Bitcoin Price Prediction 2024

“The road to $100,000 will be lined with unexpected potholes and double-digit declines as Bitcoin.” “While high prices are possible, not all investors will profit due to market volatility and the human tendencies of fear and greed.” That year, FTX, once one of the world’s largest cryptocurrency exchanges, filed for bankruptcy. In 2023, its founder Sam Bankman-Fried was found guilty of all seven criminal counts brought against him by federal prosecutors in the U.S.

Historically, halving has been seen as a great sign for bringing momentum to Bitcoin’s price. I actually doubt there can be such a huge drop down when I watch the current bitcoin price dynamics. Institutional investors have tentatively started putting their trust in Bitcoin and other cryptocurrencies.

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People who’re saying that BTC will hit $100k and more are totally gone mad. Of course, Bitcoin price after halving may skyrocket but such jump seems pretty impossible for me now. The most possible scenario is that Bitcoin price will increase steadily like LongForecast says. After all, the cryptocurrency market is incredibly volatile, and the question of crypto regulation remains uncertain. Considering the fact that Bitcoin’s price has already doubled its value several times in the past, it is possible. However, it would require another market-wide price surge and at least one trip to the moon.

One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01. If Bitcoin’s price crashes, then the values of other cryptocurrencies are likely to follow suit. Digital Coin Price predicts a gradual increase to nearly $140K in three years, with an average price of $90,733 in 2024, $99,421.76 in 2025, and $153,537.15 in 2026.

Meme coins like Doge and Pepe are skyrocketing alongside Bitcoin—the latest sign the crypto bubble is back

In June of 2023, BlackRock, the world’s largest asset manager, filed plans to start a spot exchange-traded fund (ETF) for BTC. Multiple other institutions followed suit, with WisdomTree, ARK Invest and others lodging https://www.tokenexus.com/bitcoin-future/ their first application or updating existing applications shortly after BlackRock’s announcement. Many investors view the halving event as one of the most significant factors that affects Bitcoin’s price.