As of Nov 1, 2023, the real-time quote of #BTC/USD is 34,476.30
- BTC saw a 27% surge in October 2023, driven by the anticipation of a spot Bitcoin #ETF approval in the US. Some analysts predict that #BTC could hit $40,000 in the next impulse wave.
- However, BTC also faced some sell-off pressure from miners, who offloaded over 2,190 BTC worth about $70 million in three days. This could indicate a short-term correction or consolidation before a further rally.
- In the long term, BTC is expected to reach new highs by 2024 and beyond, according to some bullish forecasts. Bernstein, a leading investment research firm, anticipates BTC to soar 337% to $150,000 by mid-2025, amid a new cycle of adoption and innovation. Other BTC price predictions range from $100,000 to $250,000 by the end of 2023.
- BTC also celebrated its 15th anniversary on Oct 31, 2023, since the publication of its white paper by Satoshi Nakamoto in 2008. The white paper laid out the vision and design of a decentralized peer-to-peer electronic cash system that has revolutionized the world of finance and technology
