Bitcoin (BTC) Overview
|All-time high||$20,089.00 USD|
|Exchange Platform||Binance, OKEx, Huobi Global, Coinbase Pro, HitBTC, bitfinex, Kraken, BKEX, Bitstamp, Bitmax, Bitflyer, Kucoin, Coinbene, HBTC, Digifinex, ZB.com, Bithumb, Coineal, Upbit, Lbank, LATOKEN, CoinTiger, Poloniex.|
|Wallet||Bitcoin wallet, Ledger, Trust|
Bitcoin (BTC) Price Prediction: The first-ever distributed ledger project that enables peer-to-peer transactions all over the world without the involvement of any central entity. The project was officially introduced in 2009 by founder Satoshi Nakamoto who is still unknown but as per information he is from Japan and many people claimed to have their identity but real Satoshi never ravel his identity. Satoshi Nakamoto started writing code in 2008 and then he registered a domain name i.e. Bitcoin.org to launch the project on it. The development of the project end in 2010, where users started transactions and mining bitcoin.
Bitcoin was initially launched on SourceForge which was the first-ever version along with mining genesis block. The basic aim behind launching this project is to enable payment between two users without any third party and cut down their commission and save transaction fees.
Bitcoin uses a proof of work mechanism to create new blocks via mining i.e. Bitcoin ecosystem rewards miners with BTC coins for creating new blocks. However, mining was trending in 2017 and 2018 and most users started mining with their graphic cards and computer setup.
Bitcoin (BTC) Price Prediction
|Month & Year||BTC Price Prediction|
Bitcoin (BTC) Price Analysis
Bitcoin is one of the most trustable coins in the Crypto Community. it was founded in the year 2008, and 1st every transaction happened ever in the year 2009. At that time price of 1 BTC was fluctuating around $0.3 USD. But as this cryptocurrency concept was new in the market, people in the finance and investment section took time to understand and accept it. Bitcoin introduced a new concept of decentralized currency, which means no single authority(like national governments) can control the value of BTC, instead, everyone or to be specific every computer in the network will be aware of all transactions happening over all over the world using blockchain technology.
This blockchain technology is being accepted by many International banks as it provides faster and secure transactions across boundaries. This process of acceptance took almost 4 to 5 years after foundation of Bitcoin that is around at the beginning of the year 2013 people started accepting it as a way of money transaction. Till the time price of 1 BTC was surged to around $120 to $130 USD. That was a huge growth from $0.3 USD to $120 USD, if we calculate ROI for those 4 years then it would be 40,000%.
In just period of 1 year between 2013 and 2014 bitcoin rose from $13 USD to $ 750 USD. Later from the beginning of the year 2015, Bitcoin started getting more and more popular. Many people started investing and transacting in the form of BTC. If we have a look at the bitcoin price graph then we can say from Dec 2017 to Feb 2018 this was the “Golden Period” for Bitcoin ever, as of now. In that period only, Bitcoin has touched a benchmark of $20,000 USD.
If we calculate ROI from 1st day of Bitcoin till today(July 2020), then it would be around 3,333,300% as the initial value was lying in between $0.3 USD and right now in the month of July 2020, it is around $10,000 USD. As per few cryptocurrency experts and past performance of Bitcoin, the expected value of 1 BTC in the year 2030 is around $60,000 USD. But this prediction might get failed as no prediction comes with any sort of guarantee, as it is based on some assumptions and speculations.