Michael van de Poppe, a well-known cryptocurrency analyst, predicts that Bitcoin could reach $100,000 by the end of 2024. In his latest market commentary, he noted that Bitcoin's price is expected to rise significantly due to the upcoming Bitcoin halving event and possible macroeconomic factors. Van de Poppe believes that these factors will have a significant impact on Bitcoin's supply and demand, further driving prices up. According to his analysis, the halving event will lead to a decrease in Bitcoin's supply, while the continued growth of institutional investment demand may make the supply and demand relationship more tense, which in turn pushes up prices. In addition, he also mentioned that the uncertainty of the macroeconomic environment, such as inflationary pressures and monetary policy changes, may prompt more investors to view Bitcoin as a safe haven asset and increase Bitcoin allocation in their portfolios. Van de Poppe pointed out that the combination of these factors may push Bitcoin's price to between $60,000 and $100,000 by the end of 2024. Despite the volatility in the Bitcoin market, he emphasized that Bitcoin's potential remains huge in the long run.



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