Bitcoin continued to build a pace, albeit for a couple of shady reasons, and with the advent of large-scale bitcoin exchanges such as Mt. Gox, the price began to rapidly increase. The first wave of price increases hit $219 on 10th April 2013, which rapidly fell off. However, continued media coverage, general instability, and then massive increases in price drove bitcoin to a peak of $1145 (similar to the price of an ounce of gold), which then dropped and rebounded to $730 by the end of the year. The first ASIC miners hit the market during 2013, although it would be the following year before they took off massively.
About The Author
On the blockchain since 2012, Dublin based Jamie is Editor of BitcoinsInIreland.com which was set up in 2013 to write about the local bitcoin scene and has evolved into what it is today. He is also owner of Bitcoin Marketing Team, one of Ireland's longest established blockchain companies and one of Europe's leading Crypto Marketing Agencies which has worked on over 30 projects including 10+ token sales which collectively raised $110m+ in 2017 & 2018.