Bitcoin Current Price on October 28th
Fortune
1h ago
Ai Focus
At 7 a.m. Beijing time today, the price of Bitcoin was $81,359.62, up $1,603.25 from yesterday and about $31,556 higher than the same period last year. The article introduces the basic concepts of Bitcoin, its price history, influencing factors, as well as methods of purchasing and investing in it.
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At 7 a.m. Beijing time today, the price of 1 Bitcoin ( BTC ) was 81,359.62 US dollars, up 1,603.25 US dollars from yesterday morning, and also about 31,556 US dollars higher than the same period last year.

What is Bitcoin?

Bitcoin is the world's first cryptocurrency and remains the most closely watched digital currency in the market today. Its market value is approximately 1.33 trillion US dollars, far exceeding that of Ethereum, the second-largest cryptocurrency, which has a market value of about 233 billion US dollars.

Simply put, Bitcoin is a decentralized digital currency. It does not rely on governments, banks, or any central institutions; instead, it operates on a peer-to-peer network. This structure allows users to transfer value directly to each other without the need for intermediaries.

Many people value Bitcoin because it may help to hedge against U.S. dollar inflation or serve as a way to diversify investments. Over the past decade, Bitcoin has seen astonishing gains, often outperforming major stock indices, which also makes it quite attractive to some investors.

On the other hand, like other cryptocurrencies, Bitcoin experiences volatile prices, with sudden and significant fluctuations occurring frequently.

Bitcoin Price History

Since the emergence of Bitcoin in 2009, its price trend has been very dramatic. In the early days, developers and early advocates Laszlo Hanyecz once bought pizza with 10,000 Bitcoins; at today's prices, these 10,000 Bitcoins would be worth over $668 million.

Over the past decade or so, the price of Bitcoin has risen by more than 15,000%. This astonishing increase has been accompanied by significant fluctuations, as digital currencies are inherently unpredictable. There was a period when Bitcoin's value dropped by tens of thousands of dollars in just a few months; however, there were also times when it soared just as sharply. By the end of 2025, its price was about 30% lower than its historical high set a few months prior.

What affects the price of Bitcoin?

The price of Bitcoin is influenced by a variety of factors, such as:

  • Investors speculating:Similar to many other speculative assets, the price of Bitcoin often reflects investor sentiment and market enthusiasm. Short-term pricing is usually driven more by traders' expectations and speculative activities than by long-term fundamentals.
  • Large companies adopt:As large corporations integrate cryptocurrencies and begin accepting Bitcoin payments, it may open up more room for growth. For example, after Tesla and Ferrari announced that they would accept Bitcoin for some transactions, the price of Bitcoin rose.
  • Economic Situation:Although Bitcoin does not fluctuate in tandem with inflation data or Federal Reserve policies like some traditional assets, it tends to perform better when the U.S. economy is strong. When consumers feel more financially secure, they may be more willing to venture into high-risk assets such as cryptocurrencies.
  • Regulatory Changes:Since cryptocurrencies are still a relatively new category of assets, regulatory authorities are still in the process of formulating rules. New laws, restrictions, or guidelines could disrupt investor sentiment and affect the price of Bitcoin.

How to buy and invest in Bitcoin

There are various ways to invest in Bitcoin, and the following are some of the most common methods.

Buy Bitcoin at cryptocurrency exchanges

Directly purchasing Bitcoin is one of the most popular investment methods. You can open an account with a cryptocurrency exchange, link it to your bank account, and then buy Bitcoin with cash.

Invest in Bitcoin ETF

If you don't want to manage your crypto assets yourself, you can also choose to focus on Bitcoin with ETF. Bitcoin ETF holds Bitcoin for investors, and its shares are traded on traditional stock exchanges. This way, you don't need to set up a wallet separately, nor do you have to worry about losing access to your assets due to password or wallet issues.

Purchase stocks related to cryptocurrencies

Another way is to invest in companies related to the crypto ecosystem. These companies can be technology firms, listed crypto exchanges, or payment processors. Since these companies may hold or use Bitcoin in their operations, owning their stocks allows for an indirect investment in Bitcoin.

Open Bitcoin IRA

For retired investors, Bitcoin IRA provides a way to include cryptocurrencies in tax-advantaged accounts. These accounts are similar to traditional IRA or Roth IRA in terms of tax handling and payment limits, but they allow you to allocate funds to alternative assets such as Bitcoin and other cryptocurrencies.

Bitcoin and other cryptocurrencies

Although Bitcoin is the most widely watched cryptocurrency, you can also consider several other options. When evaluating investment directions, you may also want to pay attention to the following assets:

  • Ethereum:Ethereum is second in scale only to Bitcoin. Unlike Bitcoin, its primary use is not as a digital currency; it was initially designed as a decentralized platform for developers to run applications and smart contracts.
  • Tether Coin:Tether belongs to the category of stablecoins, designed to track the value of another asset. Tether is pegged to the US dollar, which helps to reduce its price volatility compared to Bitcoin, but it also limits its growth potential.
  • XRP:XRP focuses on international remittances, aiming to transfer funds across borders quickly at lower costs.

Encrypted report on Fortune

If you want to stay informed about the continuous changes in the field of cryptography, you can check the recent reports on this topic:

  • How the OpenAI model exposed a vulnerability in 70% of websites on the Internet
  • Raffles Family Office is creating wealth management institutions for Asian stablecoin billionaires
  • Venture capital giant Andreessen Horowitz removes the term “crypto” from the name of its blockchain fund

Is now a good time to invest in Bitcoin?

Compared to companies with a long history such as Walmart and Coca-Cola, Bitcoin is still a relatively new innovation, so it is difficult to predict its long-term trend with certainty. However, its recent performance has been quite impressive. As more businesses agree to accept Bitcoin as a form of payment, its price may continue to rise, and over time, the price fluctuations may become less severe.

However, when investing in Bitcoin, one should be as cautious as with any other investment. Do not invest money that you will need soon, and make sure your overall investment portfolio is well-diversified so that other assets can act as a buffer during significant fluctuations in Bitcoin's value.

For many investors, Bitcoin is more suitable for long-term, high-risk holding rather than short-term betting; it may not be suitable for those who cannot afford significant declines. If you are prepared to tolerate volatility and regard Bitcoin as part of a broader investment portfolio, then it might be a reasonable choice to allocate some of your funds to it.

Frequently Asked Questions

How much will Bitcoin be worth by 2030?

The answer is clearly uncertain, but cryptocurrency experts are generally optimistic about the short-term prospects of Bitcoin. Some models predict that its price will exceed $700,000 by 2030, while more conservative estimates are close to $300,000.

What is the highest historical price of Bitcoin?

As of the time of writing this article, Bitcoin reached a record high on October 6, 2025, reaching $126,198.07.

Can I buy individual bitcoins?

Sure. Most cryptocurrency exchanges support fractional investing, which means you can buy a portion of various cryptocurrencies. With fractional investing, you can start investing in Bitcoin with just a few dollars.

How can beginners start investing in Bitcoin?

If you want to directly hold Bitcoin, you usually need to open an account with a cryptocurrency exchange first. After setting up the account, you can transfer funds from your bank to your cryptocurrency account and place orders to buy Bitcoin as well as other tokens or currencies. You can also indirectly invest in Bitcoin through ETF or companies that use Bitcoin.

What can be bought with Bitcoin?

You can use Bitcoin holdings in various ways, from exchanging it for cash to converting it into other cryptocurrencies. In some cases, you can also use it to make payments for purchases, such as with Tesla and Microsoft.

Will Bitcoin outperform the stock market?

Since its inception, Bitcoin's performance has indeed far surpassed that of the stock market. However, its extreme volatility means that it cannot be guaranteed to be more suitable for investment than stocks.

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