Famous venture capitalist Tim Draper made a very optimistic prediction for Bitcoin. According to Draper, Bitcoin will reach $250,000 in 2024.$$
There is almost less than 1 month left until we enter the year 2024. At this point, Bitcoin exceeded the $40,000 level it hit in April 2022 as of today's writing date. There are two important events for Bitcoin in the coming periods. The first of these is Bitcoin ETF application approvals of companies managing trillions of dollars of funds. The second event is even more important bitcoin halving. Bitcoin halves every four years. This event makes Bitcoin more difficult to mine. Bitcoin has always been bullish in these periods. Considering these events, famous expert cryptocurrency analysts shared their 2024 Bitcoin price predictions and comments. Here are those predictions.
Bitcoin Predictions for 2024
Bitcoin price Where will it go in 2024? Most experts think that Bitcoin will break the ATH record again in 2024 and rise to the top. Here are the Bitcoin price predictions we compiled by the market's most expert analysts.
1. Tim Draper: $250,000
Famous venture capitalist Tim Draper made a very optimistic prediction for Bitcoin. According to Draper, Bitcoin will reach $250,000 in 2024. Draper has been making pioneering speeches and comments for BTC since 2013.
2. Pantera Capital: $150,000
Pantera Capital predicts that Bitcoin will reach a price of almost $150,000 by the end of 2024. The company linked its prediction to the Bitcoin halving. Halving occurs every four years and reduces the reward to miners by 50 percent
3. Chartered Bank: $100,000
The multinational bank predicts Bitcoin will rise to $120,000. Miners' profitability is increasing, which means they have to sell less Bitcoin. The result of both: is less supply and potentially increased demand. The bank manages $800 billion worldwide
4th Adam Back: 100,000 USD
Back, One of the leading developers of Bitcoin. The developer says Bitcoin will exceed $100K in 2024. Back even assumes this will happen before the halving in April 2024
5. JPMorgan: $45,000
JPMorgan, one of the world's largest investment banks, states that Bitcoin will rise to the level of $ 45,000 in 2024. But now BTC has already reached $41,500. The reason is the increase in gold prices. Bitcoin has historically been associated with the price of the precious metal. However, here too, the halving is included as a positive catalyst. He had said that the future price in 2021 would be around $150,000.
Conclusion
As a result, there are generally upward predictions for Bitcoin in 2024. Almost every institution and analyst does not expect a decline for BTC in 2024. Now You Have It Sign Up Here and Start Your Bitcoin Investment.
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