Bitcoin to Canadian Dollar Exchange Rate

Live Rate

= $ 9348.1654

Refreshing in: 60s | Sat, Dec 14, 06:52PM GMT

  • Buy and sell crypto
  • Multiple payment methods
  • Deposit fiat currencies

Historical Rate chart of BTC and CAD

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Updated: 14 Dec 2019 18:52:08 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

In 2010, Bitcoin was worth a piddly eight cents but over time it’s accumulated value and each coin is now worth thousands. While a few lucky souls managed to cash in on Bitcoin when it was first introduced, it’s much more expensive to purchase bitcoins now (around $8,491 as of 19 August 2018). Not only is bitcoin a fairly volatile currency, but it’s tough to predict what bitcoin will do from one day to the next. Keep reading to find out more about the history of bitcoin and join us as we speculate on where it might be headed in the future.

What to consider before buying bitcoin

Bitcoin is a notoriously volatile currency, so it can swing from one extreme to another without warning. For example, Bitcoin surged up to $19,000 in December of 2017, but now hovers around $8,500, losing and gaining thousands of dollars each year. For this reason, many experts have developed an understanding about how the cryptocurrency is bought and sold, and which factors affect the price. Two of the most important factors are the number of bitcoins that will be created as well as bitcoin’s market share in the world of cryptocurrency.

  1. Number of bitcoins. There will only ever be around 21 million bitcoins created in the world, so there is a finite supply of the currency. This drives supply and demand, which in turn impacts the fluctuating cost of bitcoin. The last bitcoin is due to be mined around the year 2140. Many bitcoin proponents speculate that its limited supply will drive demand in the long run but critics counter that the cap on bitcoin will have a deleterious effect on the currency.
  2. Share of market value. Bitcoin is only one cryptocurrency among hundreds, which means that it may be superceded by another currency that better suits the needs of clients at some point. This could spell bad news for bitcoin, which would lose value in a saturated market.

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Compare cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies
Ledger Nano X Wallet
Ledger Nano X Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Atomic Wallet
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, XMR, DGB, QTUM, XLM, ZEC, XRP, BCH, ETC, DASH, AWC, BTG, DOGE, TPAY, VET, VTHO, DCR, and 280+ more
Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
TREZOR One Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
TREZOR Model T Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Abra Cryptocurrency App
Abra Cryptocurrency App
Mobile
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
Corazon Wallet
Corazon Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
Designed by GRAY, the Corazon is a luxury Trezor Model T hardware wallet with an aerospace-grade titanium finish.
CoolWallet S Wallet
CoolWallet S Wallet
Hardware
Mobile
BTC, ETC, XRP, LTC, BCH, ICX, ERC20 Tokens
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
Sugi Wallet
Sugi Wallet
Hardware
Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
Guarda Wallet
Guarda Wallet
Desktop Client
Mobile
Web
AYA, BTCB, BNB, BTC, BCH, BTG, BSV, BTH, CLO, ADA, ATOM, DASH, DCR, DGB, DOGE, EOS, ERC20, ELA, ETH, ETC, EXP, GRS, NLG, ZEN, KIN, KMD, LSK, LTC, XMR, XEM, NEO, ONT, QTUM, RDD, XRP, XLM, TRX, USDT, XTZ, UBQ, VET, XVG, VTC, WAVES, YEC, XZC, ZEC, JOYS, ROPSTEN

Compare up to 4 providers

Where to buy, sell and exchange cryptocurrency

Bitbuy Digital Currency Exchange

Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.

At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.

  • Competitive rates
  • Fund your account with Canadian dollars
  • Quick CAD withdrawals
  • Express Interac e-Transfer two-hour funding
  • Choose from several payment options
  • High deposit limits through bank wire
  • Pre-purchase transaction pricing calculator
Promoted

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bitbuy Digital Currency Exchange
Cryptocurrency
Express Interac e-Transfer
Interac e-Transfer
Wire transfer
CAD
BTC, BCH, ETH, LTC, XRP, XLM
Get a $20 bonus when you buy or sell at least CAD$100 in digital currency. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.
Coinberry Cryptocurrency Exchange
Bank transfer
Credit card
Cryptocurrency
Debit card
Interac e-Transfer
SWIFT
Wire transfer
CAD
BTC, ETH, LTC, XRP, BCH
Buy cryptocurrency with CAD on this beginner-friendly Canadian exchange through credit card, wire transfer and several other payment options.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD, CHF
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR & 15+ more
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Coinsquare Digital Currency Exchange
Bank transfer
Credit card
Flexepin
Interac e-Transfer
Bank transfer (SEPA)
Wire transfer
Wealth Gold Wire
Wealth Platinum Wire
Wealth Diamond Wire
CAD, USD, EUR, GBP, CHF
BTC, BCH, BSV, DASH, DOGE, ETH, ETC, LTC, XRP, XLM
Get a $20 bonus when you deposit CAD$100 or more. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
NDAX Cryptocurrency Exchange
Cryptocurrency
Debit card
Interac e-Transfer
Bank transfer (SEPA)
Wire transfer
CAD
BTC, BCH, ETH, LTC, XRP, EOS, ADA, XLM
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Binance Cryptocurrency Exchange
Cryptocurrency
-
BTC, XRP, BCH, ETH, NEB, XVG, TRX, NEBL, ETH, NEO & 140+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: US-based users have been restricted from Binance since June 2019.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
BC Bitcoin Cryptocurrency Broker
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Quebex Canadian Bitcoin Exchange
Bank transfer
Cryptocurrency
Interac e-Transfer
Interac Online
PayPal
CAD
BTC, ETH, LTC
Quebex.com is a Canadian Cryptocurrency exchange platform which provides a secure and easy way for traders of all levels to buy and sell digital assets online instantly.
Coinmama Cryptocurrency Marketplace
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Coinbase Digital Currency Exchange
Credit card
Debit card
PayPal
USD, EUR, GBP
BTC, ETH, XRP, BCH, EOS, LTC, XLM, ETC, ZEC, ZRX & 5+ more
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
MyBTC.ca Cryptocurrency Exchange
Flexepin
Interac e-Transfer
Wire transfer
Instant debit
CAD
BTC
A cryptocurrency platform where Canadians can simply use their CAD to buy BTC through a variety of deposit methods.
CEX.IO Cryptocurrency Exchange
Bank transfer (ACH)
Credit card
Bank transfer (SEPA)
Faster Payments Service
AUD, USD, EUR, RUB, GBP, DZD, AOA, SGD, KRW, CAD & 120+ more
BTC, BTG, BCH, LTC, DASH, ETH, XRP, ZEC & 3+ more
Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
CoinSwitch Cryptocurrency Exchange
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL & 580+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Changelly Crypto-to-Crypto Exchange
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Terrexa Crypto Marketplace
Credit card
Wire transfer
USD, EUR
BTC, ETH
A global exchange where users buy and sell cryptocurrency in exchange for USD or EUR.
Bitfinex Professional Trading Exchange
Cryptocurrency
Bank Wire
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO & 140+ more
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX & 1400 + more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, XMR, DAG, ETH, XRP, EOS, LTC, TRX, NEO, ONT & 100+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Wire transfer
GBP bank transfers
USD, EUR, PLN, GBP
BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 20+ more
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
CoinCorner Bitcoin Exchange
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Paxful P2P Cryptocurrency Marketplace
Cash
Credit card
Cryptocurrency
PayPal
Western Union
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, MIOTA, TRX, NEO, DASH, XMR, XEM, VET, ETC, ICX, QTUM, OMG, & 70+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
Bibox Cryptocurrency Exchange
Cryptocurrency
EUR, GBP
BIX, ETH, BTM, BTC, LBA, FSN, HPB, BOT, BTO, SXUT & 15+ more
Trade crypto to crypto with a choice of over 60 currencies on this global exchange based in China.
ezBtc Cryptocurrency Exchange
ezBtc Cryptocurrency Exchange
Cash
Cheque
Cryptocurrency
Electronic Funds Transfer
Interac e-Transfer
Wire transfer
CAD
BTC, BCH, BTG, BTS, CVC, DASH, ARDR, DCR, DGB, EMC2, ETC, ETH, FCT, GAME, GNT, LSK, & 19+ more
This Canadian exchange offers a wide range of payment options for buying and selling bitcoin at competitive rates.
Indacoin Cryptocurrency Exchange
Indacoin Cryptocurrency Exchange
Credit card
Debit card
USD, EUR, RUB
BTC, BTG, BURST, BYC, CANN, CFI, CLAM, CLOAK, CLUB, COVAL, CPC, CRB, CRW, CURE, CVC, DASH, DCR, DCT, DGB, DMD, DNT, DOGE, OMG & 140+ more
Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
OKEx Cryptocurrency Exchange
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT & 130+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Huobi Cryptocurrency Exchange
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, & 78+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, ETH, XRP, BCH, LTC, EOS, BSV, XLM, TRX, XMR & 90+ more
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Coinbase Pro
Coinbase Pro
Bank transfer (ACH)
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP
BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC & 10+ more
Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bitstamp Cryptocurrency Exchange
Bitstamp Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Wire transfer
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bittrex Digital Currency Exchange
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG & 220+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Poloniex Digital Asset Exchange
Poloniex Digital Asset Exchange
Credit card
Cryptocurrency
Bank Wire
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB & 40+ more
Trade various coins through a global crypto to crypto exchange based in the US.
Gemini Cryptocurrency Exchange
Gemini Cryptocurrency Exchange
Cryptocurrency
Wire transfer
Bank transfer (USA only)
USD
BTC, ETH, BCH, LTC, ZEC
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
xCoins P2P Bitcoin Lending
xCoins P2P Bitcoin Lending
Bank transfer
Credit card
Debit card
eCheck
PayPal
USD
BTC
Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
Bitit Cryptocurrency Marketplace
Bitit Cryptocurrency Marketplace
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
ShapeShift Cryptocurrency Exchange
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, GAME & 29+ more
Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Cancoin P2P Crypto Exchange
Cancoin P2P Crypto Exchange
Cash
Flexepin
PayPal
SWIFT
Western Union
CAD, USD
BTC, ETH
Buy and sell bitcoin with privacy on this multi-signature, peer-to-peer exchange that supports a wide range of payment options.
Ethfinex Cryptocurrency Exchange
Ethfinex Cryptocurrency Exchange
Cryptocurrency
USD
OMG, TRX, ZRX, SAN, ATMI, AID, BAT, SNT, FUN, & 20+ more
With a focus on tokens linked to the Ethereum network, Ethfinex is an exchange listing several ERC-20 compatible tokens and is owned by the team behind Bitfinex.
Gate.io Cryptocurrency Exchange
Gate.io Cryptocurrency Exchange
Cryptocurrency
-
BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more
IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-
EOS, RFR, CS, AUC, BEE, BANCA, CNN, EOSDAC, FSN, NBAI, TRAC, VET, XBP & 60+ more
A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-
ETH, BTC, EOS, XRP, LTC, GOT, SRCOIN, ABYSS, CONI, ORME, PAL, VME, ZIPT, CTXC, PCH ,CNN, & 53 more

Compare up to 4 providers

Market rate for common transfer amounts BTC to CAD

Bitcoin (BTC) Canadian Dollars (CAD)
฿1 0
฿100 0
฿500 0
฿1000 0
฿1500 0
฿2500 0
฿5000 0

Bitcoin is volatile

As mentioned above, the value of bitcoin fluctuates from one extreme to the other and is affected by many factors which include:

  • Government regulation. Although bitcoin is a decentralized currency, it’s still affected by government regulation. For example, when the Chinese government barred financial entities from processing bitcoin transactions in late 2013, the price of bitcoin dropped hundreds of dollars within a few days.
  • Media. The price of bitcoin tends to fluctuate in line with major world news and important bitcoin-related events, like security breaches. However, many people speculate that the media don’t necessarily affect the price one way or another; instead, the media simply put bitcoin in the spotlight and stimulate trading.
  • Major buyers. Large organizations and speculators have a significant effect on the price of bitcoin, and some experts estimate that of bitcoin’s approximately US$160 billion market, a majority of coins might be owned by relatively few organizations and individuals.

Why is bitcoin’s currency code sometimes BTC and sometimes XBT?

Since bitcoin is a decentralized currency, the standards that dictate how to refer to it are still forming. XBT is the official designation while BTC is the more commonly used currency code. Bitcoin was coined BTC when it was created in 2009, but after some time was designated as “XBT” by the International Standards Organization (ISO).

Little known fact: If a currency is not associated with a specific country or government, its three-letter note starts with an “X.” Despite it’s renaming, the XBT code has yet to gain traction among the general public, and most people still use BTC to differentiate the currency.


A short history of bitcoin prices

The very first bitcoin transaction was logged on 12 January 2009, and was sent from the creator of bitcoin (Satoshi Nakamoto) to a developer named Hal Finney. Bitcoins take a mind-boggling amount of energy to produce, which is why they’re very difficult to replicate. In 2009, an online publication speculated that the bitcoin exchange rate was 1 USD = 1,309.03 BTC — a calculation based on the cost of electricity required to create one bitcoin. Keep reading for more bitcoin history, which we have compiled using figures from CoinDesk’s price index.

Note: Unless otherwise stated, all prices in this article refer to BTC:USD exchange rates.

2011: A false start

StartPeakEnd
$0.30$29.60$6.33

Early in 2011, one bitcoin reached the value of one US dollar. A few months later, the price of bitcoin shot past the $10 mark. In June of 2011, a prominent bitcoin firm (Mt. Gox) was hacked, causing customers to lose more than 4,000 BTC. Bitcoin’s value hovered around $30 for several days and then began a slow descent to around $4 by the end of the year.

2012: Back in the saddle

StartPeakEnd
$4.99$13.70$13.40

Bitcoin experienced a recovery in 2012, climbing back up into the double digits and peaking at around half the value of the previous year. Coinbase was founded in June of 2012, and has become one the largest bitcoin trading platforms to date. In November, the publishing giant WordPress began accepting bitcoin as payment.

2013: A hop, skip and a jump

StartPeakEnd
$13.30$1,147.25$757.50

In February 2013, bitcoin surpassed its previous all-time high and then far exceeded it, moving beyond $30 to $200 and then to over $1,000. Chinese investment in bitcoin pushed the price of the cryptocurrency through the roof and bitcoin transactions were overwhelming trading platforms all over the world. In December, bitcoin took a hit after the theft of 96,000 BTC from Sheep Marketplace and China’s nationwide ban on processing bitcoin transactions.

2014: A cold winter

StartPeakEnd
$770.44$951.39$319.70

Bitcoin’s price euphoria came to an abrupt end after the events that transpired in late 2013, and the value of the much-sought-after cryptocurrency came tumbling back down to earth. While Mt. Gox shut its doors, other big players like Microsoft and PayPal-owned Braintree started accepting bitcoin as payment, signaling another shift in value.

2015: Steady as she goes

StartPeakEnd
$313.92$465.50$430.05

In late January, Coinbase launched its mega-bitcoin trading platform, while Mt. Gox’s CEO Mark Karpeles was arrested. Bitcoin hovered steady around the $400 mark toward the end of the year.

2016: Back in form

StartPeakEnd
$434.46$978.01$968.23

The marketplace software OpenBazaar was released over the summer, operating as a peer-to-peer platform for users to buy goods with bitcoin. Bitcoin’s price increased steadily throughout the year, reaching nearly $1,000 for the first time since it’s sharp decline in 2013.

2017: Blasting into the stratosphere

StartPeak to dateEnd
$770.44~US$20,000~US$20,000

At the beginning of 2017, bitcoin reached $1,100 and then promptly plummeted below $800 a week later. The currency would repeat this pattern throughout the year, hitting multiple all-time highs and then dipping down unexpectedly, much to the chagrin of traders. The currency broke US$5,000 a few months into the year, and then nearly doubled to over CAD$12,000 a few months after that. The cryptocurrency’s price largely continued its upward trajectory, topping out at $19,783.21 on Dec. 17.

2017: A wild year

StartPeak to dateEnd
$770.44Approximately US$20,000TBD

While it remains to be seen, which direction bitcoin will take as we move through 2018, it is likely that the price will continue to fluctuate and the currency will likely continue to be driven by supply and demand, leaving scores of big winners and big losers along the way.


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