2024

Bitcoin ETF

Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>After Bitcoin rallied an impressive 150% in 2023, the crypto world is busy <a href="https://twitter.com/NateGeraci/status/1741657246948368850" rel="noopener noreferrer nofollow">speculating</a> what 2024 might hold for the flagship cryptocurrency.&nbsp;</p>
<p>As we step into the new year, a range of predictions from industry experts sets the stage for what could be another rollercoaster year. Experts ' forecasts are as varied as they are bold, from a conservative $60,000 to a staggering $500,000.</p>
<h2 id="from-cautious-to-sky-high-bitcoin-predictions-for-2024">From cautious to sky-high: Bitcoin predictions for 2024</h2>
<p>2024 is kicking off with a flurry of predictions for Bitcoin's price trajectory. Seasoned investor Mark Mobius pegs it at a modest $60,000 while other industry stalwarts like Bit Mining and CoinShares are a tad more bullish, with projections of $75,000 and $80,000, respectively.&nbsp;</p>
<p>The optimism doesn't stop there – Nexo, Standard Chartered, and academic Carol Alexander are all in the $100,000 camp.&nbsp;</p>
<p>Matrixport takes it up a notch with a $125,000 forecast. Meanwhile, venture capitalist Tim Draper continues to stand by his <a href="https://u.today/heres-when-bitcoin-might-hit-250000-according-to-tim-draper" rel="noopener noreferrer nofollow">$250,000 prediction</a>.&nbsp;</p>
<p>But the prize for the most bullish prediction goes to CoinFund, which has predicted that Bitcoin could soar to an eye-popping $500,000.&nbsp;</p>
<h2 id="a-potential-game-changer-for-2024">A potential game changer for 2024</h2>
<p>A major talking point for Bitcoin's potential growth in 2024 is the much-anticipated <a href="https://u.today/bitcoin-etf-approval-to-be-major-bullish-catalyst-saylor-says" rel="noopener noreferrer nofollow">approval</a> of a Bitcoin ETF. Michael Saylor of MicroStrategy fame sees this as a pivotal moment for Bitcoin, potentially the biggest Wall Street shake-up in decades.&nbsp;</p>
<p>With heavyweights like BlackRock and Cathie Wood's Ark Invest in the race to launch a Bitcoin ETF, the stakes are high. ETF analyst James Seyffart has earmarked early January as a critical window for possible SEC approval, setting the crypto community abuzz.&nbsp;</p>
<p>There's some caution among this optimism – analysts at CryptoQuant have warned of a possible "sell the news" scenario that could see Bitcoin prices plummeting to $32,000 post-ETF approval. However, Blockstream CEO Adam Back <a href="https://twitter.com/adam3us/status/1741453853898244446" rel="noopener noreferrer nofollow">believes</a> that this will not be the case.&nbsp;</p>

These Are Top Bitcoin (BTC) Price Predictions for 2024

Inhoudsopgave

U_Today

Andere artikelen gepubliceerd op 1 jan 2024

This Week, Can the SEC Make a Decision on Spot Bitcoin ETF Applications?

Countdown to Bitcoin Halving: Mining Companies Prepare for 2024 Event

Wall Street Goes Crypto: Goldman Sachs Chief Predicts Marketplaces Boom in 2024!

Three Top Altcoins Set for Massive Price Surges in the 2024 Bull Market

Meme Moguls’ (MGLS) Fast-Selling Presale and Dogecoin (DOGE) Whales’ Movement Triggers Speculatio...

Avalanche Move Towards $70, Everlodge to Get Users Passive Income

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!