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Bitcoin Price Predictions for 2024: Wall Street And Crypto Experts.
Prominent crypto researcher Layergg explores the intriguing yet unpredictable future of Bitcoin in 2024 in a recent tweet. Divergent opinions are held by a number of specialists from the crypto industry as well as traditional finance (Wall Street), including VanEck, Matrixport, Fidelity, Arthur Hayes, Ark Invest, and Bitwise. While some predict a possible decline to $36,000 or $32,000, others think Bitcoin will reach $70k to $150k.
2024 Bitcoin Prediction:
Bitwise $80,000
Fidelity $100,000
VanEck $70,000
Arthur Hayes $70,000
Franklin $150,000
While CTs are projecting 36K or 32K, major players are anticipating Bitcoin to reach the ATH.
Every day, Grayscale loses over $550 million; this is because, up until recently, the Grayscale Bitcoin Trust (GBTC) had a trading discount. According to analysts, a possible decrease in the selling pressure of GBTC may indicate a significant upswing in the price of Bitcoin.
Layergg suggests that ordinary investors think about using a "Hold through Dollar-Cost Averaging (DCA)" approach amidst forecasts of a decline to $36,000. Layergg draws attention to the difficulties in managing market swings and emphasizes the superior performance of long-term HODLers over day traders since 2017.
Right now, Bitcoin is down more than 3.4% on a weekly basis and less than 1.91% on a daily basis, trading at $41,003.
