Bitcoin at $80,000 in 2024—analysts predict a significant year for cryptoc...

Kabir903

According to analysts from AllianceBernstein, Bitcoin is expected to reach its all-time high in 2024, possibly reaching around $80,000 by the end of the year.

Analysts Gautam Chhugani and Mahika Sapra from AllianceBernstein believe that the potential for Bitcoin's price rise this year is primarily driven by three factors: the anticipated approval of a Bitcoin exchange-traded fund (ETF) by U.S. regulatory authorities, the upcoming "halving event" expected in April, and the continued growing demand from corporations. "We expect 2024 to be a breakout year for cryptocurrencies," the analysts wrote in their report.

The analysts also pointed out, The flow into Bitcoin ETFs may gradually increase, but applicants will strive to gain a leading position in this massive asset accumulation game, strengthening advertising and Bitcoin brand promotion, thereby generating a snowball effect.

Kahn332

This is also something to look into.

Pooja193

This game can be well managed independently, which is also very good.

Nimmi373

It is also possible that it will rise.