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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.
In an April 20 tweet, Kiyosaki said he bought several currencies, citing their decentralized fiat nature. "Why? People support Bitcoin, not the Fed or the Governor; Bitcoin is the people's money and does not need help from the Fed or the government," he wrote.
In a recent report, Matrixport Research Director Marcus Thielen predicted that Bitcoin will reach $65,623 by April 2024. Bitcoin Bull Tim Draper Tells Yahoo! Bitcoin can grow to $250,000 annually. However, Draper has made the exact prediction for the past three years.
During past bitcoin rallies, predictions of higher prices were expected. Bitcoin could rise to $318,000 by the end of 2022, Citi analysts said in a February 2020 statement. However, Bitcoin ended last year at $16,500, down about 65%.
Most cryptocurrency investors believe that the upcoming "Bitcoin halving," which will cut rewards for Bitcoin miners by 50%, could be another trigger for Bitcoin's surge.
After Bitcoin (BTC) broke through $31,000 mid-month, the market's recovery has investors debating whether the bull market is back. Robert Kiyosaki, a loyal fan of Bitcoin and the author of the best-selling financial book "Rich Dad Poor Dad," also predicted last week that Bitcoin's rebound is not over yet, looking towards $100,000.
On the evening of the 24th, banking giant Standard Chartered Bank (Standard Chartered Bank) also made a similar prediction.
Standard Chartered: Bitcoin Could Hit $100,000 by the End of 2024
According to CNBC reports, Standard Chartered Bank stated in a report "Bitcoin-The Road to the Dollar" released yesterday (24th) that Bitcoin may rise to $100,000 by the end of 2024, and the bear market in the encryption market has ended.
Geoff Kendrick, an analyst at Standard Chartered Bank, believes that the turmoil at Silicon Valley Bank and other U.S. banks may lead to a consensus on Bitcoin's "decentralization, trustless mechanism, and scarcity": levels as we believe the proverbial "crypto winter" is finally over.
Observers Are Arguing About Bitcoin
Standard Chartered isn't the only firm bullish on Bitcoin's prospects in recent months. Robert Kisaki, best known for his personal finance book "Rich Dad, Poor Dad," recently predicted that Bitcoin would top $100,000.In an April 20 tweet, Kiyosaki said he bought several currencies, citing their decentralized fiat nature. "Why? People support Bitcoin, not the Fed or the Governor; Bitcoin is the people's money and does not need help from the Fed or the government," he wrote.
In a recent report, Matrixport Research Director Marcus Thielen predicted that Bitcoin will reach $65,623 by April 2024. Bitcoin Bull Tim Draper Tells Yahoo! Bitcoin can grow to $250,000 annually. However, Draper has made the exact prediction for the past three years.
During past bitcoin rallies, predictions of higher prices were expected. Bitcoin could rise to $318,000 by the end of 2022, Citi analysts said in a February 2020 statement. However, Bitcoin ended last year at $16,500, down about 65%.
Most cryptocurrency investors believe that the upcoming "Bitcoin halving," which will cut rewards for Bitcoin miners by 50%, could be another trigger for Bitcoin's surge.
After Bitcoin (BTC) broke through $31,000 mid-month, the market's recovery has investors debating whether the bull market is back. Robert Kiyosaki, a loyal fan of Bitcoin and the author of the best-selling financial book "Rich Dad Poor Dad," also predicted last week that Bitcoin's rebound is not over yet, looking towards $100,000.
On the evening of the 24th, banking giant Standard Chartered Bank (Standard Chartered Bank) also made a similar prediction.
Standard Chartered: Bitcoin Could Hit $100,000 by the End of 2024
According to CNBC reports, Standard Chartered Bank stated in a report "Bitcoin-The Road to the Dollar" released yesterday (24th) that Bitcoin may rise to $100,000 by the end of 2024, and the bear market in the encryption market has ended.
Geoff Kendrick, an analyst at Standard Chartered Bank, believes that the turmoil at Silicon Valley Bank and other U.S. banks may lead to a consensus on Bitcoin's "decentralization, trustless mechanism, and scarcity": levels as we believe the proverbial "crypto winter" is finally over.
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