WHAT ARE YOUR THOUGHTS CONCERNING BITCOIN ??
Bitcoin ($BTC ) has had a strong 2024, climbing past many price milestones—including $100,000—as a confluence of factors drove up investor confidence in the leading cryptocurrency.
It all started with demand associated with the spot bitcoin exchange-traded funds (ETFs) that began trading in January, followed by the excitement of a halving that limited supply of new bitcoin and then the hope for crypto-supportive policies after the reelection of Donald Trump, seemingly reinforced by several of his post-election appointments.
While the Federal Reserve's latest projections for cutting interest rates next year shook the crypto markets, some of the aforementioned reasons for optimism remain on the table—though if the Fed slows its rate-cutting campaign, experts say, Treasury yields could remain elevated, shifting investors away from bitcoin and other risk assets.
That's why some analysts remain bullish on bitcoin—but warn of volatility ahead.