Submit Essay

Once you submit your essay, you can no longer edit it.

# Bitcoin Extremes: below $1000 before 2025? ### Question Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. The price of bitcoins has gone through cycles of appreciation and depreciation referred to by some as bubbles and busts. In 2011, the value of one bitcoin rapidly rose from about$0.30 to $32 before returning to$2. In the latter half of 2012 and during the 2012–13 Cypriot financial crisis, the bitcoin price began to rise again, reaching a high of $266 on 10 April 2013, before crashing to around$50. On 29 November 2013, the cost of one bitcoin rose to a peak of $1,242. In 2014, the price fell sharply, and as of April remained depressed at little more than half 2013 prices. As of August 2014 it was under$600.

Bitcoin prices reached their apogee in December 2017, at just shy of $20,000 per coin. Since then, prices have fallen roughly in half, and as of March 10 2020 one bitcoin is valued at approximately$7,900.

This question asks: Will one bitcoin be worth $1,000 USD or less before 1 January 2025? Resolution should cite credible press reports in the financial media, or information from a cryptocurrency exchange or trading platform, that one bitcoin is valued at less than$1,000 USD at any time after this question opens, and before 1 January 2025.

A flash crash or market manipulation will suffice to resolve the question (so long as the genuine trading price is within the threshold).

### Prediction

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

Current points depend on your prediction, the community's prediction, and the result. Your total earned points are averaged over the lifetime of the question, so predict early to get as many points as possible! See the FAQ.