Content adapted from this Zerohedge.com article : [Source](http://www.zerohedge.com/news/2017-11-27/visualizing-journey-10000-bitcoin "Permalink to Visualizing The Journey To $10,000 Bitcoin")

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It has been a breakthrough year for the world's original cryptocurrency. **At time of publication, the bitcoin price is at $9,650 – about 10X higher than how the cryptocurrency started the year.** Further, [as Visual Capitalist's Jeff Desjardins notes][1], bitcoins are **now on the brink of passing the important psychological barrier of $10,000**, and it could do so at any moment based on current momentum.

Today's infographic from [Blockchain Intelligence Group][2] helps to visualize the ups and downs of the cryptocurrency on its journey to $10,000.

![][3]

[CLICK FOR LARGER VERSION](https://steemitimages.com/DQmPMLQAmykpFbSDMUmQ9nqryZHAYth4BwsSZYeK6PdX68W/image.png)

_Courtesy of: [Visual Capitalist][4]_

_Note: once the price hits the $10,000 barrier, we'll do a final update on this graphic to make sure that's represented._

## THE JOURNEY TO $10,000 BITCOIN

Here are some of the key events that transpired over the last 11 months:

![][5]

And here is how long it took bitcoins to hit each $1,000 barrier:

![][6]

_Note: These time periods are calculated based on closing prices for the Bitcoin Price Index on [Coindesk][7]._

## THE YEAR OF THE ICO

**While the journey to $10,000 bitcoin is an incredible one, it is part of a wider story as well.**

Initial Coin Offerings (ICOs) for other cryptocurrencies have also boomed, and more than 92% of all funds raised through ICOs happened in this year alone. With this mechanism hitting the mainstream, about $3.8 billion have been raised through ICOs in total.

Further, they've been profitable as well for speculators. A report from Mangrove Capital [last month][8] noted that the average return across 204 ICOs it was tracking was 1,320%.

**Despite being temporarily banned in China and South Korea, ICOs have not been slowing down.** So far in this month (up to Nov 26, 2017), ICOs have already hit new highs with $743.2 million raised, surpassing the earlier record-holding month of September 2017 ($662.9 million).

[1]: http://www.visualcapitalist.com/visualizing-journey-10000-bitcoin/
[2]: https://blockchaingroup.io/
[3]: http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2017/11/10000-bitcoin.jpg
[4]: http://www.visualcapitalist.com
[5]: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/28/20171127_100001_0.jpg
[6]: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/28/20171127_100002_0.jpg
[7]: https://www.coindesk.com/price/
[8]: http://www.businessinsider.com/ico-mangrove-capital-average-returns-crypto-icos-2017-10

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