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Bitcoin’s value has gone up by 67,000% since 2012 until today where its price is around $11,000. That’s a whole lot of appreciation.
Even since 2019, Bitcoin’s value has gone up 247% even though you haven’t really been hearing about it in the news.
In fact, if you look at the chart for the past decade, you’d notice that Bitcoin’s price appreciates around 74% to 100% every 6 months, and then it sees a pullback. The 2017 massive jump has so far been an exception, and it was attributed to the hype around Bitcoin. But generally, the pullbacks have corrected to create new highs. Since 2017 the pattern has expanded a little bit with the gains and crashes being less frequent. But it’s certainly repeating itself.
If the BTC price continues to go by this pattern, in at least 3 years we could potentially see Bitcoin’s price reaching the $20,000, and then grow from there. The math suggests Bitcoin will keep rising to almost $400K by 2030.
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