The investor’s eyes are constantly on Bitcoin as it hits the highest price with an all-time high of $22,400. According to the report, the analyzer reports December 17 as the highest price Bitcoin has ever made.
There is no chance of slowing down the price surges rally that we have already mentioned in our bitcoin price prediction article.
On Wednesday, Bitcoin has broken the record for the first time. The popular coin jumped 5%, to about $20,550—most of the investors counting this digital coin as a potential source of income for the future.
Moreover, it is mandatory to note that the new high took bitcoin’s market capitalization to $384 billion.
Undoubtedly, the market is the best suit to invest more in this period. Most crypto exchanges sites stated that this is the very first time the coin has hit the recorded benchmark.
Bitcoin will definitely show the investment world a new light. According to the Bitcoin Charting,
BTC has made 19%, and over the past 30, it has added 32%. Since the beginning of this year, a whopping 220%.
At the same time, Cointelegraph reported that the founder and CEO of Compound Capital Advisors Charlie Bilello stated
A Bitcoin investment made in 2011 had delivered returns of 6,271,233%. Nothing has matched it since then, and the next best bet, the Nasdaq, offers a paltry 512%.
According to the new measure of Bitcoin dominance, the market share is showing around $410 billion. All selected investors are commenting on various sources about the Bitcoin price surges news and the future prediction.
MicroStrategy Chairman and CEO, Michael Saylor commented,
Bitcoin is the world’s best treasury reserve asset & the emerging dominant monetary network. It is the solution to the store of value problem faced by every individual, corporation, & government on earth.
Another popular Bitcoin trader and analyst, The Moon replied in the post of Michael Saylor “$30,000 by January”.
We all know clearly that everyone is trying to make enough money. No matter which path they are following, the goal is to put the coin into their purse.
Less effort and higher returns are not a dream anymore. However, it would be best if you walked into the right trail to generate higher returns.
We are here with a chart that will show the number difference between World’s best companies vs Bitcoin. Surprisingly, the popular digital coin blows away other big financial shots.
For 100 dollars invested 10 years ago. Source: Howmuch.net.
According to the chart, the Amazon stock is in the highest position. Only 3 other companies generate returns above $1,000, including Apple ($2.4K), Visa ($1.7K) and Microsoft ($1K).
This is the estimation if one has invested $100, they will get the percentage that they showed here. So, Bitcoin shows a 9,150,088% returns for $100 invested 10 years ago.
What will be the bitcoin’ next move?
Different analysis teams have different thoughts and prediction for Bitcoin. It could touch the moon if it follows the same rally.
Chart guru Willy Woo posted an update of Bitcoin’s Top Cap Trajectory stated that;
$100k is a ridiculously low target at the currency trajectory.
At the same time, The Willy Woo tweeted by giving a congrats post,
We are not at the all-time-high juncture where the BTC Top Cap Model starts curving upwards. Let’s see how high she runs in 2021.
Macro analyst Alex Krueger argued that
The more time $BTC spends below 20K and the lower the funding and futures basis as price approaches 20K, the stronger the upwards break once it comes. It will come.
So, it clearly shows that Bitcoin is going to hit or set another all-time high record sooner or later. It is the lovely cause of why people are more interested to select crypto as their number one investment asset.
This post was last modified on October 25, 2022 3:32 pm