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
ETF issuer VanEck has multiple predictions for the crypto market in 2023 On the occasion of December 2022, ETF issuer VanEck published several predictions for the crypto industry in 2023. It said that volatility is the key word in the cryptocurrency world. With 2022 ending in the swift collapse and bankruptcy of countless exchanges, VanEck predicts that the financial disruption of cryptocurrencies will continue. Here are a few predictions from VanEck for the crypto industry in 2023: Prediction 1: Bitcoin continues to plummet Amid a wave of miner bankruptcies, the price of Bitcoin will drop to $10-12,000 in the first quarter of 2023, marking the low point of the crypto winter. The MVIS® Global Digital Asset Mining Index median market capitalization is now only $180 million, which means that almost all constituent stocks are burning cash and trading far below book value. VanEck expects many miners to restructure or consolidate their operations. On this occasion, miners can maintain their