#BTC #ETH Since its inception in 2009. bitcoin, the world’s oldest cryptocurrency, has attracted the attention of fans, investors, scammers, and, more recently, both institutional players and regulators.For many of its acolytes, it’s not just a new form of currency but a groundbreaking technology that introduced the world to the concept of decentralised currencies and established the bedrock for an entirely new type of econom the cryptocurrency market. For others, it was a way to make a quick buck, and while some of these early investors did manage to join the coterie of bitcoin millionaires, many more lost hundreds or even thousands of dollars trying to predict its price movements.Indeed, bitcoin has been the subject of many price predictions, some of them extreme. Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $US1.48 million by 2030, and recently said she believes it will cross the $US1 million dollar mark much earlier. Michael Saylor, the co-founder and chairman of MicroStrategy, recently said he believes bitcoin will reach $US13 million by 2045.Senior analyst Nicholas Sciberras from Collective Shift points out that this prediction reflects widespread surprise at bitcoin’s meteoric rise.It’s difficult to put any price target out there, as the sky could become the limit depending on the level of adoption and external factors in the market,” he says.

Bitcoin has come a long way since its first recorded price of less than a cent. As of October 2, 2024, one bitcoin was worth roughly $US61,700. The idea that bitcoin could one day be worth millions of dollars per coin, as Sciberras points out. really shows how far we’ve come.