Author: Revc, Golden Finance

Bitcoin price broke through in early trading in the Asian market on Thursday (5th) The $100,000 mark is once again a new all-time high. Bitcoin is currently quoted at $102,280.99, with an increase of 6.1% within 24 hours, and a cumulative increase of more than 7.7% in the past seven days.

Top 10 Bitcoin Boom Moments: Price, Rise and Key Drivers

Since 2009 Since its birth, the price of Bitcoin has experienced many significant surges. These fluctuations are deeply driven by the global economy, changes, and market sentiment. The following are ten landmark events and their driving factors before 2024:

1. Creation Phase (2009-2010)

- Price change: $0 → $0.08

- Influencing factors: The Bitcoin genesis block was released, and the pizza incident gave it its first real purchasing power, attracting the attention of the geek community.

2. The first round of surge (2011)

- Price change: $0.30 → $31

- Increase: over 10,000%

- Influencing factors: Early black market platform Silk With the rise of Road, the first crypto exchanges (such as Mt. Gox) opened up market liquidity.

3. The second round of surge (April 2013)

- Price changes: $13 → $266

- Increase: over 1,900%

- Influencing factors: The Cyprus financial crisis caused Bitcoin to be regarded as a safe-haven asset, and mainstream media paid attention to it for the first time.

4. The third round of surge (2End of 2013)

- Price change: $100 → $1,200

- Increase: 1,100% < /p>

- Influencing factors: Investors poured in, Mt. Gox transactions surged, and merchants (such as Overstock) began to accept Bitcoin payments.

5. Recovery period surge (2016)

- Price change: $400 → $1,000

- Influencing factors: The second block reward is halved, blockchain technology enters mainstream discussion, and capital flows boost demand.

6. 2017 ICO Bull Market

- Price change: $1,000 → $20,000

- Increase: 1,900%

- Influencing factors: Initial Coin Offering (ICO) craze, the launch of futures products and the introduction of institutional investors.

7. Post-epidemic super bull market (2020-2021)

- Price changes: $3,800 → $64,000

- Increase: 1,580%

- Influencing factors: The epidemic stimulated quantitative easing, purchases by institutions such as MicroStrategy, and PayPal opened encrypted payment functions.

8. NFT and DeFi boom (2021)

- Price change: $30,000 → $69,000

- Influencing factors: The outbreak of decentralized finance (DeFi), NFTNew financial flows were introduced to the market, and El Salvador adopted Bitcoin as legal tender.

9. Hedging demand for the Russia-Ukraine war (2022)

- Price changes: $33,000 → $45,000

- Increase: 36%

- Contributing factors: Ukraine used Bitcoin to raise funds during the war, as investors sought censorship-resistant payment tools.

10. Institutional Bull Market Expectations (2023)

- Price change: $16,000 → $40,000

- Increase: 150%

- Influencing factors: BlackRock spot ETF application, Federal Reserve A shift in market optimism.

How global events drive Bitcoin prices

1. Financial crisis and currency

- 2008 Subprime crisis: The birth of Bitcoin is closely related to the crisis of the financial system. The decentralized system designed by Satoshi Nakamoto provides a solution to the fragility of traditional currencies.

- Quantitative Easing in 2020: The epidemic triggered central banks around the world to print a large amount of money, and investors sought digital gold as a hedging tool, driving Bitcoin to skyrocket.

2. Geographical conflict

- Russia-Ukraine War: Bitcoin is used for emergency funds Raising and hedging payments, demonstrating its censorship resistance.

- Middle East conflict: Bitcoin rises alongside gold amid uncertainty, Strengthen its hedging properties.

3. and regulatory changes

- El SalvadorListing Bitcoin as legal tender: This bold experiment pushed Bitcoin to the level of , triggering discussions for other countries to follow suit.

4. Institutional intervention

- ETFs and financial products: the acquisition of U.S. Bitcoin ETFs The batch attracted more institutional funds, further improving market liquidity and stability.

Can Bitcoin absorb value stably amid chaos and crisis?

1. The dual effects of chaos and crisis

- Positive effect: Every global crisis strengthens Bitcoin Its hedging properties attract more investors and pay attention to its potential value.

- Negative effects: Volatility and uncertainty still limit its application as a mainstream currency.

2. The impact of the 2026 midterm elections and the 2028 general election

- Legislative priorities: The composition of Congress after 2026 will directly affect the regulatory environment for cryptocurrencies. A Congress with pro-cryptocurrency lawmakers could push for clearer regulations to promote innovation while protecting investors, whereas the crypto industry would be constrained by Democrats’ strong regulatory advocacy.

- Crypto PACs: Action committees (PACs) like Fairshake have shown significant influence by spending more than $133 million in the 2024 elections and may Pressure will continue for favorable cryptocurrency legislation.

- Crypto voters: The demographics of crypto enthusiasts, especially younger voters, could influence election outcomes. Their interest in supporting crypto-friendly candidates could make crypto a more important election issue.

- Volatility: Election results often lead to market volatility. Any signs of a shift toward a more crypto-friendly Congress could lead to a bullish move, while a regulatory or skeptical stance could lead to a bearish trend.

- The United States as Cryptocurrency Hub: The 2028 election may further define the United States’ role in the global cryptocurrency economy. Pro-Cryptocurrency May Aim to Make U.S. a Leader in Cryptocurrency Innovation, Attracting Investment and Talent.

- Inflation and Money: The candidate's economics, especially regarding inflation and Monetary, may indirectly affect the value of Bitcoin, as it is often viewed as an inflation hedge. Candidates promoting fiscal conservatism could make Bitcoin less attractive.

- Balancing Bill: The election is likely to discuss the balance between promoting technological innovation in blockchain and cryptocurrencies while enforcing consumer protection and financial stability regulations.

The 2026 midterm elections and the 2028 presidential election will determine the future of cryptocurrency in the United States through regulation, support, and public and institutional sentiment guidance. However, the cryptocurrency market’s resilience to cycles and its global nature means that while the US election will have an impact, the market’s reaction will also depend on broader global economic conditions and technological advancements in the industry itself.

3. Bitcoin’s long-term positioning

- Digital gold: gradually becoming a hedge against inflation and core tool for risk.

- Potential of sovereign currencies: More developing countries may follow El Salvador’s example and incorporate Bitcoin into the legal tender system.

Summary

Bitcoin's several surges are not only a reflection of market sentiment, but are also closely related to global events such as financial crises, changes, technological innovations, and geopolitics. From the subprime mortgage crisis that gave rise to its birth, to the super bull market driven by quantitative easing during the epidemic, every historic surge has laid the foundation for Bitcoin's future positioning. In the future, in the face of chaos and crisis, whether Bitcoin can absorb uncertainty more effectively and consolidate its "digital gold" status will depend on its encryption industry progress, global regulatory adaptability, and maturity as a hedging tool. Especially at important nodes such as the 2026 midterm elections and the 2028 presidential election, Bitcoin may usher in a new turning point and become an important part of the global financial system.