Bitcoin is the first cryptocurrency of the world and one of the most popular and successful crypto or digital currencies of the Era. It was launched on 31 October 2008.
It was founded by Satoshi Nakamoto, who created the concept of cryptocurrency. (Satoshi Nakamoto was the one who also gave the concept of blockchain in 2008 and developed it also). It has been the most trusted and safe currency because of the blockchain system, which makes the transaction and significant concerns easy and secure.
Bitcoin has become one of the highest invested and profitable currencies. Today one Bitcoin value is $16,171.
The value of Bitcoin has dramatically increased in the past few years, and many philosophers have predicted that its value will increase in the future, also.
Many business people like Elon Musk, the CEO of Tesla, have invested in Bitcoin and are expected to earn the price of investment thrice.
Bitcoin price history
When Bitcoin was launched, its price value was only $0.003in 2009 .
Within one year, its value increased and became $0.5 in 2010. Then in 2011, its price increased dramatically and became $10 in 2012.
In 2014 people started getting attracted towards Bitcoin and its value became $310. With the better and more advanced concept and version of the blockchain, it became one of the safest investments in the market.
From 2015 the value of bitcoin kept increasing by reaching the value of $360.
In 2016 its value reached $1000 in the market, and within a year, it increased almost ten times its value of 2016 by getting a deal of $19000.
Due to the economic crisis and problems, the value of Bitcoin has remained low for two years. In 2018 bitcoin’s value decreased and became $ 3809 in 2018, its value increased four times in 2018 and reached $12065 in 2019, but it was lower than the value of 2017.
Due to Covid-19, the world was shaken up and down, but during that time, the world realized that cryptocurrency is the future currency of the world.
With this, the Bitcoin value increased tremendously and reached an unbelievable price of $ 28000 higher than ever in 2020.
People started investing more and more in Bitcoin in 2020 and 2021, due to which its value far increased in the year 2021 by reaching the value of $ 35000 .
From 1 Jan to March 31, 2022, the value of Bitcoin reached $ 45000.
Due to the FTC’s bankruptcy, the Bitcoin value has dropped, and today, its value is $16,000.
Bitcoin price prediction (2023-2060)
With the start of the new year 2023, the Bitcoin value is believed to increase and reach the value up to $ 20000 by the first week of Jan.
| Predicted Year | Minimum Value | Average Value | Maximum Value |
| 2023 | $17, 000 | $26, 100 | $32, 000 |
| 2024 | $40, 000 | $52, 000 | $60, 000 |
| 2025 | $65, 000 | $73, 000 | $80, 000 |
| 2030 | $150, 000 | $162, 000 | $175, 000 |
| 2032-2035 | $180, 000 | $200, 000 | $300, 000 |
| 2040 | $443, 000 | $443, 000 | $500, 000 |
| 2050 | $556, 000 | $650, 000 | $750, 000 |
| 2060 | $900, 000 | $1, 000,000 | $1, 500,000 |
Conclusion:
As the world, especially after the covid 19, has been attracted toward the Crypto-currency and Bitcoin is the most popular and successful cryptocurrency and is believed to be the world’s future currency, people are investing in it more and more, Which is good. The prediction of Bitcoin has always been great, but even the value of Bitcoin may be a little different with time. Bitcoin has proven to be one of the best and most profitable investments in the market.
Still, Bitcoin has always surprised the market by being the most traded and trusted cryptocurrency of the Era . The trader should remain updated regarding the KYC and other essential aspects of trading. Bitcoin is predicted to be the future currency that will lead the market .
FAQs:
Can a person from India buy Bitcoin in India, and how?
People from any corner of the world can buy Bitcoin. He needs identification proof like a passport, a valid email address, and a phone number linked with a bank account and internet connection. If the person has all these requirements, then process with KYC process and register themself in the ZebPay /Paypal or any other Crypto trading service, and then they can purchase a Bitcoin from it.
Which crypto-currency will lead the currency in the future, and what is its importance?
There are around 16,531 crypto-currencies in the world. Still, Bitcoin is the first cryptocurrency in the world, and it is believed to lead the currency in the future, which is why many businesses like Elon Musk and many others are investing in it. It became the legal tender along with the US Dollar in 2021.
Is trading of Bitcoin a totally safe process to trade and invest without any security issues in Bitcoin?
It is true that the blockchain process is more secure and easy. Still, there are many other essential aspects and concerns that a trader should keep in mind. In contrast, in trading, there have been many incidents where people are fooled and scammed by scammers so read and understand all the necessary guidelines and pieces of advice from the digital marketing guidance and remain updated with the new trading features and guidelines.
