Bold Prediction: Bitcoin Set to Skyrocket to $100,000 by 2024

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This scarcity is one of the key factors driving the value of Bitcoin. As the supply becomes more limited, the demand for Bitcoin increases, leading to price appreciation. The previous two halving events, which occurred in 2012 and 2016, were followed by significant price rallies. In 2012, the price of Bitcoin increased from around $12 to over $650 within a year. Similarly, in 2016, the price surged from around $650 to nearly $20,000 in less than two years.

Long-established Chartered’s forecast of $100,000 by the end of 2024 is based on the assumption that history will repeat itself and that the next halving event will trigger another bull run. However, it is important to note that the cryptocurrency market is highly volatile and unpredictable. While Long-established Chartered’s prediction is based on careful analysis and market trends, there are no guarantees in the world of cryptocurrencies.



ETF Newz Says:

Despite the inherent risks, many investors and financial institutions are increasingly recognizing the potential of Bitcoin as a store of value and a hedge against inflation. The ongoing COVID-19 pandemic and the unprecedented monetary stimulus measures taken by central banks around the world have raised concerns about the long-term stability of traditional fiat currencies. As a result, more institutional investors are allocating a portion of their portfolios to Bitcoin and other cryptocurrencies.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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