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Will Bitcoin Ever Hit $50,000 Again?

Bitcoin is still the biggest cryptocurrency, but it may not hold that title forever.

By Travis Hoium – Aug 18, 2022 at 3:46PM EST

Bitcoin (BTC +2.22%) has dropped from all-time highs in late 2022, but has bounced back in recent weeks. Is this a bull run and will the cryptocurrency get to $50,000 again? This video digs into why competing blockchains like Ethereum (ETH +3.95%) and Solana (SOL +4.42%) may have more upside. 

*Stock prices used were the midday prices of Aug. 17, 2022. The video was published on Aug. 18, 2022.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy.

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/riiv, I'll earn some extra money that supports my channel. My opinions remain my own and are unaffected by The Motley Fool.

Stocks Mentioned

Bitcoin Stock Quote
Bitcoin
CRYPTO: BTC
$72,747.00
(+2.22%)+$1,582.29
Ethereum Stock Quote
Ethereum
CRYPTO: ETH
$2,179.49
(+3.95%)+$82.81
Solana Stock Quote
Solana
CRYPTO: SOL
$91.87
(+4.42%)+$3.89
Cardano Stock Quote
Cardano
CRYPTO: ADA
$0.27
(+2.40%)+$0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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