How much could bitcoin be worth

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Bitcoin was developed as an antidote to the perceived flaws in the established financial system, which had contributed to the global crisis of 2007-2008. By cutting the supply, the halving event is designed to ensure the scarcity of bitcoin while preventing extreme price inflation. Bitcoin 2024 price prediction Some of the factors cited as potential bullish catalysts by the bank include “turmoil in the banking sector in March this year that helped to “re-establish Bitcoin’s use as a decentralised scarce digital asset,” approval of a Bitcoin Spot ETF and the expected Bitcoin halving event.

How much will bitcoin be worth

The halving itself doesn’t introduce new information or otherwise adjust the issuance rate of new bitcoins other than what’s already been established in Bitcoin’s code. It’s a “known known” and so may well have been factored into the price a while ago. USD TO BTC TODAY The launch of spot bitcoin ETFs in early 2024 significantly improved bitcoin’s fundamental outlook. But the momentum has faded, and the rally has stalled. There is also no clear bullish catalyst to drive prices higher in the near term.

BTC Historical Prices

True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. In addition, it's the only form of money users can theoretically "mine" themselves, if they (and their computers) have the ability. Bitcoin Overview As of December 2023, MicroStrategy owned a total of 189,150 Bitcoins, establishing itself as one of the largest BTC hodlers. The company’s CEO and Bitcoin enthusiast Michael Saylor anticipates that Bitcoin’s price will increase tenfold once responsible custodians begin managing Bitcoin. This shift is already underway, especially with the approval of spot ETFs.

Bitcoin price 2024

You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Bitcoin Price Prediction for August 2024 Bitcoin price prediction for October 2024.In the beginning price at 80951 dollars. High price 94095, while low price 80951. The average for the month $85984. Bitcoin price forecast at the end of the month $87939, change for October 8.6%.