Every Major Bitcoin Bull Run Explained

Bitcoin has had an impressive history in terms of bull runs. Ever since the coin first entered the market, there have been long-term believers in the project. These HODLers have experienced these ups and downs in stride. Each new all-time high symbolized to these users the growing impact of this revolutionary technology.

In January 2009, Bitcoin was only known to a select few in the cyberpunk and development communities. Today, it’s grown to become an international phenomenon. During these early days, Bitcoin first started to gain momentum in these circles. These early gains were fueled by basic developments such as the introduction of Bitcoin exchanges.

Compared to the prices of today’s market, these early bull runs may seem insignificant. However, they are what set the stage for today’s current pricing. They also helped temper the community to become what it is today.

Large Scale Adoption on the Horizon

One important factor to consider when reviewing these bull runs is the state of mind of the average Bitcoin investor. Since day one, there have been Bitcoin believers that felt that at any moment, the coin would burst into the market as a viable alternative to the current centralized system.

The power of hindsight makes it easy to see that these early investors were optimistic in their assumptions that the project would take flight immediately. Instead, the growth of Bitcoin has been a long and sometimes treacherous journey. However, like every good hero story, Bitcoin always comes out on top.

The Importance of Understanding Bitcoin’s Past

As an educated investor, you must take a moment to examine these past successes and their driving causes. While the market continues to develop, traders can always gain valuable insight by looking at the coin’s previous performances. This approach removes emotion from the equation and helps you to base your investment decision on facts. Here are the top Bitcoin bull runs to date.

2011

In 2011, Bitcoin experienced its first major bull run. Bitcoin consisted of a very different group of users back then. These early adopters were way ahead of the curve. These currency pioneers helped to drive the price of Bitcoin from $0.30 up to $35.00 by the end of the year. This 11,000% increase helped to demonstrate Bitcoin’s endless potential to the masses.

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