Historical Bitcoin Price Trends and Projections
Market Capitalization and Price Surges
Over the years, Bitcoin's market capitalization and value have experienced notable fluctuations.
In December 2015, Bitcoin's market capitalization was relatively low. However, prices gradually rose throughout 2016, surpassing 900 by the end of the year.
2017 witnessed further price hikes, with Bitcoin hovering around 1000 until it broke 2000 in mid-May. Subsequently, it skyrocketed to a substantial close.
Industry Expert Projections
Tyler and Cameron Winklevoss
Tyler and Cameron Winklevoss, founders of Gemini, a leading crypto exchange, believe Bitcoin will eventually reach US$500,000 per coin.
Citigroup Analyst
A Citigroup analyst has suggested a price target of US$318,000 for Bitcoin.
Market Developments in 2016
Bitcoin's price surged by over 80% in 2016, driven by events such as the Brexit, the halving, and the Bitfinex hack.
Historical Price Data
Historical Bitcoin price data is available on platforms like Yahoo Finance, allowing investors to track trends and market movements.
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