🍃How high will Bitcoin go in 2024?🍃 “ETF approvals and th | Luka Aravinda on Binance Square

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🍃How high will Bitcoin go in 2024?🍃
“ETF approvals and the upcoming halving could make 2024 a record year for cryptocurrencies,” says Ben Weiss, co-founder of crypto ATM provider CoinFlip. “As such, I wouldn't be surprised if bitcoin breaks six figures.”

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🍃Can Bitcoin Reach $100,000 by 2024?🍃 The current year is the year of Bitcoin’s fourth #halving . It is expected to occur in the month of April. It forms the basis of #Bitcoin‬ ’s monetary policy and supports its increasing scarcity by cutting Bitcoin’s supply growth rate in half approximately every four years. At one point the supply growth rate of Bitcoin exceeded 10%, but it has been cut to about 1.75%. In the halving month, i.e. anticipated in the month of April, this year it will fall to just 0.85%. The BTC halving will continue until all the 21 million coins are mined, sometime in the year 2140. Currently, around 19.6 million BTC coins are circulated in the cryptocurrency market.

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