Bitcoin’s rise from an obscure digital asset to a global financial instrument is again in focus this St. Patrick’s Day. On March 17, 2012, Bitcoin traded near $5. Thirteen years later, it has reached roughly $75,000. 

This is a massive expansion driven by increasing demand and a fixed supply model.

Bitcoin’s early years were defined by sharp price swings and thin liquidity. In 2013, the asset surged from under $50 to more than $600 before retracing below $300 by 2015. 

These cycles repeated over time, with each rally followed by a correction.

In 2017, Bitcoin crossed $1,000 and later accelerated higher before entering another downturn. By 2021, it had climbed past…

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