Bitcoin Could Hit $124,000 by End of 2024: ARK Invest

ARK Invest’s forecast suggests that Bitcoin could hit $124,000 by the end of 2024 if it continues on its current growth trend. Cathie Wood, founder of ARK, emphasized that Bitcoin is in a strong growth phase and could be driven by changes in regulatory policies as well as market pressure. If Bitcoin continues on its current trajectory, the price is expected to fluctuate between $104,000 and $124,000 by the end of 2024, which is in line with other market trend analyses. In addition, factors such as the development of Bitcoin ETFs and block reward reduction events (halvings) are also important catalysts that could boost Bitcoin prices in the near future. With these factors, the possibility of Bitcoin reaching $124,000 by the end of 2024 becomes more feasible in the current market context.