Mike Smith
December 2
Despite countless predictions of its “death”, Bitcoin is once again proving its strength, striving to reach a historic six-figure mark. Over the past 14 years, the world's largest cryptocurrency has been declared dead 415 times. The first such publication appeared back in October 2010, when the value of BTC was only $0.11.
Historical data demonstrates the incredible potential of this digital currency: every $100 investment in Bitcoin at that time would now turn into over $101 million, according to Bitcoindeaths.com analytics.
However, even such a powerful growth could not protect BTC from criticism. Predictions of collapse continued, but the market responded to them with a noticeable recovery. Since November 29, the price of Bitcoin has jumped more than 5.9%, increasing from $92,000 to $97,500, according to TradingView data.
Many analysts are already expressing optimism about the future of the cryptocurrency. For example, recent calculations suggest that even if Bitcoin temporarily falls by 30% from current levels, this will only be preparation for a new breakthrough that will end with reaching the historic $100,000 mark.
While BTC is struggling for six-figure indicators, it shows closeness to this mark. For example, on November 22, the Bitcoin rate reached $99,644, which is only $200 below the desired threshold. This level inspired experts to suggest that the $100,000 barrier could be broken in the coming months.
However, Szymon Sypniewicz, co-founder of Ramp Network, notes that the exact timing of achieving this goal remains unclear. He emphasizes that despite long-term optimistic expectations, the Bitcoin market may face additional fluctuations before the rate strengthens at a new level.
Among the factors contributing to the possible growth of BTC, analysts name the increase in the global money supply. Forecasts suggest that by January 2026, the global money supply will grow by more than $ 20 trillion. Such a large-scale growth can additionally attract investments in Bitcoin in the amount of about $ 2 trillion, which corresponds to about 10% of new money flows.
Jamie Coutts, a leading crypto analyst at Real Vision, emphasizes that current economic trends can contribute to Bitcoin reaching a new cyclical maximum. Based on historical analysis, he expects that the cryptocurrency can overcome the $ 132,000 mark in the future.
Cryptocurrency continues to be one of the most dynamic and controversial topics in the financial world. Its history of growth and overcoming obstacles demonstrates the potential for further development. Those betting on Bitcoin seem confident that six-figure price levels are only a matter of time.
