Bitcoin turns 17 as prices exceed $90,000, highlighting institutional adoption, fixed supply economics, and its expanding role within global financial markets.
Bitcoin marks its 17th anniversary as a mature financial asset with growing global relevance. On January 3, 2026, In major exchanges, Bitcoin trades for more than $90,000. Due to this, its total market capitalization is over $1.8 trillion. Therefore, the milestone serves to accentuate Bitcoin’s transformation from an idea to a worldwide recognized digital money.
From Genesis Block to Global Financial Asset
Bitcoin started on 3rd January 2009 when Satoshi Nakamoto mined the historical genesis block. Importantly, the block referred to a headline in the newspaper about bank bailouts. Therefore, the message was distrust for centralised finance systems in times of crisis. As a result, Bitcoin was initially seen by its early proponents as an alternative monetary structure.
In its early years, Bitcoin maintained little value and little adoption from the public globally. For example, the first record price in late 2009 was near $0.00099. However, wallet and mining software were consistently improved, as well as network reliability, by developers. As a result, core infrastructure evolved in spite of the lack of institutional involvement.
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Between 2010 and 2012, the use of Bitcoin grew among technologists and specialized groups. Notably, the price peaked around $4 in 2011 before correcting very sharply. Meanwhile, the first halving in the year 2012 cut mining rewards drastically. Therefore, the scarcity-driven model of issuance of Bitcoin became important from the investor’s point of view.
Bitcoin entered its first phase of expansion in 2013 with the increase of international interest. Specifically, prices went from roughly $13 to more than $1,100 by November. Consequently, Bitcoin managed to cross a $1 billion market capitalization threshold. However, regulatory pressure and exchange failures set off a long market downturn afterward.
From 2014 until 2016, Bitcoin experienced volatility as the underlying network strengthened steadily. Developers created better security standards after high-profile failures such as Mt. Gox. As a result, trust slowly returned to global markets. Therefore, Bitcoin created a foundation for wider adoption in the future.
Institutional Adoption Reshapes Bitcoin’s Market Role
Bitcoin became mainstream news in 2017, and the price of Bitcoin spiked to nearly $20,000 in a short period of time. Subsequently, a deep correction followed all along 2018 testing investor confidence. However, infrastructure growth and regulating conversation have not stopped.
The institutional phase accelerated following the 2020 halving which further reduced supply of new Bitcoin. As a result, prices sustainably exceeded $20,000 for the first time. Corporations and hedge funds started investing the treasury reserves in Bitcoin. Therefore, Bitcoin became known as an instrument against the risks of inflation.
A critical milestone was reached in January 2024 with the approval of spot Bitcoins exchange traded funds. Notably, ETFs helped to allow regulated exposure for pension funds and asset managers. After this, institutional inflows got a massive boost, according to Bitcoin Magazine. As a result, Bitcoin integrated with the traditional financial markets on a deeper level.
By October 2025, Bitcoin hit an all-time record-high of over $126,000 due to high demand. However, prices later stabilized after profit-taking and macroeconomic adjustments. As of January 3 2026, Bitcoin is trading for over $90,000. Therefore, its value in the market is still greater than $1.8 trillion.
Bitcoin’s cap on the number of tokens to be issued (21 million) is the foundation of the scarcity story surrounding Bitcoin. In addition, the halving scheduled for April 2024 further cut new issuance rates. As a result, analysts are now more often comparing Bitcoin to digital gold. Today, individuals, institutions, and governments have accepted Bitcoin as a strategic global reserve asset.
Source: https://www.livebitcoinnews.com/bitcoin-marks-17-years-since-genesis-block-as-market-value-reaches-1-8-trillion/
