Bitcoin: after breaking its all-time high, do crypto gurus think how high will it go?

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The bets range from US$100,000, US$200,000 or US$250,000, cryptocurrency experts put a price on BTC for the end of 2024.

After having reached its all-time high, several experts analyze #Bitcoin's potential for 2024 and, although it is difficult to put a ceiling on the largest cryptocurrency by marketcap, optimism in the industry is palpable.

A renowned cryptocurrency guru known as Andy Bitcoinsensus shared his opinion that the price of Bitcoin could reach at least $100,000 by the end of 2024. His analysis justifies this based on how the digital asset has performed lately, as well as in the anticipation of the next BTC halving.

Market projections

Likewise, the chief investment officer of crypto asset manager Bitwise, Matt Hougan, believes that Bitcoin could skyrocket to $200,000 or even more by the end of 2024 due to "massive supply and demand dynamics."

"I think there will be an even bigger surge in a few months. But this has been the time for the Bitcoin IPO. It's in a new era of price discovery and I think prices could rise substantially from here," he added. Hougan.

Finally, Hougan's colleague at Bitwise, CEO Hunter Horsley, set his prediction even higher - at $250,000 - arguing that Bitcoin has proven its merits for 15 years, but was "only accessible to some", becoming echo his CIO's view that Bitcoin ETFs will power the cryptocurrency.

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At the end of the year, what price will BTC reach?