Bitcoin (BTC) is undoubtedly the king of the cryptocurrency world. The price upticks noted in BTC can usher in life-changing transformations for other altcoins, which set their tone and pace in sync with Bitcoin’s price movements for bullish outcomes.
However, Bitcoin’s success story is not for the faint-hearted. In its earlier stages of trading, the token started with a meagre $0.0041 and worked hard to reach the current $58K price level.
If an investor had invested $1000 in BTC ten years ago, its return would be massive now that BTC is trading at a whopping $58K level.
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Bitcoin: Your $1000 Investment 10 Years Ago Is Worth This Much Now
According to Good Morning Crypto, Bitcoin investment has always been lucrative and may have fetched investors a solid return if they had invested $1000 ten years ago.
The portal uploaded a tweet on X outlining the stark metrics, stating that $1000 invested in Bitcoin would have fetched incredible returns, helping crypto loyalists claim a whopping $77,000.
The portal stressed the importance of being a long-term crypto investor, outlining that BTC’s slow yet steady price pace is the key to unlocking the true power of crypto.
PayPal CEO Peter Thiel Lauds Bitcoin
With Bitcoin slowly gaining mainstream momentum, the world is now pivoting towards BTC to explore a new currency avenue.
In another post, Good Morning Crypto shared a video of PayPal CEO Thiel lauding Bitcoin and explaining how BTC was systematically underestimated for years.
“I think Bitcoin was a big invention. It was a pretty big deal, and it was systematically underestimated for at least the first 10–11 years.”
BTC Price Forecast for August End
While gaining a steady pace, BTC may end August on a favourable price note. According to CoinCodex, Bitcoin may hit a new level of $69K by August 31.
By September 17, BTC may claim a new ATH of $82K, rising 39%.
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“The price of Bitcoin is predicted to rise by 39.14% and reach $82,707 by September 17, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 31 (fear). Bitcoin recorded 15/30 (50%) green days with 6.72% price volatility over the last 30 days.”