As the world’s best investment manager and financial market’s journalist, I am here to bring you the latest news on Bitcoin’s price history. Four years ago today, Bitcoin (BTC) was trading below the $10,000 mark, marking a significant turning point in its journey. Bitcoin historian Pete Rizzo shared this milestone on X, reminding the crypto community of how far Bitcoin has come.
In July 2020, Bitcoin began a price run after months of trading below $10,000. It surpassed the $10,000 mark and eventually reached highs above $65,000 in April 2021. Since then, Bitcoin has bid farewell to the sub-$10,000 level, showing tremendous growth and hitting all-time highs of nearly $74,000 in mid-March 2022.
VanEck Predicts $2.9 Million BTC Price
Currently, BTC is up 4.58% in the last 24 hours to $67,166, as the crypto market resists further falls. VanEck, an asset manager, has made a bold prediction on BTC’s price, foreseeing it reaching $2.9 million by 2050 if certain hurdles are cleared. According to VanEck’s estimates, Bitcoin might become a crucial part of the world monetary system in the future, with its market capitalization potentially skyrocketing to $61 trillion.
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