How Well-Known Names’ Bitcoin Price Predictions for 2024 Came True? Here’s a Compilation of Predictions While crypto executives are rarely pessimistic, some have taken a more cautious stance on Bitcoin’s 2024 trajectory. Arthur Hayes, co-founder of BitMEX and head of the Maelstrom Fund, predicted in late 2023 that Bitcoin would climb to around $70,000 by the end of 2024. Meanwhile, analysts at VanEck and Bitwise, without committing to exact figures, predicted that Bitcoin would reach new all-time highs.By the fourth quarter of 2024, Bitcoin did indeed surpass its previous highs, breaking through the $100,000 mark for the first time. While Hayes downplayed the bull run, his broader outlook remained optimistic, with predictions that Bitcoin could reach $750,000 to $1 million by 2026.Known for his relentless bullishness, Tim Draper has long been a proponent of Bitcoin’s potential to explode. In 2018, he claimed that Bitcoin would reach $250,000 by 2022. When that didn’t happen, he extended the timeline to 2023, then 2024, citing momentum from the launch of Bitcoin spot ETFs as a key driver. By November, Draper had revised his forecast again, predicting $120,000 by December 2024.

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