U.Today – Four years ago today, (BTC) was last seen trading below $10,000, marking a significant turning point in its price history. Bitcoin historian Pete Rizzo posted the milestone as a curiosity on X, reminding the cryptocurrency community just how far Bitcoin has come.
In July 2020, after months of trading below $10,000, Bitcoin began a price rally that would later define its history. Bitcoin broke through the $10,000 mark and later reached highs above $65,000 in the following months – specifically in April 2021.
Bitcoin then bid farewell to the sub-$10,000 level, a threshold it has not returned to since. Reflecting on this, Rizzo tweeted, “4 years ago today, you had your last chance to buy Bitcoin below $10,000.”
Since then, Bitcoin has experienced a massive surge, saying goodbye to the sub-$10,000 level, a price point that today seems like a distant memory.
From consecutive highs of nearly $65,000 in April 2021, through the declines that followed, then highs above $69,000 in November 2021, the bear market in 2022, and now all-time highs of nearly $74,000 in mid-March, Bitcoin’s history has been nothing compact of fascinating.
More Coming Soon? VanEck Predicts BTC Price at $2.9 Million
At the time of writing, BTC is up 4.58% in the past 24 hours to $67,166 as the cryptocurrency market fended off further declines on Thursday evening. While Bitcoin faces uncertainty in the very near term, asset manager VanEck has made a bold assessment of BTC’s price in a 26-year forecast.
VanEck, a Bitcoin spot and ETF issuer, predicts that the price of BTC could reach $2.9 million by 2050 if certain significant hurdles can be overcome.
Bitcoin could become a significant part of the global monetary system in the coming decades, according to estimates from VanEck in a report published Wednesday.
If events unfold as VanEck predicts, bitcoin’s price could boost nearly 44-fold, gaining 16% annually from its current price of over $67,000, and its market capitalization could skyrocket to $61 trillion.
