Although Bitcoin has existed for quite some time, its current surge to unprecedented highs is remarkable.
Since its inception in 2009, Bitcoin has weathered various fluctuations in its value over the past 15 years.
However, as of the beginning of 2024, Bitcoin's value has skyrocketed, reaching $60,000 for the first time since November 2021.
On Wednesday (February 28)), the price of one bitcoin soared to $60,650 following several consecutive days of significant increases.
Remarkably, this current value is approaching the all-time high of $67,707 recorded on November 9, 2021.
Reflecting on that time, the world was still grappling with the pandemic, leading many individuals to turn to cryptocurrency amidst the monotony of lockdowns.
Following a slump in late 2022, Bitcoin has experienced a notable resurgence in recent months, partially attributed to the introduction of new financial products in the US, such as exchange-traded funds (ETFs), allowing individuals to monitor Bitcoin's value without direct ownership.
Currently trading at around $59,270 in US currency, Bitcoin is only a few thousand dollars shy of its all-time high.
However, amidst the excitement surrounding Bitcoin's surge, it's worth noting that the supply of new Bitcoins entering the market is set to decrease permanently by 50 percent starting from April.
According to Simon Peters, a crypto analyst at financial services company eToro, the recent price surge may be attributed to a slowdown in Bitcoin purchases by spot ETFs compared to previous weeks.
Meanwhile, a story surfaces about a man who accidentally discarded a hard drive containing 8,000 Bitcoins back in 2013, now turning to AI in hopes of recovering his lost fortune.
James Howells from Newport, Wales, has spent the last decade in pursuit of locating his lost hard drive, resorting to AI technology for assistance.
