#BullorBear #prediction... $BTC $ETH it appears to be a prediction chart for Bitcoin in 2024. Here's what the text says for each prediction:
Cathie Wood (ARK Invest): $1,000,000
Mike Novogratz (Galaxy Digital): $500,000
Tim Draper (American Investor): $250,000
Tom Lee (FundStrat): $180,000
It also shows predictions from four more people on the bottom, but does not say if they are completed:
Robert Kiyosaki (Rich Dad Poor Dad): $100,000
Adam Back (Block Stream): $1,000,000
Arthur Hayes (Bitmex): $45,000
Jamie Dimon (JP Morgan): $35,734
It's important to remember that these are just predictions, and the actual price of Bitcoin could be much higher or lower by the end of 2024. There are many factors that can affect the price of Bitcoin, including:
•Supply and demand: The price of Bitcoin is determined by supply and demand, just like any other asset. The supply of Bitcoin is capped at 21 million coins, which means that there will never be more than that in circulation. This scarcity could help to drive up the price of Bitcoin in the long run.
Regulation: Governments around the world are still trying to figure out how to regulate Bitcoin and other cryptocurrencies. If governments crack down on cryptocurrencies, it could cause the price of Bitcoin to fall.
Adoption: The more people who use Bitcoin, the more valuable it will become. If Bitcoin is widely adopted as a means of payment, it could become a major store of value, which could drive up the price.
News events: News events can also affect the price of Bitcoin. For example, if there is a major hack of a cryptocurrency exchange, it could cause people to lose confidence in Bitcoin and other cryptocurrencies, which could drive down the price.
It's important to do your own research before investing in Bitcoin or any other cryptocurrency. Remember, cryptocurrency is a volatile investment, and you could lose all of your money.
