The approaching #халвинг and bullish momentum have given experts confidence in the bright future of the first cryptocurrency. It is not excluded that by the end of 2024 the cost of Bitcoin will be above $90,000.
What do people from the industry think about the price:
American entrepreneur, co-founder and former director of the BitMEX cryptocurrency exchange, Arthur Hayes, reached a new level of forecasting and named the exact date for the start of the explosive growth of the price of Bitcoin - March 23, 2024. He believes that the bullish trend in the cryptocurrency market is just beginning; 2024 will be an unstable year, but by the end of it, financial markets will reach an all-time high.
A longer-term forecast for the price of Bitcoin was given by the founder of Adamant Capital. He suggested that by 2026 the price of Bitcoin will be between $200,000 and $600,000. Skybridge Capital founder Anthony Scaramucci also believes that Bitcoin will continue to rise. Although he did not give an exact forecast for the price of BTC, Scaramucci is confident that the increase in the number of addresses in the Bitcoin network and the rapid growth of BTC popularity around the world is also a powerful catalyst for growth.
Back to the past When recalling the negative forecasts for the price of #BTC, it is impossible not to mention Jim Cramer. This well-known crypto-skeptic, TV presenter and founder of the hedge fund Cramer & Co, predicts the collapse of Bitcoin year after year and says that he would sell all the coins if he had them. Despite the bull market, at the beginning of March Cramer again could not resist and said that the #биткоин rate had already reached its peak, and it was hardly possible to expect further growth of the first cryptocurrency.
That day, the Bitcoin rate reached a new historical high, and then fell below $59,500 (at the time of writing, BTC is trading above $66,000). In January, Cramer announced the peak price of Bitcoin at $47,000.
Recently, experts from the research company 10x Research modeled the movement of the Bitcoin rate in the coming weeks and came to the conclusion that the first cryptocurrency will fall in price to $52,000.
Investment bank #JPMorgan analysts also suggest that a fall in the Bitcoin rate is inevitable. They believe that after the halving, which will take place next month, the price of BTC will drop to $42,000. In January this year, the founder of Colorways Ventures and The Consensus, Kiarash Hosseinpour, said that strong pressure on the market value of Bitcoin is expected in January-June due to the likely sale of assets by large holders of the first cryptocurrency. He was careful not to name the exact price of Bitcoin, and perhaps rightly so - his prediction had three months left to come true.
Most of all, community members were waiting for the current BTC price forecast from JPMorgan CEO Jamie Dimon, who has repeatedly called not to invest in Bitcoin. However, in January of this year, right before the start of the bull market, Dimon said that he would no longer talk about the first cryptocurrency.
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