This year, the world's largest cryptocurrency, Bitcoin, experienced various highs and lows, setting new records and breaking its own records. Bitcoin set several trends this year, but its most significant achievement was its price movement, making a massive leap of 160% after two years of continuous ups and downs, initiating a bull run across the entire crypto market. By the end of the year, Bitcoin successfully surpassed $46,000 showing comeback in 2023 surge. This surge also led to an increase in the prices of other altcoins.
In 2023, investors in cryptocurrencies benefited significantly from the volatility in Bitcoin, leading to a 246% increase in the number of Bitcoin billionaires. The number of wallet addresses holding one million dollars or more worth of Bitcoin, which was 23,795 at the beginning of the year, increased to 97,497 by the end of the year. Currently, there are approximately 90,040 addresses with a value of more than one million dollars, and 7,457 wallet addresses have a value of ten million dollars or more.
Along with the rise in market prices, the market capitalization of Bitcoin also increased, allowing the world's largest cryptocurrency to secure a place among the top 15 largest cryptocurrencies globally, surpassing several global currencies. Bitcoin, leaving many global currencies behind, became the 13th most valuable currency in the world, with a market cap of approximately $830 billion, surpassing the Swiss, France and the Indian Rupee.
Additionally, upcoming events in the next year, such as Bitcoin Halving and the potential approval of Bitcoin Spot ETF, have kept Bitcoin in discussions, making it a trending topic on Google Trends. People's interest in Bitcoin has increased so much that searches for Bitcoin on Google have risen by up to 800%. Moreover, this year marked the 15th anniversary of Bitcoin's whitepaper, maintaining its presence in the news within the crypto space.
With the price increase at the end of the year following the start of the bull run, industry experts hope that Bitcoin could reach up to $100,000 before the next halving in the coming year. Experts also believe that in a bullish trend, Bitcoin could potentially reach $750,000 to $1 million per token. Therefore, it can be speculated that Bitcoin could set a new all-time high in 2024.
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