2024

United

Bitcoin

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 <p class="paragraph">As Bitcoin (BTC) continues its push toward a potential new all-time high (ATH), pulling the majority of the cryptocurrency sector with it, finance <a rel="noopener noreferrer nofollow" title="experts" href="https://thebittimes.com/tag/experts.html">experts</a> have shared their views of where the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of the flagship decentralized finance (DeFi) could end up by the end of this year.</p>
 <p class="paragraph">Indeed, since the beginning of 2024, the maiden crypto asset has raced by nearly 60%, primarily under the influence of a positive sentiment surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC), the upcoming halving, and more.</p>
 <p class="paragraph">Taking this optimism and other bullish factors into consideration, many finance analysts agree that Bitcoin could continue to grow its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> this year, with their predictions ranging between a modest $100,000, which would still represent a&nbsp;50% gain from its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, and a more confident $250,000 or a 275% rally.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-1-andy-bitcoinsensus-100-000">#1 Andy Bitcoinsensus: $100,000</h2>
 <p class="paragraph">Specifically, a renowned crypto analyst known as <em>Andy Bitcoinsensus</em> has recently shared his view that the Bitcoin <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> could hit at least $100,000 by the end of 2024, based on how the digital asset has been performing lately, as well as the anticipation of the halving event in the next six weeks.</p>
 <p class="paragraph">As he explained, referring to the Fibonacci golden ratio of 1.618:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“We are at least going to hit $100,000 here potentially this year. (…) The successful breakout of an all-time high will at least hit $100,000. (…) We take a look at the ATH at $69,000, the low of the bear market at $15,500, the 1.618 is sitting exactly at the $100,000.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-2-matt-hougan-200-000">#2 Matt Hougan: $200,000</h2>
 <p class="paragraph">Furthermore, the chief investment officer at crypto asset manager Bitwise, Matt Hougan, believes Bitcoin might skyrocket to $200,000 or even higher by the end of 2024 due to a “massive supply-demand dynamic,” as he told CNBC in an interview on February 29.</p>
 <p class="paragraph">According to Hougan:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I think there’s an even bigger wave coming in a few months as we start to see the major wirehouses turn on. But this has been Bitcoin’s IPO moment. It’s in a new era of price discovery and I think prices could go substantially higher from here.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-3-hunter-horsley-250-000">#3 Hunter Horsley: $250,000</h2>
 <p class="paragraph">Finally, Hougan’s colleague at Bitwise, CEO Hunter Horsley, has set his prediction even higher – at $250,000 – arguing that Bitcoin has proven its merits for 15 years but “was only accessible to some,” echoing his CIO’s sentiment of Bitcoin ETFs being its IPO moment.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Bitcoin is going to eat into gold's TAM faster than people expect. <br><br>$250k Bitcoin could happen much sooner than most who've followed the space for years would imagine.<br><br>Why? For 15 years, Bitcoin proved it's merits but was only accessible to some. <br><br>Bitcoin ETFs were Bitcoin's…</p>— Hunter Horsley (@HHorsley) February 28, 2024
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">At press time, Bitcoin was trading at $66,730, recording a slight pullback of 0.24% in the last 24 hours, but nonetheless growing 12.46% across the previous seven days, and adding up to the 54.95% gain on its monthly chart, according to the most recent data on March 6.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/06/daee0c066a70500382cd9bfcb03f42fe.webp" alt class="wp-image-159062" srcset="https://cdn.thebittimes.com/images/2024/03/06/daee0c066a70500382cd9bfcb03f42fe.webp 750w, https://cdn.thebittimes.com/images/2024/03/06/daee0c066a70500382cd9bfcb03f42fe.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, the above <a rel="noopener noreferrer nofollow" title="experts" href="https://thebittimes.com/tag/experts.html">experts</a>’ views might be correct, and Bitcoin could, indeed, reach their expectations, considering all the influences that they have factored in its advance. However, it is critical to carry out one’s own research and weigh the risks before investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/finance-experts-set-bitcoin-price-for-end-of-2024-tbt81747.html">https://thebittimes.com/finance-experts-set-bitcoin-price-for-end-of-2024-tbt81747.html</a></p>

Finance experts set Bitcoin price for end of 2024

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