Bitcoin price after 30 years
- Thread starter juan392327
- Start date
- Dec 21, 2022
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As the very first cryptocurrency, bitcoin (BTC) still has the largest market capitalisation in the crypto market as of 20 December 2022.
Bitcoin has managed to move far beyond being a peer-to-peer version of electronic cash to becoming a store of value and a hedge against inflation.
In 2021, BTC’s value surged from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice.
“Over the long run, bitcoin gets programmatically more scarce... The final 1,000,000 BTC [tokens] won’t all be mined until around 2140 – over 100 years away. This ever-increasing scarcity will be a large driver for the future price of bitcoin, as market participants search for tools to preserve their wealth,” Burnett told Capital.com.
Bitcoin has managed to move far beyond being a peer-to-peer version of electronic cash to becoming a store of value and a hedge against inflation.
In 2021, BTC’s value surged from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice.
“Over the long run, bitcoin gets programmatically more scarce... The final 1,000,000 BTC [tokens] won’t all be mined until around 2140 – over 100 years away. This ever-increasing scarcity will be a large driver for the future price of bitcoin, as market participants search for tools to preserve their wealth,” Burnett told Capital.com.