Finder forecasts Bitcoin to average $88,000 in 2024, with potential for an all-time high post-halving.
Experts are divided, some foreseeing a $200,000 peak, while others caution against a speculative bubble.
The halving event is anticipated to drive prices higher by reducing supply.
Bitcoin ETFs are viewed positively, drawing in new investors and streamlining investment processes.
Long-term projections paint an optimistic picture, with the average analyst foreseeing a price of $220,708 by 2030
Experts anticipate Bitcoin to reach an average price of at least $88,000 (around €82,000) throughout 2024, with a potential stabilization near $77,000 by year-end. While peak projections vary, estimates range from $87,875 to a possible high of $200,000. Analysts also acknowledge the possibility of Bitcoin's lows dipping to $35,734, particularly in the wake of the halving event.
The 2024 Halving Event:
The impending BTC halving event, reducing miner rewards, historically triggers supply decreases and subsequent price surges. Experts are poised for significant price impacts, with 47% anticipating a new all-time high within six months post-halving. Furthermore, the introduction of spot Bitcoin ETFs is viewed as a significant catalyst, attracting interest from traditional finance and institutional investors.
Looking Towards 2030:
Despite bullish projections, concerns regarding Bitcoin's volatility persist, with some labeling it a "speculative bubble." Long-term forecasts indicate Bitcoin may reach $122,688 by 2025 and up to a staggering $366,935 by 2030. However, on average, analysts project a more conservative $220,708 by 2030. While the majority of experts (around 58%) suggest buying Bitcoin, 38% recommend holding, with only a small fraction (5%) advocating for selling.
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