Since launching in 2009, the Bitcoin price did not cross USD 100 until 2013 and briefly crossed USD 1000 in 2014. After the hack of Mt. Gox in 2014, the largest cryptocurrency exchange at the time, and an attack on the Bitstamp exchange in 2015, the Bitcoin price fell sharply and did not break above its November 2013 high again until March 2017. The BTC price then rose steadily throughout 2017 to reach a first all-time-high (ATH) of USD 19,783.06 on the 17th of December, 2017, followed by the infamous “crypto winter” at the beginning of 2018. The Bitcoin price did not mount a real recovery until mid-2019 when it climbed to a new ATH as more institutional players entered the market.