The date when the price of Bitcoin will overcome its historical maximum has been announced
Crypto expert Lai: Bitcoin price will soar to $100 thousand at the end of 2024
The cost of one bitcoin will overcome the historical maximum - $70 thousand - and reach $100 thousand at the end of 2024 - the first half of 2025. Lennix Lai, commercial director of the OKX crypto exchange, gave this forecast to Gazeta.Ru, commenting on the latest cryptocurrency highs.
âLike any other asset, Bitcoin does not have a clearly defined value limit - its rate is formed based on market conditions, the ratio of supply and demand, the interest of market participants in cryptocurrencies and under the influence of macroeconomic factors.
The current year 2024 is generally expected to be favorable for cryptocurrencies. The first growth factor is the approval of spot exchange-traded funds linked to the value of Bitcoin (Bitcoin ETF), which occurred in January,â the expert explained.
The second factor is the halving of miners (cryptocurrency miners), which will take place in April 2024.
