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<p class="is-style-lead">Matrixport’s track record includes successful predictions, with two out of six already realized, underscoring the anticipation surrounding their latest forecast of Bitcoin reaching $50,000.</p> 
<p>According to a Dec. 21 post on Lookonchain, Matrixport forecasted a surge in Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) to $50,000 by January, posing the question of its likelihood. According to the web3 data analysis tool, Matrixport’s history includes six BTC price predictions, with two already being accurate.</p> 
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<p>One December 2022 prediction came true when Bitcoin was valued at $17,000. Matrixport predicted a 2023 target of $29,000, followed by a modest bull market as BTC surpassed $29,000 on April 11.</p> 
<p> You might also like: <a href="https://crypto.news/sec-met-multiple-spot-bitcoin-etf-applicants-on-dec-21/"> SEC met multiple spot Bitcoin ETF applicants on Dec. 21 </a> </p> 
<p>As December concludes, Matrixport awaits the outcome of its prediction of Bitcoin surpassing $45,000. The broader forecast includes BTC reaching $50,000 in January 2024, $63,160 by May 2024, and $125,000 by the end of 2024.</p> 
<p>Given the recent trend in&nbsp;<a href="https://crypto.news/sec-met-multiple-spot-bitcoin-etf-applicants-on-dec-21/" target="_blank" rel="noreferrer noopener">Bitcoin spot ETFs</a>, where various potential issuers engaged in discussions with the United States Securities and Exchange Commission (SEC) on Dec. 21, anticipation of a $50,000 Bitcoin seems reasonable.</p> 
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<p>This inclusive dialogue, involving prominent entities like BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale, raises expectations for streamlined approvals of spot Bitcoin ETFs in January.</p> 
<p> Read more: <a href="https://crypto.news/argentina-will-accept-bitcoin-for-contractual-agreements-new-minister-says/"> Argentina will accept Bitcoin for contractual agreements, new minister says </a> </p>

Matrixport forecasts Bitcoin to hit $50k in January

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