Bitcoin was invented by an unknown person, maybe a group of people under the name Satoshi Nakamoto. It was released by Nakamoto as open-source software in 2009.

Millions of people today are already taking serious business with Bitcoin or also known as BTC, is a worldwide cryptocurrency. A digital payment system consider to be the first decentralized digital currency made. The system works with no central repository or any administrator.

Bitcoin is an open-source that design is public, nobody controls or even owns Bitcoin which means everybody has allowed to have access.

This article is about Bitcoin growth analysis from its release in public on 2009 to the current growth data of 2017. This article is made to analyze the Bitcoin growth every year based on the highest peak of Bitcoin price on the a specific year.

### Bar graph prices and value history of Bitcoin from 2009-2017 in USD
![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1511366575/ieihl0x1knd101mgobkf.png)

![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1511366702/wcjyqnckydmqjo3gxt1h.png)

![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1511366790/szelca2aj5tjiupez6dt.png)

![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1511366888/e9xsofht4vhuwbifielf.png)

Specifically, from January 2009, Bitcoin has no Value until March 2010 which has a 0.003 USD equivalent of 1 BTC.

### 1 BTC to USD value every year on its highest peak
Year | 1 BTC to USD
------------ | -------------
2009 |  0
2010 | 0.08
2011 | 31
2012 | 266
2013 | 1242
2014 | 1000
2015 | 504
2016 | 780
2017 | 7600
*[Data Source](https://en.wikipedia.org/wiki/History_of_bitcoin)*

### Analysis
**2009:** The value of Bitcoin is basically none.

**2010:** Bitcoin value increase to 0.08 USD which is also basically none.

**2011:** From 2009, the value of Bitcoin increases to 31 USD which means that  there are already investor and business owner accepted Bitcoin as there payment.

**2012:** From 2011, the Bitcoin value in USD increases to 88 percent. 

**2013:** While from 2012, the Bitcoin value increases to 79 percent.

**2014:** The Bitcoin value decreases by 24 percent in 2014 from 2013 equivalent value.

**2015:** Unfortunately, the Bitcoin value continue to decline by 2015 of almost 50 percent.

**2016:** But in 2016,  the Bitcoin value increases again by 35 percent.

**2017:** From 2016, the Bitcoin value increases to almost 90 percent which is the highest peak BTC value from 2009.


*Note: The calculation of Bitcoin value increase is based on economics formula which is amount increase divided by the original amount.*

### Conclusion
Based on the Bitcoin value on 2017, the Bitcoin is really growing very fast which means the Bitcoin becoming very more popular nowadays and awaken many investor around the world. The Bitcoin value increases because there is too much demand on it in the public which means also that many people are taking now a serious business with Bitcoin.

That's all for now for Bitcoin growth analysis.

<br /><hr/><em>Posted on <a href="https://utopian.io/utopian-io/@philiparniebinag/bitcoin-value-growth-analysis-from-2009-2017">Utopian.io -  Rewarding Open Source Contributors</a></em><hr/>