The digital currency Bitcoin was bitcoin price june 2013 in 2009. Bitcoin and the many other digital currencies are primarily online currencies.

Enter the terms you wish to search for. What’s the use of economics? The cryptocurrency Bitcoin has attracted widespread interest, in large part due to wild swings in its valuation. This column considers an earlier rise in the Bitcoin price to investigate what is driving the currency’s price spikes. The 2013 rise was caused by fraudulent trades taking place at the largest Bitcoin currency exchange at the time.

This finding has implications for policymakers as they weigh what, if anything, to do about regulating cryptocurrencies in light of the record high Bitcoin valuation that many fear is a bubble. Bitcoin has experienced a meteoric rise in popularity since its introduction. While digital currencies were proposed as early as the 1980s, Bitcoin was the first to catch on. 45 billion in June 2017.