CNBC reported that if you bought $1,000 worth of bitcoin 10 years ago, it would be worth about $77,443 as of Feb. 14 (local time), an increase of 7,644%. "If you bought $1,000 worth of bitcoin five years ago, it would be worth about $14,524 today (a 1,352% increase), and if you bought it one year ago, it would be worth about $2,331 today (a 133% increase). If you bought bitcoin on January 11, the day the ETF launched, it would be worth $1,113 today," he explained. This figure is based on a BTC price of $51,793.
Meanwhile, Jag Kooner, head of derivatives at Bitfinex, analyzed that "the current market behavior appears to be a pre-halving rally, which has been observed in previous bitcoin cycles." "Historically, these rallies have started about eight weeks prior to the halving event," Kooner said. "This rally has the potential to push the price to new all-time highs. The $1 trillion market cap of bitcoin is a result of inflows from bitcoin spot ETFs," he said. He cautioned that "while historical patterns can provide insight into the market, they are not always guaranteed to repeat themselves.
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