The bets range from US$100,000, US$200,000 or US$250,000, cryptocurrency experts put a price on BTC for the end of 2024.
After having reached its all-time high, several experts analyze the potential of Bitcoin by 2024 and, although it is difficult to put a ceiling on the largest cryptocurrency by marketcap, the optimism in the industry is palpable.
A renowned cryptocurrency guru known as Andy Bitcoinsensus shared his opinion that the price of Bitcoin It could reach at least $100,000 by the end of 2024. His analysis justifies this based on how the digital asset has behaved lately, as well as the anticipation of the next BTC halving.
Market projections
Likewise, the chief investment officer of crypto asset manager Bitwise, Matt Hougan, believes that Bitcoin could skyrocket to $200,000 or even more by the end of 2024 due to a “massive supply and demand dynamics.
“I think there will be an even bigger surge in a few months. But this has been the time for the Bitcoin IPO. E“We are in a new era of price discovery and I think prices could rise substantially from here,” Hougan added..
Finally, Hougan’s colleague at Bitwise, CEO Hunter Horsley, set his prediction even higher – at $250,000 – arguing that Bitcoin has proven its merits for 15 years, but “It was only accessible to some“, echoing his CIO’s view that Bitcoin ETFs will power the cryptocurrency.
Source: Ambito
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