Today, 11.11.2024, the cost of the first Bitcoin cryptocurrency has overcome an important milestone of $ 80,000, income peaked at a price of 81,500 USD per 1 BTC. And importantly, we managed not only to break through the 80,000 mark, but also to stay above this psychological line. If we compare with the last bull market in 2021, when bitcoin reached a price of 63.300 USD, then taking into account the inflation of the US dollar (and, by the way, it amounted to more than 15% in 3 years) in November 2024, 63,000 USD out of 2021 = 73,000 USD in its purchasing power. I.e. Bitcoin has not only returned its value to the level of 2021, but it is also confidently adding this very value. In other words, you can now buy about 10% more for each bitcoin than it was at its peak in August 21.
Since Bitcoin is not just a cryptocurrency, but the locomotive of the entire crypto industry, other assets DOGE (0.29 USD +34%), ETH (3.195 +2%), Solana (210 +5%), BNB (638 +2%), XRP (0.59 +6%) have grown significantly after it), Cardano (0.59 +15%), Shiba Inu (0.000027 +30%), SUI (3.11 +14.5%), Polkadot (5.25 +13%), Kaspa (0.15 +13.5%). In short, optimism in the crypto market is off the scale, the total capitalization of the entire market is growing by 5% to $ 2.75 trillion, and the trading volume jumped by 115% to $ 223 billion per day.
In 2013, when 1 BTC cost a little more than 1000 USD, and it already seemed unrealistic. If someone had told me then that I would see a value of 80,000 on the graph, I would have thought that he was crazy. The maximum I could believe in then was 5000 USD. However, for 2024 we have what we have. And it is possible that today's forecasts about the cost of 1 BTC of 1 million dollars in 2030 are not someone's joke at all.
