Bitcoin (BTC)
The main asset of the crypto market remains unchanged, says ENCRY Foundation co-founder Roman Nekrasov. Bitcoin is the primary favorite among investors. The launch of spot Bitcoin exchange-traded funds (ETFs) in January 2024 has strengthened the position of the first cryptocurrency on the list of assets worthy of attention not only from retail but also institutional investors.
The gradual influx of institutional capital—since institutions are characterized by conservatism and therefore did not immediately rush to buy the new asset in January 2024—will support Bitcoin and become the main driving force of its price in the coming years. Against the backdrop of easing monetary policy in the USA, the flow of institutional capital into Bitcoin will only increase, so by the end of 2024, we can expect a new historical maximum and the achievement of a significant milestone at $100,000. This will also be supported by pre-Christmas consumer activity, which traditionally positively affects the crypto market.
