Bitcoin Price Analysis for Beginners

## Bitcoin's Record High: Analysis and practical Advice.

The price of bitcoin has reached an all-time high, attracting the attention of the general public and many new investors who are considering buying bitcoin. In this article, we will provide a more detailed analysis of Bitcoin, including an examination of its price development in the coming weeks. We won't just stick to theory, but will also give practical advice.

Brief History

• Bitcoin’s journey began in 2009 when Satoshi Nakamoto mined the first-ever block, marking the start of the blockchain revolution.

  While Bitcoin saw minimal price movement throughout 2010, never exceeding $0.40 per coin.

  One of the earliest signs of Bitcoin’s viability as a medium of exchange is known as Bitcoin Pizza Day. On May 22, 2010, programmer Laszlo Hanyecz purchased two pizzas for 10,000 BTC.

• A significant shift occurred in February 2011 as Bitcoin surpassed the $1 mark for the first time and first major milestone came in 2013 when Bitcoin broke $100 for the first time.

• In December 2017, Bitcoin's price reached an all-time high of nearly $20,000, marking a significant milestone in its history. This surge solidified Bitcoin's position as a globally recognized financial asset and showcased its potential for long-term growth.

• The year 2024 marked a significant milestone for the cryptocurrency industry with the approval of the first Bitcoin exchange-traded fund (ETF) in the United States. This development provided a more accessible way for conservative investors and wide public to invest in Bitcoin trough banks, without directly owning the cryptocurrency.

Current Bitcoin Price Trends

By the end of 2024 Bitcoin has reached the 100 000 USD threshold, governments and companies are investing in Bitcoin more and more, the general public is investing in Bitcoin ETF funds (The total investments of all ETF funds is 131 billion USD). USD, President Donald Trump has expressed significant support for digital assets, and huge investments in Bitcoin and other cryptocurrencies are expected from the United States in the near future, other countries might follow. Changpeng Zhao, founder of the largest exchange Binance, predicts the price at 500 thousand. These and other factors show that there is strong potential for growth.

Leading Bitcoin Holders

As Bitcoin continues to evolve and gain widespread acceptance across various sectors, it has attracted the attention of individuals, companies, and governments alike. This growing interest has led to significant investments in Bitcoin, reflecting its increasing legitimacy as a financial asset. Below is an overview of some of the most notable investments in the Bitcoin landscape.

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Individuals

Satoshi Nakamoto: ...........................................................................1.1 million BTC

The Winklevoss Twins: .........................................................................70,000 BTC

Tim Draper: .............................................................................................29,656 BTC

Michael Saylor: .......................................................................................17,732 BTC

Companies

MicroStrategy: ....................................................................................576,230 BTC

Marathon Digital Holdings: .................................................................46,374 BTC

Riot Platforms: ........................................................................................18,692 BTC

Galaxy Digital Holdings: .......................................................................15,449 BTC

Tesla: ..........................................................................................................11,509 BTC

Coinbase: ...................................................................................................6,885 BTC

Countries

The United States: ...............................................................................198,012 BTC

China: ......................................................................................................190,000 BTC (estimated)

The United Kingdom: .............................................................................61,245 BTC

Ukraine: .....................................................................................................46,351 BTC (estimated)

Bhutan: .....................................................................................................12,062 BTC

El Salvador: ................................................................................................6,210 BTC

Venezuela: ....................................................................................................240 BTC (estimated)

Finland: ............................................................................................................90 BTC (estimated)

ETFs Funds

BlackRock’s iShares Bitcoin Trust: ..................................................655,570 BTC

Fidelity Wise Origin Bitcoin Fund: .....................................................200,713 BTC

Grayscale Bitcoin Trust: .......................................................................187,816 BTC

Conclusion

• In conclusion, we regard Bitcoin as a good long-term investment. This perspective is based on its historical performance, which demonstrates a growth trajectory, its capped supply of 21 million BTC, increasing acceptance as a legitimate form of payment and store of value, rising institutional interest, and the evolving clarity and supportiveness of government regulations worldwide.

• In the upcoming weeks, we do not expect any substantial growth, staying below the 110,000 USD threshold.

• We encourage to stay informed and continue learning about cryptocurrency investments and risks involved

Practical Advice

• Regular Investing over One-Time Purchases

  The strategy of regular investing has proven effective, resulting in a lower average entry price compared to a one-time purchase, where timing the market accurately is challenging.

• Start with Small Amounts

  Invest according to your financial situation and ensure you always have cash available for new opportunities.

• Utilize Automatic Purchases

  Cryptocurrency exchanges offer various automated trading systems, such as monthly purchases on a specified day or buying Bitcoin when its price drops by a certain percentage. This approach supports making rational decisions rather than emotional ones.

• Buy and Hold Strategy

  Investing in Bitcoin is a long-term commitment and requires patience. Bitcoin is often characterized by a series of ups and downs, with prices experiencing dramatic spikes over short periods. Despite these fluctuations, historical data indicates that Bitcoin has shown a consistent upward trajectory over the long term.