Cryptocurrency experts say bull market could lead to $100,000 Bitcoin in 2024 | Posted by Crypto Beat | Coins | December 2023
In the dynamic world of cryptocurrency, industry executives are honking their horns, predicting an all-time high for Bitcoin in 2024, signaling the start of a new uptrend, with some predicting a massive valuation of $100,000. The surge in enthusiasm is driven by a number of factors, including the possible approval of a Bitcoin exchange-traded fund (ETF) in the United States and the Bitcoin halving scheduled for May 2024.
- Management’s optimistic attitude
- Positive development driven by passion
- Bold Predictions for Bitcoin in 2024
- ETF approval and mainstream adoption
- Inflation, monetary policy, geopolitical backlash
“2023 still appears to be a year of preparation for the upcoming bull market,” said cryptocurrency executives, with Pascal Gauthier, CEO of Ledger. But the sentiment for (2024) and 25 is very hopeful.” This optimism is shared by many who see 2024 as a year that could see significant growth in the cryptocurrency market.
Bitcoin has already experienced an incredible 120% rise this year, and many expect this surge to continue into 2024. The digital currency’s last record high of around $69,000 was reached in November 2021.
The cryptocurrency industry is facing numerous challenges, including exchange collapses and high-profile legal issues. The resolution of the FTX case and Binance’s settlement with the US Department of Justice are seen by many as the conclusion of two important issues that have plagued the markets.
David Marcus, CEO of Lightspark, sees the resolution of these cases as the end of the speculative phase in the cryptocurrency sector. Marcus, who previously worked on Facebook’s Diem stablecoin project, emphasizes the importance of shifting from speculation to building technology that solves real problems.