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
Will Bitcoin be a good investment in 2023? As a digital property, Bitcoin has experienced many ups and downs. For those who are optimistic about the prospects of Bitcoin, is 2023 a good investment opportunity? In the following paragraphs, we will explore this question from several perspectives. Will Bitcoin Maintain Its Lead? From the market value perspective, Bitcoin has always been at the top of the digital currency market. But will bitcoin be able to maintain its lead in the face of the rise of altcoins such as Ethereum and litecoin? Undoubtedly, Bitcoin has long been a member of the digital currency market. In the past few years, whether it is through Bitcoin mining or purchasing and other channels to obtain Bitcoin, millions of people are already involved in Bitcoin transactions. Considering its current improvements related to core technology, as well as good community support, Bitcoin will continue to maintain its leading position in 2023. As one of the representatives of blockc