New Bitcoins are created (minted) as a reward to the miner that mined the valid block, with the reward currently sitting at 12.5 Bitcoins per block. This block reward is halved every 210,000 blocks (roughly 4 years) until it reaches zero. This block reward serves as an economic incentive for the miners to continue securing the Bitcoin network.
Bitcoin reaches and exceeds parity with the US dollar, hitting a value of around $31 per bitcoin in June 2011 before crashing to less than 10% of that value, where it remains for much of the following year. 2013: Bitcoin rises to $1000 per BTC before crashing to $300, leading to widespread speculation that the currency had collapsed permanently ...
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The price continues to flounder. Meanwhile, tech giant Microsoft begins accepting BTC as payment. 2015 – 2016: Bitcoin’s price recovers to $770 in June 2016, ending rumors of the currency being dead – for a while. 2017: Bitcoin gains more mainstream awareness, and increased demand leads to a massive price spike from under $1,000 to around ...