The price of Bitcoin reaches 500 thousand dollars
According to Iran Economist and quoted by Fan, Novogratz said during a speech at the Bloomberg Crypto meeting that Bitcoin (BTC) will undoubtedly reach $500,000 in the next five years due to its unique features and speed of adoption.
He says: Bitcoin, built to be an anti-inflationary store of value, is also easily transferable, so it will be better than gold in many ways.
In addition, the former billionaire said that the debt-driven global financial system of inflation is overstimulating consumer prices, and that Bitcoin could serve as a unique way to store wealth for the long term.
He believes that the “worst” is over for the crypto market and that the debate over Bitcoin remains strong, especially as central banks around the world battle inflation.
The total value of the global market of digital currencies is currently estimated at 1.1 trillion dollars, which has increased by 3.7% compared to the previous day.
The total volume of the digital currency market in the last 24 hours was 132 billion dollars, which is dominated by Bitcoin 40.5% and Ethereum 16.8%.
Cryptocurrency price update (up to 07:10 AM ET)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: 23 thousand 450.55 dollars
Price changes in the last 24 hours: 1.24% increase
Price changes in the last week: 6.07% increase
2- Ethereum
Price: $1,548.52
Price changes in the last 24 hours: 0.66% increase
Price changes in the last week: 1.56% increase
3- Binance Coin
Price: $267.54
Price changes in the last 24 hours: 0.24% increase
Price changes in the last week: 2.98% increase
4- Tether
Price: $1.00
Price changes in the last 24 hours: 0.00% increase
Price changes in the last week: 0.02% increase
5- Solana
Price: $45.13
Price changes in the last 24 hours: 0.99% increase
Price changes in the last week: 3.78% increase
6- Cardano
Price: $0.525
Price changes in the last 24 hours: 0.10% decrease
Price changes in the last week: 9.07% increase
7- Ripple
Price: $0.373
Price changes in the last 24 hours: 0.25% increase
Price changes in the last week increased by 4.14%
8- Polka dot
Price: $7.84
Price changes in the last 24 hours: 0.94% increase
Price changes in the last week: 2.02% increase
9 – USD Coin
Price: $0.9999
Price changes in the last 24 hours: 0.02% decrease
Price changes in the last week: 0.01% increase
10- Dogecoin
Price: $0.06917
Price changes in the last 24 hours: 0.68% increase
Price changes in the last week: 3.86% increase