The debt crisis will drive people to use Bitcoin.

Kamal531

Castle Island Ventures co-founder and Coin Metrics co-founder Nic Carter still predicts that Bitcoin (BTC) will reach six figures this year amid the looming debt crisis.
In a recent interview with Kitco News, Carter stated that despite recent market corrections, Bitcoin is "undeniably" poised to potentially reach $100,000 by 2024.
"On the first day of this year, I thought Bitcoin was trading around $30,000, possibly $40,000. I predicted at some point this year it would hit $80,000. Just recently, we've come very close to hitting that target. $100,000 this year is definitely not out of the question," Carter said when asked if $100,000 by 2024 is still his target price.
"Oh, absolutely, no question. As we look forward two to three years, I'm very, very constructive on Bitcoin's price. I think Bitcoin's thesis has been validated. I think, with the approval of ETFs (Exchange-Traded Funds), it really has institutional validation from the Securities and Exchange Commission (SEC) in the United States. We're now seeing other jurisdictions approve ETFs. I think Hong Kong will approve soon," Carter said.
Carter also mentioned reasons why he is bullish on Bitcoin, including its ability to serve as a safe haven for investors amid rising national debts and high inflation.
"Bitcoin does indeed separate itself from the rest of the crypto economy. There are other positive factors, such as the emergence of new second-layer networks on Bitcoin, which is very exciting and allows it to reach the same level of technicality as Ethereum. Therefore, the Bitcoin network itself is being upgraded in real time," he added.
"The fundamental issue here is that developed countries, especially the United States, are facing an impending debt crisis. I think we're going to face currency repression. We're going to face yield curve control, high inflation, and variable currency inflation, and people will look for safe havens and other asset classes," Carter continued.
Bitcoin is now approved as an asset class, with efficient tools, and anyone who wants to use it in the United States can use it. So, regardless of the short-term whirlwind related to halving, this fundamental trend has not changed.

Iravan774

More and more people will use Bitcoin, won't they?

Kahn332

Bitcoin is still very useful.

Pooja193

Once it falls, it's hard to rise again.