Over the past decade, the price of Bitcoin (BTC) has seen several notable fluctuations in the run-up to Christmas. Here are some of the significant price points on December 25th of each year:
2014: $318
2015: $430
2016: $900
2017: $14,302
2018: $4,021
2019: $7,266
2020: $23,760
2021: $50,888
2022: $16,849
2023: $43,254
These numbers show that Bitcoin has experienced strong up-and-down cycles over the past decade. In particular, after each halving event (the halving of the block reward), the price of Bitcoin often tends to rise significantly over the next 12 to 18 months. The next halving event will occur in 2024, which is expected to positively impact the price of Bitcoin in the near future.
Currently, the price of Bitcoin is around $95,194.
Some experts predict that the price of Bitcoin will reach $100,000 again by Christmas 2024, based on strong institutional interest and the momentum gained from the approval of a Bitcoin exchange-traded fund.
