Good morning, I want to participate in this fantastic initiative by Binance to promote quality content on Square.

My price prediction for the BTC/USD pair at the end of December 2024 is $96,000.

I base this estimate on the following factors:

- Despite the fear of the US economic recession and the panic generated by the Japanese government's interest rate hike, the crypto market has recently shown great strength and has recovered very quickly.

- The adoption of cryptocurrencies by institutions, as well as their practical uses, is constantly increasing. Recent evidence of this is, for example, the management of vehicle registrations by the state of California through the Avalanche network, the integration of cryptocurrencies into multiple payment platforms, etc.

- Cryptocurrency trading is increasingly regulated. Governments that were once reluctant to use and trade are now beginning to legislate because they have begun to see the real impact of cryptocurrencies, beyond fraud or mere speculation.

A recent test is the European MICA law that refers to trading with stablecoins. Governments regulate and exchanges must adapt to continue operating.

I have been directly affected by this law and I must say that Binance has integrated the regulations very satisfactorily and has facilitated digital trading and conversion between various stable coins without commissions.

- The hatchet between the American government and Binance has been buried. Yes, CZ has paid the price, but it has managed to clean up the image not only of Binance but has also transmitted a very strong message to society showing that a great effort is being made to comply with the laws in each of the countries.

- The BTC and ETH ETFs... little more to add to this event and the best is yet to come.

There are so many reasons to be bullish in the medium and long term that I'm running out of room!