Bitcoin is a crypto currency, which was first introduced in the main market in 2009. It is a blockchain based Cryptocurrency, which is decentralised, due to which no one can control it in a century. The total supply of Bitcoin is 21 million and its market cap is 1.46 trillion dollars, which is a lot.
For Bitcoin transactions, which can happen anywhere in the world and a single computer cannot complete it, this transaction requires solving a block, and a block is solved in an average (10 minutes), this is called bitcoin mining, as soon as a block is solved, its reward is distributed equally to everyone, and recently a company mined 9700 bitcoins in Q1, whose worth is 800 million dollars.
Can btc hits $200000 in 2025?
Bitcoin is always in the news for its unique growth, when it reached $19000 in 2017 then it came into the limelight and then bitcoin gave a growth of 20000% but the question is whether btc will reach $200000 or not, if I go by analytics then it is possible but we will talk about the technicalities.
On 17 December 2024, BTC was at its maximum potential when BTC touched $106000, after that bitcoin is falling and while falling, BTC reached $71000 and now it has gained growth and now it has crossed its trend line, which indicates that now BTC is on growth.
One more thing, BTC also depends on buying and holding and recently two big companies microstrategy has bought 3459 BTC and metaplanet has bought 319 BTC, which means that big companies feel that BTC will grow.
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