After early "proof-of-concept" transactions, the bitcoin all time chart first major users of bitcoin were black markets, such as the dark web Silk Road. During its 30 months of existence, beginning in February 2011, Silk Road exclusively accepted bitcoins as payment, transacting ₿9.9 million, worth about $214 million.: 222 The Bitcoin price today is $43,034 USD with a 24 hour trading volume of $9.44B USD. Bitcoin (BTC) is up 0.92% in the last 24 hours. This is the ranking of a coin based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned. This means bitcoin never experiences inflation. Unlike US dollars, whose buying power the Fed can dilute by printing more greenbacks, there simply won't be more bitcoin available in the future. That has worried some skeptics, as it means a hack could be catastrophic in wiping out people's bitcoin wallets, with less hope for reimbursement. Which could render bitcoin price irrelevant.