#BTC🔥🔥 These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000

Commentators CNBC spoke to, both inside and outside of the cryptocurrency industry, have given various price predictions for bitcoin in 2024, ranging from $60,000 to $500,000.

Industry executives have called the start of a new bull run, mainly predicated on two things — the bitcoin "halving" and the potential approval of a bitcoin exchange-traded fund in the U.S.

2023 was marked by the conclusion of criminal probes against FTX and Sam Bankman-Fried as well as Binance and its founder Changpeng Zhao.

BITCOIN had a huge rally in 2023, with the digital currency up some 152% for the year.

And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to continue.