Analysis of Bitcoin (BTC) from 2012 to 2024 shows an impressive trajectory with significant ups and downs. Here's a summary:
2012-2013: BTC was still in its early stages of adoption, with relatively low prices, but began to gain attention as an alternative form of payment and investment.
2014-2016: Bitcoin faced challenges, including the collapse of Mt. Gox, one of the largest cryptocurrency exchanges at the time. Despite this, blockchain technology continued to develop and the BTC user base grew.
2017: It was a landmark year for Bitcoin, with a meteoric rise in price, reaching almost $20,000 in December. This growth was driven by an increase in public interest and market speculation.
2018-2019: The price of BTC fell sharply after its 2017 peak, a period known as “crypto winter.” However, infrastructure and institutional interest continued to expand.
2020-2021: Bitcoin saw a new bullish wave, setting new price records above $60,000. Adoption by companies and inclusion in investment portfolios contributed to this increase.
2022-2023: The cryptocurrency market has experienced volatility, but Bitcoin has maintained its position as the leading cryptocurrency. Events such as the Bitcoin halving, which occurs approximately every four years, have continued to influence the price.
2024: The year started with mixed expectations. The SEC's approval of Bitcoin ETFs in January 2024 opened BTC to traditional markets, which is a positive sign. However, the price of Bitcoin fell by 10.23% on January 16, 2024, showing that volatility is still a feature of the cryptocurrency market. #bitcoin #etf
Analysts at Steno Research consider that the cryptocurrency could fall further after the event because BTC's positive price movement in the last 12 months is similar to that of the second halving, which demonstrated the same pattern. The CEO of cryptocurrency exchange Crypto.com, Kris Marszalek, has a similar opinion. “As we get closer to the (halving) date, there may be some selling emerging,” he said in an interview with Bloomberg this week. This Thursday morning (18), BTC was down -2.10%, at US$61,589, according to the CoinMarketCap aggregator.
to the team of those who are not optimistic about the halving, here's the news!
and stay tuned, because if sales demand is high and BTC drops, buy! Don't miss the opportunity to make money!
At least three major asset managers in China plan to launch spot bitcoin exchange-traded funds (ETFs) by the end of the year. As the Chinese market is more restricted for investments in cryptocurrencies, the funds should be launched in the Hong Kong market, which has increased its openness to the segment.
Information about the managers' plans was revealed by the Securities Times newspaper, dedicated to covering the financial market in China. According to the publication, the managers Harvest Fund, China Southern Fund and China Asset Management are interested in launching an investment product in the largest cryptocurrency in the world.
Some financial institutions, such as Standard Chartered, predict that bitcoin will reach the US$100,000 level by 2024, but Bitwise appears to be a little more conservative in its outlook. The manager believes that BTC will reach US$80,000, which, in any case, represents a new historical high. The expectation is based on the performance of the cryptocurrency in 2023. While the S&P 500 returned 21% year-to-date and gold, 12%, bitcoin appreciated 128% in the same period analyzed. Furthermore, two factors are expected to boost bitcoin:
1- The launch of a spot bitcoin ETF: scheduled for early 2024, it is speculated to usher in a wave of new capital from institutional and retail investors, causing demand for BTC to increase.
2- The bitcoin halving: in April or May 2024, the supply of new bitcoins produced each year will be reduced by half after the next cryptocurrency halving. In other words, BTC will become scarcer and therefore possibly more expensive.
Memecoins are digital currencies inspired by internet memes. They often gain popularity through social media and online communities, but can be highly volatile and speculative. Examples include Dogecoin and Shiba inu coins, I really think that people have to pay attention to the high demand points of these cryptocurrencies and make money.
Elon Musk has demonstrated significant influence over the price and popularity of Dogecoin through his tweets and public comments. His posts often have an immediate impact on the currency's price movements. After that, this cryptocurrency became a joke! I personally wouldn't put even 1 dollar into this cryptocurrency.
Bitcoin is a digital currency that operates on a decentralized network called blockchain. It's known for its volatility and its potential to revolutionize financial systems. Predicting the future price of Bitcoin is challenging due to its volatility and the many factors that influence its value. It could rise or fall depending on various factors such as market demand, regulatory developments, and technological advancements. what is the deduction in your opinion about the bitcoin halving? whereas in November 2012, July 2016 and May 2020, the cryptocurrency rose 7,956%, 270% and 533%, respectively.