$100,000 worth of Bitcoin by the year 2024? "Like a hawk" says expert on catalyst

After Bitcoin (BTC) reached its most recent all-time high of over $69,000, a sizeable segment of the market has increasingly seen the $100,000 level as the next probable milestone for the first cryptocurrency. This is because the market believes that the value of Bitcoin will continue to rise.

Discussions over the $100,000 target have revived as a result of the fact that Bitcoin is currently trading above the $60,000 support zone. Some market participants have projected that this milestone might be attained in the year 2024.

Taking this into consideration, cryptocurrency trading analyst Gareth Soloway has recognized a significant catalyst that has the potential to accelerate Bitcoin to the desired level. While speaking with David Lin for an interview that was published on March 2, Soloway emphasized the significance of keeping an eye on the liquidity of the market and said that an increase would be favorable to Bitcoin.

Investors should examine liquidity "like a hawk," as stated by Soloway, who emphasizes the possible impact that systemic changes in liquidity could have on the trajectory of Bitcoin.

It was Soloway who brought attention to the challenge that the Federal Reserve faces in managing monetary policy in the midst of record-high markets and inflation of about 3%. He noted that the Federal Reserve's reluctance to lower rates aggressively could have the effect of maintaining high inflation, which could potentially strengthen the rising trend of Bitcoin.

If there is a growth in the amount of liquidity in the system, then the possibility of Bitcoin reaching $100,000 in 2024 is not out of the question. Despite the fact that markets are at all-time highs, the Federal Reserve is unable to actually maneuver since any kind of increase in liquidity will keep inflation at a high level at all times. ...> There is a significant amount of liquidity in the system here. He advised, "Keep a close eye on it like a hawk."

Advantages of a tranquil market environment

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