BTC to CAD
Current BTC to CAD rate:
Above, we display the current price of bitcoin to Canadian dollars, typically referred to as the BTC to CAD price or the BTC to CAD rate of exchange.
The BTC to CAD price states the value of 1 bitcoin in CAD. The price of bitcoins fluctuate every second. Although the BTC price is not as volatile as it was in its early years, it is still very volatile compared to other assets.
On this page, we will answer some of the common questions about the price of bitcoin:
What was the highest price of bitcoin?
Bitcoin's price reached its all-time high (ATH) on December 15, 2017, when the price of one bitcoin was approximatively $24,759.19 CAD.
What was the lowest price of bitcoin?
There's no clear answer. When the Bitcoin blockchain was launched in January 2009, bitcoins did not have any clear dollar value as only a small group of early adopters exchanged it between them. Arguably, the first time a dollar amount was put on bitcoins occured in March 2010, where one bitcoin is said to have been worth about $0.003 CAD.
What determines the price of bitcoin? Why does the price of bitcoin change?
How much time do you have? The very short answer is basic economic principles such as:
- Supply and demand of bitcoins;
- Network effect (who and how many uses Bitcoin);
- Cost of mining bitcoins;
- Rewards for mining bitcoins;
- Development of Bitcoin;
- Geopolitic situation;
- Laws and regulations;
We will expand on the question of what determines the value of bitcoins in the future on this page. Stay tuned.