When was Bitcoin's first boom?

This surge in price attracted a lot of attention to Bitcoin and the cryptocurrency market. Many investors and speculators began to take a closer look at Bitcoin, seeing it as a potential investment opportunity.

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Bitcoin's initial surge in popularity faced significant hurdles. One notable event was the collapse of the Mt. Gox crypto exchange in 2014. This exchange was the largest of its time and its failure caused widespread skepticism about the cryptocurrency market.

Following the Mt. Gox collapse, there was a period of selloffs and uncertainty surrounding Bitcoin. Many investors lost faith in the digital currency, leading to a decline in its value.

Despite the skepticism and market turmoil, Bitcoin began to show signs of recovery. In 2017, the cryptocurrency experienced its first major boom. For the first time, Bitcoin's price surpassed the $19,000 mark.