When is 1 Bitcoin worth $1? (How much is 1 Bitcoin worth in USD)

When is 1 Bitcoin worth $1? When is 1 Bitcoin worth $1?

On December 17, 2019, amidst global financial market volatility, people began to consider reinvesting their wealth into digital currencies. The price of Bitcoin dropped from its high point of $10,400 in 2017 to the current high of $11,300, but it quickly recovered and resumed its upward trend.1. US Securities and Exchange Commission (SEC) Chairman: Following a lawsuit filed against the SEC, cryptocurrency assets became mainstream. According to Section 5 and Section 6 of the Investment Company Act, investors need to purchase traditional securities products such as stocks through brokers. In the United States, most investors are unwilling to use exchanges for investments or hold derivatives.2. The Financial Services Agency of Japan recognizes virtual commodities as securities in order to disclose their business value to the public. This law also requires exchanges to accept documents and reports provided by customers. Additionally, due to the lack of regulatory framework restrictions, some companies may choose not to offer such services and treat it as a form of payment. (Jinshi)3. Governor of the Central Bank of Russia: The future of the cryptocurrency market is still in its early stages.

Since the beginning of 2018, governments around the world have taken many measures to control the price of Bitcoin. In 2020, there have been many signs indicating that these trends may have reversed or accelerated. Firstly, China banned Bitcoin mining. In the first quarter of 2018, the “blockchain” industry cluster in China developed rapidly, including national organizations related to Singapore, Australia, and Hong Kong. Secondly, after the end of 2017, the cryptocurrency industry in the United States also experienced significant growth. Bithumb, the largest cryptocurrency exchange in South Korea, was investigated for alleged fraud. But since then, the price of Bitcoin has been declining. In the second half of 2019, despite the continuous decline of BTC/USDT and the large fluctuations in BTC/USDT over the past year, the price of Bitcoin has risen by 22.5%, 125%, 115%, 213%, and 104% from February 25 to the end of September, reaching new highs in 2019.

How much is 1 Bitcoin worth in USD

Editor’s note: This article is from BlockBeats, authorized by Odaily.

In the past 24 hours, 1 Bitcoin has been worth approximately $80,000. Is $1 equal to 100 USD? According to data from BitInfoCharts, if the price of 1 BTC is calculated as 1 cent, there will be around $1,000 worth of cryptocurrency transferred to the market within 10 minutes. The chart shows the price changes of 2 Bitcoins: [Image]

At around 11:50 am on January 13th, the price of 1 BTC rose from $9,150 to over $10,000. This number is similar to historical data before March 14, 2019. At that time, the price of 1 BTC was less than $9,000, which means Bitcoin has depreciated by half, and the current cost of $1 is around $8,000. However, due to Bitcoin’s relatively stable state at the moment and without experiencing a sharp decline like in 2017, the number has only increased to just over $42,000 in early 2019. (Note: “Bitcoin” refers to “Bitcoin”), it is a decentralized, indivisible, and tradable virtual asset that is essentially an open network system used for storing and transmitting information, conducting transactions, and recording electronic records and codes.) However, each token has different uses, such as the payment processor CoinPayment and the cryptocurrency wallet application CoinbasePro, which are owned or used by the users themselves.

However, this decentralized ledger method may pose problems for the blockchain industry because it relies on centralized institutions such as governments and law enforcement agencies. Although the quantity of Bitcoin will decrease, it may also become increasingly scarce over time, slowing down the growth of the industry.

Nevertheless, there may still be some uncertainties, such as recent hacking incidents and economic losses caused by the spread of COVID-19. Additionally, it is estimated that in the first quarter of 2020, there were at least over 2 million active addresses in the United States holding at least 0.1 BTC, generating income of around $200,000 per day.

In addition to the above reasons, a major influence is the application of Bitcoin as an investment tool. Earlier this year, the U.S. Commodity Futures Trading Commission announced that it would allow U.S. investors to purchase Bitcoin and other financial products.