Bitcoin, the pioneer of cryptocurrency, has undergone a remarkable journey since its inception. Since its inception, Bitcoin has experienced significant price swings, attracting the attention of individual traders, large investors and the public.
In particular, Bitcoin’s price may rise due to increased adoption, its limited supply and the growing interest of institutional investors.
Various experts in the field, both individual and institutional, are positive about the price of Bitcoin moving towards the year 2024.
Cathie Wood CEO, Ark Invest ($1 million)
First, on the list, we have Cathie Wood, the CEO of ARK Invest, who predicts that Bitcoin could reach $650,000 in 2024 and $1 million by 2030. She is hopeful about a Bitcoin ETF and likes that Bitcoin will not go through a single entity is controlled like FTX.
If her predictions come true, Bitcoin could take over more than half of a huge $25 trillion crypto market, showing how important it could become globally.
Robert Koyosaki ($100K)
Further down the list we have Robert Kiyosaki. You may know him from “Rich Dad, Poor Dad.” He says Bitcoin won’t stop at $100,000 as he sees it potentially rising to $120,000 by 2024.
Ultimately, he believes this is due to the increasing decline in the US dollar and country’s shift to digital currency. It is as if he believes that Bitcoin can become even more valuable due to changes in regular money.
Adam Back Computer Scientist ($100K)
Next in the series, we have Adam Back, a computer scientist and a well-known figure in the Bitcoin community. He believes that Bitcoin can reach $100,000 by March 31, 2024.
His prediction highlights the crucial role of Bitcoin miners and the upcoming Bitcoin halving scheduled for April 2024. As per Adam, these events will have a major impact on the price of Bitcoin.
Mike Novogratz, CEO, Galaxy Digital ($500,000)
Let’s meet Mike Novogratz, a prominent Bitcoin advocate and CEO of Galaxy Digital. Back in 2021, he thought Bitcoin would reach $500,000 by 2024. But now he is adjusting his expectations. He still thinks Bitcoin will reach $500,000, just not as quickly.
He keeps a close watch on what some important person, Jerome Powell, says about interest rates. It’s like he’s saying, “Hold on, it might take a little longer for Bitcoin to reach the top again.”
Tim Draper Billionaire Investor ($250,000)
Tim Draper, another billionaire investor, earlier predicted that Bitcoin would reach $250,000 by June 2023. But now he thinks maybe it will last until 2025.
Ultimately, the reason behind such a shift is the US government, particularly the Securities and Exchange Commission (SEC). They’ve been a little hard on crypto companies, and that’s slowing things down for Bitcoin. But despite this, Draper still believes in Bitcoin.
Standard Chartered ($100,000)
Standard Chartered, the major investment bank, also throws in its forecast. However, they say Bitcoin could reach $50,000 by the end of 2023 and then rise even more to $100,000 by the end of 2024.
This is more than they said before, showing that they feel more positive about Bitcoin’s future. It’s like they’re saying, “Hey, Bitcoin, we see you going up even more!”
BitMEX CEO Arthur Hayes ($70K)
Arthur Hayes, the founder of BitMEX, has his opinion. He believes Bitcoin could rise to $70,000 by 2024, but that’s just the short-term view. His long-term picture is even more interesting. He imagines Bitcoin going to $1 million.
He talks about how there is only a limited supply of Bitcoin, and that makes people want it. Additionally, he looks at some big changes happening in the world that could make Bitcoin more valuable.
JP Morgan Investment Bank ($45K)
JP Morgan, the big investment bank, also has similar thoughts. Meanwhile, they predict that Bitcoin could reach $45,000 in 2024. That’s a bit more than it’s currently trading for, around $62,000.
Ultimately, they think that some investors see Bitcoin the way they see gold, and also consider the impact of the upcoming Bitcoin halving event scheduled for next April. It’s like they’re saying, “Watch Bitcoin, it might surprise you.”
Tom Lee Fundstrat CEO ($180K)
Let’s not forget Tom Lee, the CEO of Fundstrat. He sets the bar high, saying Bitcoin could rise to $180,000 by its 2024 halving.
This optimistic forecast is based on two major factors: the potential launch of a Bitcoin exchange-traded fund (ETF) and the historical influence of previous halving events on Bitcoin’s price.
Pantera Capital ($148K)
Finally, there is Pantera Capital, a major player in crypto asset management. They even believe that Bitcoin could rise to around $148,000 in its next four-year halving cycle, which is around April 2024, where the mining rewards are reduced by 50%, affecting the rate at which new Bitcoins circulate.
Closure
Meanwhile, these experts have differing opinions, with estimates ranging from $45K to $1000k. These diverse estimates show a positive outlook for Bitcoin, suggesting potential growth and continued importance in the financial world despite the market’s ups and downs.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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