Here's how much $100 in Bitcoin could be worth if BTC returns to all-time highs

The Apex Bitcoin cryptocurrency BTC/USD remains the most valuable in the world with a market capitalization of $450 billion, more than double that of second place Ethereum. Despite the high valuation, Bitcoin is still down from all-time highs set in November 2021.

Here's a look at what a return to all-time highs could mean for hodlers and investors alike.

What happened: Bitcoin remains the most valuable cryptocurrency and one of the most talked about cryptocurrencies in the world. The apex crypto remains a favorite future investment option for notable investors like Cathie Wood.

The war in Ukraine has led to more talk about countries adopting Bitcoin as their currency, and some analysts have raised their price targets and bullish cases for Bitcoin going forward.

Global investment management firm VanEck said money has shifted due to sanctions on Russia's central bank, and the result could be that traditional reserve currencies take precedence over Bitcoin.

Wood, who is the CEO of Ark Funds, called for more companies to add Bitcoin to their balance sheets. If all businesses put 1% to 10% of their cash balance into Bitcoin, the coin's valuation could increase significantly.

In 2021, Ark Funds has highlighted a price target of $500,000 for Bitcoin. A bullish case for Bitcoin from Ark Funds has seen the coin hit $1 million per Bitcoin by 2030.

Ark is sticking to this price target according to its latest Big Ideas report.

VanEck analysts Eric Fine and Natalia Gurushina published a note titled "How One Bond Manager Values ​​Gold and Bitcoin" in April 2022.

In the note, the duo set a target price of $1.3 million to $4.8 million for Bitcoin if the cryptocurrency is adopted as a global reserve currency.

Related link: How to buy bitcoins

Invest $100 in Bitcoin: A $100 investment in Bitcoin today could buy 0.00429 BTC, based on a current price of $23,349.88 at the time of writing.

Bitcoin reached an all-time high of $68,789.63 in November 2021. The coin did not reach a price of $69,420, a figure that some believe could break the internet , combining two of the most popular memories. digits.

If Bitcoin returns to an all-time high, a $100 investment today would be worth $295.11. This would represent a return of 195.1%.

While Bitcoin may never reach Ark Invest's $500,000 or $1 million price targets, a return to all-time highs may be more likely. Those who have been following cryptocurrency for years know that there are many waves and cycles that occur, and Bitcoin could reach new all-time highs in the next bull run.

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