Bitcoin enters its thirteenth year amid conflicting expectations about its fate

Bitcoin enters its thirteenth year amid conflicting expectations about its fate

Bitcoin, the world's most popular cryptocurrency, celebrates this week its thirteenth year of entering the cryptocurrency market.

This cryptocurrency was invented in 2007 by the mysterious Satoshi Nakamoto, who in 2008 presented a research paper detailing methods for using a peer-to-peer network to create what has been described as a decentralized electronic transaction system, subject to no authority.

In January 2009, the Bitcoin network came into being, while the trading market for this cryptocurrency was created in February 2010 and the first real transaction with this currency was on the Bitcoin Forum when a programmer paid 10,000 Bitcoin for a pizza. The price of a pizza at the time was about $25 USD.

In January 2009, the Bitcoin network came into being, while the trading market for this cryptocurrency was established in February 2010 and the first real transaction in that currency was on the Bitcoin Forum when a programmer paid 10,000 Bitcoin for a pizza. Whereas, the price of a pizza at that time was about 25 US dollars.

At first, Bitcoin did not get people's attention, many of them were hesitant about dealing with this virtual currency.

Over the past years, the bitcoin currency has witnessed many fluctuations in the exchange rate, and it began to attract the attention of many people, especially investors, as the exchange rate of that currency began to rise little by little until it reached in the last half of last year nearly 64 thousand dollars.

Some experts expected that the exchange rates for this cryptocurrency would witness record levels during the coming period, while others expected that it would witness a sharp decline in the coming months.