Computer History Notes - Herong's Tutorial Notes - v3.14, by Herong Yang
Bitcoin Market Price Value
This section describes the market price value of Bitcoin.
Like any other currency, the price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile.
Today, in May 2024, Bitcoin is valued about $465,000.00. Below is the history of Bitcoin price in US dollars:
Table of Contents
►2009 - Bitcoin Cryptocurrency Invented by Satoshi Nakamoto
2002 - .NET Framework Developed by Microsoft
1995 - PHP: Hypertext Preprocessor Created by Rasmus Lerdorf
1995 - Java Language Developed by Sun Microsystems
1991 - Python Language Designed by Guido van Rossum
1991 - WWW (World Wide Web) Developed by Tim Berners-Lee
1991 - Gopher Protocol Created by a University of Minnesota Team
1984 - X Window System Developed a MIT Team
1984 - Macintosh Developed by Apple Inc.
1983 - "Sendmail" Mail Transfer Agent Developed by Eric Allman
1979 - The Tcsh (TENEX C Shell) Developed by Ken Greer
1978 - Bash (Bourne-Again Shell) Developed by Brian Fox
1978 - The C Shell Developed by Bill Joy
1977 - The Bourne Shell Developed by Stephen Bourne
1977 - Apple II Designed by Steve Jobs and Steve Wozniak
1976 - vi Text Editor Developed by Bill Joy
1974 - Internet by Vinton Cerf
1972 - C Language Developed by Dennis Ritchie
1971 - FTP Protocol Created by Abhay Bhushan
1970 - UNIX Operating System Developed by AT&T Bell Labs