Real-time information on the price of Bitcoin
Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. It was created by an anonymous person or group of people with the nickname Satoshi Nakamoto in 2009 as an open source project.
To understand the Bitcoin blockchain we can imagine a book, where each page number contains a signature that can validate the content of that page and its previous one. This signature is computed by an algorithm known as SHA-256 and cannot be reversed. In other words we can calculate the A-256 signature from some content, but we can’t get content if we know its SHA-256 signature. Back to the example with the book: if we tear out a page from the book, we can easily understand that a page is missing. The same is with adding an inexistent page. All the pages are copied between members of the chain, and this is why the Bitcoin Blockchain is considered a distributed network.
Bitcoin is an open source project maintained by a developer team with over 580 active contributors. The code of the chain is available on Github. The main purpose of Bitcoin was decentralized but trusted, low fee money transactions between people and businesses around the world. Nowadays over 100.000 vendors accept Bitcoin for payments. And there are between 2.9 and 5.8 million unique users who actively use Bitcoin cryptocurrency wallets. The price of Bitcoin can be very volatile due to speculation and has changed in the past more than +/-20% during a single.
Bitcoin has always been very volatile since its inception. It has recorded five significant price increases since the creation of Bitcoin. In 2021 it reached its all-time high near $65,000 and has increased its adoption among the population of this cryptocurrency.
The bitcoin price growth has averaged 200% per year, although there have been years in which there has been a big drop in the price of bitcoin (especially in 2020 after the COVID-19 pandemic crisis and the collapse of the stock market in all countries).
To explain or predict the behavior of the bitcoin price in the short or long term, technical analysis is usually performed together with statistical theories and investor sentiment. In the case of the bitcoin price, the Bitcoin logarithmic growth curve and the hyperwave theory are usually taken into consideration.
The bitcoin price forecast is bullish among the vast majority of expert cryptocurrency investors.
Because there can only be a maximum of 21 million Bitcoin BTC coins, the trend over the next few years is for its value to reach stratospheric appreciation. It is not unlikely that the bitcoin price will reach $100,000.
The bitcoin price prediction is due to these factors that are going to influence the bitcoin price in the coming years:
Bitcoin emerged in 2008 with the idea of replacing the physical money we use and eliminating the need for the intermediation of banks in financial transactions, among many other advantages offered by this new currency.
The cryptocurrency first appeared in an article published by Satoshi Nakamoto, a pseudonym. In the text he described and detailed how this cryptocurrency worked and created the system that was later called “blockchain”.
Its use was intended to be exactly a digital currency, used to make purchases and transactions securely and anonymously. Due to its strong volatility and rising value, it has become a high-risk investment, and many experts consider it a store of value, like gold.
Bitcoin uses a complex code, which cannot be modified, and all transactions are protected by cryptography. Each transaction is validated by a group of people, called miners, using computers, who record these transactions in the block chain, ensuring the security of the entire system.
It is also through the mining process that new bitcoins are created. As miners validate transactions, they complete each “block” in the system (hence the name blockchain). For each completed block, they earn fractions of new bitcoins as a reward, and every 210,000 blocks this reward is halved.
Bitcoin is a cryptocurrency with a price of $ 42,374.00 and a market capital of $ 800,724,562,781. The price of Bitcoin has changed a 1.59% in the last 24 hours. It is positioned as the number 1 cryptocurrency having a market volume of $ 17,502,541,089.
Currently one Bitcoin has a price of $ 42,374.00. The price of Bitcoin is constantly changing, in the last 24 hours the price has changed by 1.59%.
Bitcoin’s price has changed in the last 7 days by 1.2%.