Over the 14 years of its existence, bitcoin has been profitable for 12 years

Throughout its existence, the flagship cryptocurrency has almost always brought profit to investors. Analysts from Blockchain.com emphasize that BTC has been profitable for 12 years and five months. As for the time when digital gold was losing money, the researchers counted only 564 such days.

At the moment, industry experts note an increase in demand for the flagship cryptocurrency, which is likely to lead to further growth in the BTC rate in the future. For example, Paul Ari, founder of BlockTower Capital, a crypto hedge fund, is confident that bitcoin could be worth $ 100,000 by the end of 2024. According to the investor, the main trigger for the rate’s growth will be the inflow of fiat money from traditional financial institutions, which will actively buy cryptocurrency.

At the same time, the revival of the cryptocurrency market has provoked the emergence of more than 44,000 new bitcoin millionaires. They have already profited from the gradual revival of the industry in early 2023.

At the time of the news publication, bitcoin had dropped by 1.23%, with the asset trading at $ 23,136. However, over the week, BTC grew by 2.32%, and the monthly increase was 40.12% with a market capitalization of almost $ 446 billion.

At the moment, bitcoin is trying to break through the $ 23,500 level. Nevertheless, TradingView analysts are confident that the flagship cryptocurrency may rise to $ 25,000 in the near future. Game of Trades experts went even further and predicted that bitcoin would soon reach $ 46,100.

It should be added that the PricePredictions machine learning algorithm predicted the value of BTC for February 2023 — artificial intelligence believes that on the last day of winter, the flagship cryptocurrency will cost $ 24,342.