Ethereum

Wednesday

Bitcoin

April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Four years ago today, <a href="https://u.today/btc-indicator-signals-potential-bitcoin-price-surge-critical-levels-ahead" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> was last seen trading below the $10,000 mark, marking a significant turning point in its price history. Bitcoin historian Pete Rizzo posted this milestone as a fun fact on X, reminding the crypto community of how far Bitcoin has come.
In July 2020, after months of trading below $10,000, Bitcoin began a price run that would later define its history. Bitcoin surpassed the $10,000 mark and would later reach highs above $65,000 in the months that followed - specifically, in April 2021. <img alt=" TradingView" data-entity-type="file" data-entity-uuid="4d8fdecf-264f-46fa-8e72-7bd59470171a" src="https://u.today/sites/default/files/inline-images/26072024%200000.png"><a href="https://www.tradingview.com/x/YMwP4wcJ/" rel="noopener noreferrer nofollow">BTC/USD Monthly Chart, Courtesy: TradingView</a>
Bitcoin subsequently waved goodbye to the sub-$10,000 level, a threshold it has not revisited since. Reflecting on this, Rizzo <a href="https://x.com/pete_rizzo_/status/1816803236310851733" rel="noopener noreferrer nofollow">tweeted</a>, "4 years ago today, you had your last chance to buy Bitcoin under $10,000."
<blockquote>
 FUN FACT: 4 years ago today, you had your last chance to buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> under $10,000 ✨ <a href="https://t.co/sJ06BmMieG" rel="noopener noreferrer nofollow">pic.twitter.com/sJ06BmMieG</a>— The Bitcoin Historian (@pete_rizzo_) <a href="https://twitter.com/pete_rizzo_/status/1816803236310851733?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
</blockquote>
Since then, Bitcoin has experienced tremendous growth, bidding farewell to the sub-$10,000 level, a price point that now appears to be a distant memory.
From subsequent highs of nearly $65,000 in April 2021 to the declines that followed and then highs above $69,000 in November 2021, the 2022 bear market and its current all-time highs of nearly $74,000 in mid-March, Bitcoin's journey has been nothing short of captivating.
<h2 id="more-to-come-vaneck-predicts-2-9-million-btc-price">More to come? VanEck predicts $2.9 million BTC price</h2>
At the time of writing, <a href="https://u.today/bitcoin-btc-eyes-major-resistance-amid-market-speculation-details" rel="noopener noreferrer nofollow">BTC</a> was up 4.58% in the last 24 hours to $67,166, as the crypto market fended off further falls late Thursday. While Bitcoin faces uncertainty in the very short term, asset manager VanEck has made a bold call on BTC's price in a 26-year prediction.
VanEck, an issuer of spot Bitcoin and Ethereum ETFs, predicts that BTC's price might reach $2.9 million by 2050 if some significant hurdles are cleared.
According to VanEck's estimates in a Wednesday report, Bitcoin might become a vital part of the world monetary system in the coming decades.
If events unfold as VanEck predicts, Bitcoin's price might climb by nearly 44 times, gaining 16% annually from its present price of above $67,000, and its market capitalization might skyrocket to $61 trillion.

Bitcoin (BTC) Last Seen Under $10,000 Four Years Ago Today

Table of Contents

U_Today

Other articles published on Jul 26, 2024

Bitget Wallet Review: An Ultimate Gateway to the TON Ecosystem

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Twitter Removes Bitcoin Hashtag

Singapore reports increased use of crypto to fund terrorism

Binance CEO Faces Legal Issues and Imprisonment

'$1,000 SOL Coming Soon' Top Analyst Gives Epic Solana Prediction

Join our free newsletter for daily crypto updates!