Bitcoin in 10 years

Visit a quote page and your recently viewed tickers will be displayed here. Where will bitcoin be in 10 years Blockchain.com. "Bitcoin BTC: Dec. 1, 2021 to Dec. 31, 2021."

Updated Dec 11, 2023, 4:09 pm EST / Original Dec 11, 2023, 4:01 am EST Kraken CEO Jesse Powell: $1,000,000 BTC in the next 10 years is "very reasonable" When looking at the Periods in the Price Performance table, the 5-Day through 2-Year periods are based on daily data, the 3-Year and 5-Year periods are based on weekly data, and the 10-Year and 20-Year periods are based on monthly data.

Even in ARK’s “bear case” scenario, Bitcoin’s value is expected to rise to a record $258,500 by 2030. In the firm’s “base case” scenario, Bitcoin will grow to be worth $682,800. Rolling Returns That malaise continued into 2022, as rising inflation and a central bank intent on raising rates to thwart it, drove investors from risky assets. Bitcoin bounced around the $40,000 mark for months, but as the Fed started to aggressively raise interest rates in March, it began to sink. In mid-2022, Bitcoin established a new trading range of around $20,000 but then sank to less than $16,000 as high-profile blow-ups such as FTX hurt traders’ confidence.

After Nakamoto rolled out Bitcoin in 2009, he mined about 1.1 million Bitcoins and disappeared in 2010. He ceded the responsibility of development to Gavin Andresen, formerly known as Gavin Bell, who worked to see Bitcoin's decentralized vision realized. This meant that there was no central authority, server, storage or administrator. All the parties were peer-to-peer and the blockchain was distributed to all. The network existed merely to legitimize and confirm the transactions. The price of Bitcoin dropped with the new uncertainty surrounding these actions.  Bitcoin & Traditional Assets CAGR Economists have compared bitcoin’s meteoric rise with past bubbles, such as the tulip mania of the 17th centuryand the dotcom bubble that began in the late 90s with the Nasdaq index in New York and burst in 2000. Both examples foreshadow a painful collapse for a currency that has no intrinsic value to those who hold it beyond that ascribed to it by a community of owners. Should they realise the emperor has no clothes en masse, there could be a rude awakening.