Chinese experts predict the peak price of BTC in this cycle

Chinese experts have made optimistic predictions about Bitcoin (BTC) prices in the near future, with some suggesting that the currency could reach 125,000 USD by the end of 2024. According to data from Kalshi, the current betting market shows an 85% chance that Bitcoin will hit the 100,000 USD mark, with approximately 9% chance of exceeding 150,000 USD. However, although Bitcoin has not yet truly reached the 100,000 USD threshold, there is a consensus among experts that the issue is just a matter of time, not the ability to peak.

In addition, recent data on Bitcoin miners and ETF funds has led to more optimistic expectations regarding the final price that it could achieve. Although the cryptocurrency market has gone through numerous fluctuations, investor sentiment and the involvement of large institutions continue to create positive momentum for Bitcoin's price.