Many people will think there have only been 2 bull runs for Bitcoin but there actually have been 5.
Bull runs are rises in price for an asset. The definition of these bull runs can be very different from person to person or technical analysis. For this analysis it’ll just consider big jumps where any crash afterwards doesn’t bring the price lower than the last high.
We are living in the 5th bull run right now (at the time of writing this article). The current bull run started in December 2020. Some could argue that this bull run actually ended May of 2021. Only time will tell actually.
The bull runs for Bitcoin were in May 2010, February 2011, Nov 2013, March 2017, and the one we are in now.
The Bull Runs
May 2010 brought BTC value from nearly nothing (less than $0.0001 USD) to $0.01.
February 2011 brought BTC to $1.00. [approximately a 10,000x jump]
April 2013 BTC to $141.96. [approximately 142x jump]
November 2013 BTC to $1127.45 (some will consider this and April 2013’s run as one long run…. similiar to how 2021’s bull run might be extended too) [approximately a 8x jump]
December 2017 BTC $19,423 [approximately a 17x jump]
April 2021 BTC to $63,576 [approximately a 3x jump… currently… if the bulls continue to run… what will the multiplier be? regardless it’s happiness for those that invest]
October 2021 BTC to $66,237
A tweet by President Nayib Bukele showed that they have mined approximately 0.01083155 BTC at 11:51PM September 30th, 2021. At today’s value at October 1st, 6:53PM PST, the value of that yield has jumped up to $516.86 from it’s initial value of approximately $269.
Harnessing geothermal energy is not a new science, but in El Salvador, the technology is being tested and slowly implemented. The country is rife with volcanoes, with 20 in total and 5 still active in the small country. There is so much volcanoes in fact, that a visitor or tourist would be able to see a volcano from any point while standing in the country.
Geothermal energy supplied by volcanoes provides approximately a quarter of the power generation capacity in El Salvador, making this country a lucrative target of bitcoins mined with green energy, which would catch the controversial Elon Musk’s eye and maybe sway his mind on his opinion of cryptocurrency mined with energy coming from pollutive coal-fired power plants in China.
This provides a great investment opportunity for crypto-enthusiasts as it incentivizes further expansion into the technology.
Stay tuned for more optimistic news from El Salvador.
What is the Crypto Scope Initiative (CSI)?
Not to be confused with the popular TV Series and Spinoffs, the Crypto Scope Initiative is a Non-Profit Organization based in the United States, dedicated to using the power of cryptocurrency and decentralized finance to build up the economy and infrastructure of El Salvador. Specifically within the Utilities, Telecommunications, and Industrial Sector.
Donations are welcome, and a bitcoin address will be added soon once we recruit and employ a treasurer.
Who we are looking for
We are currently looking for
- Content authors
- Public relations officers
- Government contributors, such as grants and easements
- SOC Analysts / IT Personnel
- Market Research Analysts
- Crypto-focused investors
- Wealth-fund managers
- Civil/Mechanical/Electrical Engineers
- Financial Contributions
Please contact us by leaving behind a comment and a short introduction on what role you would like to be. Our agents will contact you by email to determine your fit within our organization and present you with a job description.