Bitcoin is confidently predicted to grow to $1,3000 by the end of 2024
End of Year Price Forecast Young notes a continued increase in coins in Bitcoin ETFs, recording an average daily inflow of 4193 BTC, equivalent to $176 million in new net capital la.
To improve the accuracy of his forecasts, Young adjusts this figure to $150 million per day, evenly distributing it over 20–23 trading days of each month.
He also used a more conservative 50x multiplier, as opposed to the original 118x or 100x. This conservative approach yields an estimated monthly BP of $8,000, which projects that the end-of-year target will be achieved at a minimum $131000 per bitcoin.
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