Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
The world of cryptocurrencies is buzzing with anticipation as analysts and experts announce bold predictions for cryptocurrencies. Bitcoin (Crypto: BTC) 2024.
what happened: Following an impressive 152% surge in 2023, the global cryptocurrency market is filled with optimism and enthusiasm for what's to come.
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According to a recent report from CNBC, a variety of factors are fueling this positive sentiment.
While 2022 was a difficult year, marked by the collapse of high-profile crypto projects and a liquidity crisis, 2023 brought important legislative developments to the forefront.
FTXOnce a major cryptocurrency exchange, it filed for bankruptcy and its founder, Sam Bankman Freedfaced federal charges in the United States
Similarly, Binance's Zhao Changpeng He pleaded guilty to criminal charges, resigned as CEO of the company, and settled a $4.3 billion lawsuit with the Department of Justice.
With these high-profile cases resolved, many crypto leaders see this as an opportunity to move forward and forget the challenges of the past.
Also read: Rocky road ahead for Bitcoin: Analysts warn of sharp price drop after ETF
With this renewed optimism in the crypto market, industry experts are predicting the beginning of a new bull market, driven primarily by two pivotal factors. These are the Bitcoin halving event, which occurs every four years, and the possibility that Bitcoin will be approved for public trading.us funds
Will Bitcoin reach $100,000 in 2024?
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In parallel, excitement is building around the possible approval of Bitcoin ETFs by the Securities and Exchange Commission.
These factors have led to various price predictions by cryptocurrency experts.
prominent business figures mark mobius We expect Bitcoin to reach $60,000 by the end of 2024.
Yang YouweiChief Economist of a Cryptocurrency Mining Company bit miningis even more bullish, predicting Bitcoin's all-time high of $75,000 in the same year.
james butterfillResearch Director coin sharepredicts that Bitcoin could reach $80,000 in 2024, subject to possible approval of a Bitcoin ETF and changes in macroeconomic conditions.
Antoni Trenchevco-founder of nexois particularly bullish, suggesting that Bitcoin could reach $100,000 in 2024, supported by the Bitcoin halving and ETF approval.
These predictions vary, but overall they reflect the growing optimism surrounding Bitcoin's prospects in 2024.
Many experts also predict significant price increases and the possibility of new all-time highs in the cryptocurrency market.
Read now: Bitcoin is poised to explode by more than 400%, says crypto analyst
This content is created in part using AI tools, and reviewed and published by Benzinga editors.
Photo via Shutterstock.
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
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