Bitcoin started with a value of less than a fraction of a penny but saw its rise a year later as adoption increased. It has the largest market dominance and is considered a hedge against inflation.
However, the recent crypto winter has made many questions its status as an inflation-hedge asset. BTC is down 26% in the last 30 days and 70% from ATH.
Today's Bitcoin price is $19,790.50 USD with a 24-hour trading volume of $24,503,300,642. Bitcoin is down 3.18% in the last 24 hours. The current CoinMarketCap ranking is still #1. BTC coins and a max. supply of 21,000,000 BTC coins. Given the significant price fall, many investors are worried about whether BTC could reclaim $60k.
There are varying views on the future price of Bitcoin. Many speculate that BTC will continue to decrease, while others think otherwise.
The renowned author of Rich Dad Poor Dad, Robert Kiyosaki, believes that BTC will reach $1,100. Dan Roseman from Coinality.com has criticized how Bitcoin works and holds a similar bearish prediction for BTC.
However, institutions like JPMorgan and Bloomberg predict that BTC will cross $100k in future years. Ian Balina, the founder of Token Metrics, says that Bitcoin can cross $100k and will even touch $150k
Experts are divided about whether BTC will improve or lose value in the upcoming months. However, the majority agree that the price is more likely to rebound.
BTC is expected to trade at a minimum price of $36,819 in December 2022. The price might increase to $52,185 in 2025 and possibly $143,755 in 2030. speculators for both extreme ends of the price fluctuations between $20k and $1 million exist, but the actual value will lie somewhere. Ultimately, many intriguing trends are evolving as we watch, and they are far more interesting to observe than the Bitcoin price.