@intocryptoverse, $18k zone, 2010 prices, 2015 prices, Analysts, Best Investment Vehicle, Bitcoin, BTC, Charts, crypto assets, data, Emin Gün Sirer, ETH, Ethereum, inflation rate, Market Movements, Markets, Predictions, Price Zone, Prices, Simon Peters, Traders, Vinny Lingham

On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily rate of bitcoin issuance during the last three years makes the overall market valuation higher than it was when bitcoin touched $19,600 per coin.

Earlier this morning (EST), bitcoin (BTC) had surpassed the $18k per unit price zone, as the crypto asset has climbed a whopping 54% during the last 30 days. During the last 90 days against the U.S. dollar, BTC is up 53% and over the last 12 months against USD, the cryptocurrency is up a massive 123% to-date.

Three years ago, bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of bitcoin issuance from miners, BTC’s market cap is higher today than it was on December 17, 2017. Today, bitcoin is undoubtedly the best financial vehicle during the last decade, as it has surpassed stocks, equities, commodities, and nearly every asset under the sun.

For example, 12 years ago back in July 2010, a single BTC was swapping for $0.08 per unit. This means with BTC above the $18k handle (or just below), the crypto asset has increased in value over 22 million percent since 2010. If a person waited even five years later, in 2015 the price of BTC was swapping between $200-300 per coin. An investment in bitcoin at this level (2015) would give an investor 7,100% with BTC exchange rates at the $18k mark.

Data shows that at the current price levels, any person with a touch over 55 BTC has crossed the millionaire zone. Statistics show that there are 664,900 unique addresses with anywhere between 1-10 BTC and 2.3 million unique addresses with 0.1 to 1 BTC each. Stats from bitinfocharts.com also indicates there are 25,810 unique addresses that own a million dollars worth of bitcoin. Beyond those million-dollar whales, 3,442 addresses contain $10 million in BTC today as well.

Meanwhile, as bitcoin (BTC) continues to grow in value, the crypto assets inflation rate or rate of issuance continues to drop lower. Unlike Jerome Powell, the Federal Reserve Chair who noted the U.S. central bank would let inflation run hotter than usual, Satoshi’s system is predictable and mathematically secure.

In fact, worldwide most central banks claim the financial institutions keep the inflation rate target around 2%, but there are a few lenient countries that reference rates as high as 4%. And even though central banks claim 2% is the reference mark globally, shadowstats.com statistics reveal the real rate could be as high as 10%.

On February 24, 2020, just before the third BTC reward halving, the decentralized currency’s inflation rate was hovering around 3.86%. Today, that metric is a lot lower, and continues to sink as the current bitcoin (BTC) inflation rate is only 2.71% at the time of publication.

@intocryptoverse, $18k zone, 2010 prices, 2015 prices, Analysts, Best Investment Vehicle, Bitcoin, BTC, Charts, crypto assets, data, Emin Gün Sirer, ETH, Ethereum, inflation rate, Market Movements, Markets, Predictions, Price Zone, Prices, Simon Peters, Traders, Vinny Lingham
Earlier this morning (Eastern Standard Time), bitcoin (BTC) jumped to a 2020 high of $18,483. The price also saw a quick $1,000 flash crash which saw the price sink to $17,200 this morning as well. At the time of publication, BTC is fighting to keep the $18k zone at 9:45 a.m. EST.

After BTC busted through the $18k zone, the crypto asset analyst from Etoro, Simon Peters, said that “bitcoin will now be setting its sights on the all-time high of $20,000†in a note to investors.

“Three years on, there are a whole host of factors contributing to the current price rise, including a massive influx of investors from large scale institutions such as listed investment trusts, pension schemes and university endowment funds, which shows how far bitcoin has come,†Peters wrote on Wednesday morning. “Data sets that analyse the health of bitcoin by looking at data from the blockchain, the technology underpinning crypto, are also reporting strong signals that justify the recent price rises.â€

The digital currency analyst added:

With bitcoin (BTC) prices riding so high, this week crypto proponents have been wondering whether or not an ‘altcoin season’ is coming around the bend. So far, with BTC’s dominance levels at 68.7%, it doesn’t seem to be the case, at least for now.

@intocryptoverse, $18k zone, 2010 prices, 2015 prices, Analysts, Best Investment Vehicle, Bitcoin, BTC, Charts, crypto assets, data, Emin Gün Sirer, ETH, Ethereum, inflation rate, Market Movements, Markets, Predictions, Price Zone, Prices, Simon Peters, Traders, Vinny Lingham
The analyst @intocryptoverse said on Twitter he believes that at Ethereum’s current trajectory, ETH could touch $10k by 2023.

However, there are a few notable altcoins moving northbound in value too like the second largest blockchain in terms of market cap Ethereum. The popular cryptocurrency analyst on Twitter called @intocryptoverse believes at some point ETH prices could top $10k per coin.

“If ETH continues on in this manner and is, in fact, one market cycle behind BTC, then we will peak at approximately 1,000% above the fair value in a few years,†the trader predicted on Twitter. “If this happens in say, 2023, then this could put a theoretical peak just shy of a modest $10k per ETH,†@intocryptoverse concluded.

What do you think about bitcoin crossing $18k and the possibility of ethereum touching the $10k handle? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely†headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

Xem chi tiết: Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

Xem chi tiết: Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ†[…]

Xem chi tiết: NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

One of the biggest franchises in the videogame industry, Grand Theft Auto, will feature in-game payments of “bitcoin†or another fictional cryptocurrency. Contractors will pay the player with this currency when they need to make anonymous, untraceable payments. This would constitute another push for Bitcoin awareness into mainstream media culture. Grand Theft Auto 6 to […]

Xem chi tiết: Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery†of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]

Xem chi tiết: Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Other Articles