2024

Cryptocurrency

Trillion

<p>The post <a href="https://coinpedia.org/news/analyst-predicts-bitcoins-surge-to-2-trillion-market-cap-by-september-2024/" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Surge to $2 Trillion Market Cap by September 2024</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Cryptocurrency markets are currently reaching levels not seen in over two years, approaching a total capitalization of US$2 trillion. This surge is attributed to Bitcoin recently <a href="https://coinpedia.org/news/bitcoin-hits-50-3k-milestone-triggers-surge-in-microstrategy-and-mining-stocks/" rel="noopener noreferrer nofollow">surpassing US$50,000</a>.&nbsp;</p>
<p>Experts are speculating on the unique factors contributing to this bull run, marking a significant shift from the scenario in April 2022 when market conditions were notably different.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-mc-to-reach-2-trillion">Bitcoin MC To Reach $2 Trillion</h2>
<p>As the current crypto market capitalization stands at US$1.97 trillion, highlighting the remarkable growth in the digital asset space,experts are now forecasting that Bitcoin will soon follow suit.</p>
<p>Renowned crypto analyst EGRAG CRYPTO has set the stage for an unprecedented Bitcoin (BTC) surge, predicting that the cryptocurrency will reach a staggering $2 trillion market capitalization by September 2024.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> $2 T in MC September 2024:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Get ready for the ride of a lifetime! By September 2024, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> is set to skyrocket <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> past the $2 trillion mark, and it's happening quicker than anyone could have imagined! <br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Hold on tight as we witness the crypto revolution unfolding at… <a href="https://t.co/LF2ForwvdZ" rel="noopener noreferrer nofollow">pic.twitter.com/LF2ForwvdZ</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1757369672503075157?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a>
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<p>This bold forecast has sparked excitement among the crypto community, anticipating a historic ride in the coming months.</p>
<h2 class="wp-block-heading" id="h-fed-easing-amp-crypto-bull-run">Fed Easing &amp; Crypto Bull Run</h2>
<p>Another crypto enthusiast, Daniel Cheung, co-founder of Syncracy Capital, shared <a href="https://twitter.com/HighCoinviction/status/1756921319591948321" rel="noopener noreferrer nofollow">his perspective</a> on February 12 predicting that the ongoing crypto bull cycle will stand out for having the largest market cap creation and lasting longer than anticipated.&nbsp;</p>
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   <p lang="en" dir="ltr">Good chance this bull cycle ends up being the largest in terms of market cap creation and longer in duration than expected:<br><br>1) First time the crypto bull market has aligned with the start of a Fed easing cycle<br><br>2) Market remains in a "buy the dip" mentality absent a severe macro…</p>— Daniel Cheung (@HighCoinviction) <a href="https://twitter.com/HighCoinviction/status/1756921319591948321?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a>
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<p>What sets this cycle apart is its correlation with the initiation of a Fed easing cycle – an unprecedented occurrence in the crypto bull market. After two years of raising interest rates, the U.S. central bank is now focusing on keeping inflation low.</p>
<p>According to Cheung, unless there’s a significant macroeconomic shock, crypto markets are likely to continue in a “buy the dip” mode. Furthermore, the absence of retail interest indicates that the market is still in its early stages.</p>
<p>As the crypto community braces itself for the months ahead, all eyes will be on Bitcoin’s performance, waiting to see if EGRAG CRYPTO’s forecast will become a reality.&nbsp;</p>

Analyst Predicts Bitcoin’s Surge to $2 Trillion Market Cap by September 2024

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