Recently, VanEck, a global investment manager with offices around the world, made a prediction about Bitcoin in 2024 that you should pay attention to.
VanEck expects the long-awaited US recession to finally arrive in 2024, but still predicts the approval of a bitcoin spot ETF and the halving event will boost bitcoin to high levels. all-time high in the fourth quarter.
Thus, in reality, the US will not avoid a difficult period of recession from 2024. That will have a huge impact on the#Bitcoinmarket.
However, Bitcoin was designed from the beginning to be a safe haven asset during economic downturns. Over the past 10 years, it has created a vast industry and achieved many fundamental achievements. Therefore, the US economic recession will likely cause more idle cash flow to move into the Bitcoin market as the market shows clear signs of growth.
After#BitcoinHalving2024, the Bitcoin mining reward will be halved from 6.25 BTC to only 3,125 BTC per mined block, which will have a huge impact on Bitcoin price. Typically, according to the historical data of the three previous Halvings, halvings have pushed BTC prices to all-time highs. This time, when the market has a lot of growth data, large money flows will certainly flow into Bitcoin and Bitcoin will once again reach a new ATH peak.
