Bitcoin supera los $47,000 por primera vez en casi dos años (2024)

FAQs

Why is Bitcoin at 50k? ›

Bitcoin breaks $50,000 for the 1st time in over 2 years due to ETFs, Fed cuts, and the upcoming halving.

WASHINGTON/LONDON, Feb 12 (Reuters) - Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month's regulatory nod for U.S. exchange-traded funds designed to track its price.

The spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity beat the previous record for a fund reaching $10 billion in assets under management in a fraction of the amount of time it took the previous record-holder, as noted by Bloomberg's senior ETF analyst Eric Balchunas on the social media platform X.

A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.

With bitcoin hitting new highs, it'll likely reach the US$100,000 milestone before 2024 is out.

If you had invested $1,000 into bitcoin five years ago, the investment would have grown by 1,352% and be worth around $14,524 as of Feb. 14. If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.

Bitcoin's Price History

Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

But it made its real move in the final quarter of 2020. It shattered its all-time high by breaching $15,000 in November 2020, moving above $20,000 in December 2020, and ending the year at around $29,000 with a market cap of more than $539 billion.

Bitcoin Market Cap: There is a limited supply of bitcoins that can ever exist, with a total cap of 21 million. Currently, over 19 million bitcoins have been mined and are in circulation, leaving approximately 1.5 million left to be mined.

A Bitcoin valuation model based on the stock-to-flow ratio of monetary gold suggests that the cryptocurrency's price could increase 67% by 2030. Another valuation model suggests that the cryptocurrency's price could increase between 470% and 1,970% by 2030.

What will bitcoin be worth in 2040? ›

Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.

10 Years of Decentralizing the Future

Jack Dorsey believes the price of bitcoin could reach over $1 million by the end of 2030. His outlook aligns with that of other industry leaders, such as Cathie Wood, who predicted that bitcoin could go as high as $1.5 million by that time.

The takeaway is that investors should look at the long-term potential of Bitcoin and not its short-term price to make their decision to buy or sell it. If you think Bitcoin will be more widely used 10 years from now, Bitcoin is a no-brainer buy at $50,000. That doesn't mean you need to jump in with both feet.

Why Is Bitcoin So Precious? Like any asset or thing of value, the price people are willing to pay for bitcoins is a socially agreed-upon level based on supply and demand. As long as Bitcoin is highly valued by some, it will maintain its demand.

What's fueling the rally? Cryptocurrency watchers say bitcoin is soaring in part because demand is rising on so-called spot bitcoin exchange traded funds. The ETFs, which allow investors to dabble in crypto in a less riskier way than ever before, has attracted a huge influx of cash this year, experts said.

10 Years of Decentralizing the Future

Peter Brandt, an analyst with over four decades of experience tracking markets, expects the ongoing bitcoin (BTC) bull market to peak at $200,000, a significant upward revision from the initial estimate of $120,000.