days, he's known as 37244-510. Not quite as catchy as SBF, the three-letter acronym mentioned in hushed tones back when he was revered as the richest man in the crypto sphere.

The article from MSN discusses the volatile history of Bitcoin, detailing its dramatic rise, fall, and subsequent resurgence. Initially launched in 2009, Bitcoin saw a significant surge in value and popularity around 2017, reaching nearly $20,000 before plummeting to around $3,200 by the end of 2018 due to regulatory crackdowns, security issues, and market speculation. Despite this crash, Bitcoin has made a remarkable recovery, with its value climbing back to over $60,000 in 2021, driven by increased institutional interest, adoption by companies like Tesla, and a broader acceptance as a legitimate investment and store of value. The article highlights how Bitcoin's journey reflects broader trends in cryptocurrency, including regulatory challenges, technological advancements, and shifts in investor sentiment, illustrating its resilience and the growing mainstream acceptance of digital currencies.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/general/the-rise-and-fall-and-rise-again-of-bitcoin/ar-AA1vRH25 ]