But despite its dominion over a crowded field of more than 8,000 cryptocurrencies, it’s can be easy to overlook Bitcoin in favor of the latest trending altcoin. The ubiquity of Internet access has triggered the emergence of currencies distinct from those used in the prevalent monetary https://www.fxstat.com/en/user/profile/botwinwoii-302252/blog/36948876-What-Is-Crypto? system. The advent of cryptocurrencies based on a unique method called “mining” has brought about significant changes in the online economic activities of users. Various cryptocurrencies have emerged since 2008, when Bitcoin was first introduced . Nowadays, cryptocurrencies are often used in online transactions, and their usage has increased every year since their introduction .
Wall Street wisdom defines bear markets as a decline of 20% or more from recent highs, but it's worth noting bitcoin is notorious for its volatility. Back in January, ARK Invest’s research team said that one BTC could be valued at $1.36 million by 2030. Major bitcoin proponent and CEO of MicroStrategy, Michael Saylor, is optimistic that the cryptocurrency price could reach $1 million in the future. Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin. It is estimated that BTC will be traded between $374,918.77 and $454,445.60 in 2028.
