Bitcoin (BTC) Last Dropped Below $10,000 Four Years Ago Today

Bitcoin Historical Milestone: Four Years Since Trading Below $10,000

Four years ago, Bitcoin last traded below the $10,000 mark, a pivotal moment in its price history. Bitcoin historian Pete Rizzo highlighted this milestone on social media, reminding the crypto community of Bitcoin’s impressive journey since then.

In July 2020, after spending several months under $10,000, Bitcoin started a dramatic price increase that reshaped its narrative. It broke through the $10,000 threshold and ultimately soared to over $65,000 in April 2021.

Since then, Bitcoin has moved away from the sub-$10,000 level, never to return. Reflecting on this, Rizzo noted, “4 years ago today, you had your last chance to buy Bitcoin under $10,000.”

The cryptocurrency has since seen remarkable growth, with notable highs including $65,000 in April 2021 and a peak of over $69,000 in November 2021, followed by a bear market in 2022. Most recently, Bitcoin reached nearly $74,000 in mid-March.

Looking ahead, asset manager VanEck has made a bold prediction regarding Bitcoin’s future price. As of now, Bitcoin was up 4.58%, trading at approximately $67,166. While short-term uncertainties persist, VanEck forecasts that Bitcoin could rise to $2.9 million by 2050, contingent on overcoming key challenges.

According to VanEck’s projections released in a recent report, Bitcoin might become integral to the global monetary system in the years to come. If their predictions hold true, Bitcoin’s price could increase nearly 44-fold, reflecting an annual growth rate of 16% from its current level, leading to a market capitalization of approximately $61 trillion.