In mid-December 2018, the bitcoin rate fell to $ 3200 on some trading platforms. Experts called this price level the bottom of the cryptocurrency.
A further fall in BTC was avoided, and after that, the cryptocurrency gradually began to recoup. Many analysts then believed that after such a crash, the coin would no longer be able to recover, and a further capital exit from BTC awaited us.
Even young crypto millionaire Eric Finman, who made his fortune in the 2017 cryptocurrency race, claimed that Bitcoin is dead.
Over the next few months, BTC consolidated, and already in the middle of spring 2019, the market changed. Since hitting the bottom, the value of bitcoin has skyrocketed by 2,125%.
2018 went down in history as the era of “crypto winter”. However, even then, ardent fans of digital currency did not lose heart, but, on the contrary, bought up the fall and believed that Bitcoin would win back.
In 2021, BTC for the first time in its history came close to $ 69,000. Then the coin began to fall in price, and today it is trading at $ 47,200.
Bloomberg strategist Mike McGlone believes further growth in Bitcoin is inevitable. The coin will reach $ 100,000 if the institutional capital accepts it.
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