Will Bitcoin's Price Skyrocket in 2024? 🚀
#Bitvavo CEO, Mark Nuvelstijn, believes that the supply and demand dynamics will prevent a market supply shock during the 2024 mining reward halving.
He anticipates that growing demand for Bitcoin will lead to price increases until supply matches demand. He’s not concerned about running out of #BTC to meet trading demands.
Nuvelstijn also discusses the potential impact of Bitcoin exchange-traded funds (#ETFs ) on its value and Bitvavo’s expansion plans.
This optimism aligns with a Standard Chartered analyst’s report predicting a BTC price of $120,000 by the end of 2023 due to growing institutional demand and increased mining profitability.
