BTC may hit an all-time high in 2024.

Indra55

In the summer of 2023, BlackRock Inc., the world's largest asset management company, initiated the latest wave of applications for a Bitcoin spot ETF. Following this, other heavyweight asset management institutions like Fidelity also joined the fray. In August 2023, Grayscale Investments legally achieved a victory, which can be seen as opening the door for the approval of a Bitcoin ETF.

In 2024, the Bitcoin price may hit a historical high
In 2024, the record high Bitcoin price of $69,000 is likely to be surpassed. Some industry executives firmly assert that a new Bitcoin bull market has begun, primarily based on two significant events: the Bitcoin "halving" and the strong possibility of approval for a Bitcoin spot ETF in the United States.

James Butterfill, Director of Research at CoinShares, suggests that the outlook for cryptocurrency assets will undergo "significant changes" in 2024, driven by the potential approval of a Bitcoin ETF by the SEC in the United States. He stated in a media interview, "This long-awaited development will expand the investor base for cryptocurrency assets and integrate them more closely with traditional financial markets."

"There are forecasting data indicating that a 20% increase in investments (approximately $3 billion) from the assets currently managed by asset management institutions could potentially push the price of Bitcoin to $80,000," Butterfill added. At the same time, he noted that global expectations of central bank interest rate cuts could also play a "decisive role" in driving up the price of Bitcoin.

Jafar224

Achieving a new high is very likely.

Isha000

There's no problem with the performance.

Ritu13

It seems there is a continuous possibility of reaching new highs.

Yamini003

Looking at this performance, there's nothing to worry about.