By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only
How to choose a miner to get the most profit? The first thing a miner friend mines is how to choose the right miner rig. This involves several issues: When to buy miners, what price, and what type of miners. When to buy miners Bitcoin has an apparent bull-bear cycle. Buying miners is like buying coins. The timing of entry is essential. Miners' prices are often inflated when buying miners at the bull market's top. For example, the Antminer S9 was even sold at the end of 2017. Around $4,800. At this time, once you encounter a slump in the bear market, the payback will be indefinite. But if you buy miners when the bears are turning bulls, you can not only buy cheap miners, even miners whose cost prices have fallen below the cost. When the currency price rises in the subsequent bull market, the miners' income increases sharply, the payback time will be rapidly shortened, and the miner rigs' price will also increase. The price of Antminer S9 plummeted with the big bear mark