Where is Bitcoin Today and Where it will be in the Next 10 Years?
Can Bitcoin make another 295,999,900% in the next 10 years?
Who would have imagined in 2011 that Bitcoin would reach the highs of $20,000 near the end of 2017? Bitcoin wasn't as wildly popular as it is today and in 2011, 10,000 bitcoins were required to purchase a pizza. What would be the value of those 10,000 bitcoins today? Any guesses? Those bitcoins would have been valued at upwards of $90 million.Â
The Ups & Downs
The rise of Bitcoin was anything but predictable since it's launch on the 3rd of January, 2009. Bitcoin was created to bring a financial revolution in the world by giving them a digital currency that cannot be controlled by governments around the world. Today, Bitcoin has deviated from its path and has lost its image of being a useful medium of exchange. It has become far more popular for its dramatic rise and fall now. Many experts around the world have compared Bitcoin to the Dutch tulip mania of 1637, which ended with a great loss for many investors. Bitcoin's price rose by 1000% on some days and just before Christmas 2017, it reached a price of almost $20,000. However, it couldn't maintain its momentum and lost more than 80% of its value in January 2019. At the time of writing, one Bitcoin is priced at $9159.Â
Did Bitcoin Change the World After a Decade of its Existence?
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