Bitcoin Price Prediction 2024: A Bullish Outlook – Experts Predict Over 100% Rise By 2025

Bitcoin has enjoyed an incredible start to 2024 that culminated in it passing the $50k mark for the first time since 2021. There are a lot of good feelings around the project at the moment, as the Bitcoin halving event is also just around the corner. However, it is always important not to get too carried away as we know how quickly things can change with crypto. Later in this piece, we will make a Bitcoin price prediction that is a bit more cautious compared to what we see from other experts predicting a rise of more than 100% by 2025. However, we first want to look at the Bitcoin Minetrix (BTCMTX) presale and how it could actually be a driving force behind Bitcoin’s success in 2024.

>>>You can buy Bitcoin Minetrix here<<

Bitcoin Minetrix- How this project can solve the Bitcoin mining problem

As we mentioned in the opening, many exports are focused on the upcoming halving event and the ETF’s progress when it comes to Bitcoin’s potential. However, there is reason to believe that Bitcoin Minetrix (BTCMTX), an altcoin currently going through presale, could be a driving force behind its future success.

We understand this is quite the claim, but Bitcoin Minetrix aims to change how not only Bitcoin is mined, but crypto in general. It has just passed the mark of $11 million raised and entered phase 26 of the presale. So, there is already a lot of buzz around the project.

The main goal of Bitcoin Minetrix is ​​to provide a cheaper and greener way to mine BTC. The main target for this project is the everyday investor who can no longer mine Bitcoin due to the cost. This is a major problem facing the mining industry along with environmental concerns.

In the beginning, before Bitcoin started, anyone with the technical knowledge would be able to mine Bitcoin. Now, ironically, Bitcoin has become a victim of its own success. Because of its popularity, mining is done almost exclusively in massive data centers that cost annual fees in the millions to operate.

>>>You can buy Bitcoin Minetrix here<<

Let’s not forget that at its core, crypto is supposed to be an anti-bank, anti-elite movement that gives everyone the same degree of control over their own assets. The fact that mining its number one currency is now an exclusive activity that only the rich can afford does not look good.

This is a problem within the crypto community, but the one possibly coming from outside crypto circles is much bigger. The spot Bitcoin ETFs have been hailed as groundbreaking progress for Bitcoin and the crypto industry as a whole. Wall Street’s biggest asset managers getting involved in crypto was the validation the market had been looking for since its inception.

However, with the good comes the bad, and this new step into the mainstream means the market is now under a microscope. We should not forget that many politicians want to try to limit the crypto market as much as possible. This is why the news that the US Department of Energy is demanding that crypto miners report their energy consumption for the next six months is alarming.

This came after a bItcoin price pump and just shows how much regulatory scrutiny Bitcoin is now going to undergo. It is likely that the results of this analysis will be used as a political football. This makes Bitcoin Minetrix’s success even more important after this announcement.

How Bitcoin Minetrix will use staking to secure cloud mining

Bitcoin Minetrix is ​​not the first project to try to solve the problem with Bitcoin mining. Cloud mining was originally supposed to be the solution that allowed everyone to mine again. This involves individuals entering into a cash contract with mining companies and then their mining time.

Unfortunately, the mining companies have resorted to cloud mining. They ask individuals for massive deposits and even after that they still make them give up a part of their returns. The whole process isn’t worth it, and that’s without worrying about the scammers, who unfortunately abound in the cloud mining landscape.

However, Bitcoin Minetrix realized that the cloud mining process is good in theory, it just needs some adjustments, they did this by adding staking to the mix. The staking part of the ecosystem means that individuals have complete control over the process and cannot be priced out of the market by mining companies.

How it works is that investors stake their BTCMTX as usual. They can earn rewards through a very high APY%, or they can exchange their game tokens for mining credits. These credits serve as a ticket to Bitcoin mining, as they can mine themselves or get a share of the proceeds. As we mentioned, the process is cheaper and greener than normal BTC mining. This could be what Bitcoin turns to in the future.

>>>You can buy Bitcoin Minetrix here<<

Bitcoin will likely continue to pump, but volatile days are still ahead

The Bitcoin chart above shows its performance for the past 30 days. As we can see, it was a great month for the market’s biggest project as it saw a massive 20% growth. As we already mentioned, this is as high as BTC has been since 2021. While we agree that the price is likely to continue to rise in 2024, we would also be cautious.

We have to remember, it was only this year that exports predicted that Bitcoin would reach an all-time high after the ETF filings were confirmed by the SEC. While it did pump up until the announcement after that, the price dropped drastically. Investors should keep this in mind for the halving event. It may be best to exit just before it starts and then buy back after the potential price drop.

Closure

Although we are bullish on Bitcoin’s future price, there can be a smart way to approach it to take advantage of potential volatility in its price, especially with Bitcoin Mientrix. The coin is still going through presale, but there is speculation about its potential performance in 2024.

Editorial C.

The Cointribune editorial team unites its voices to express themselves on themes specific to cryptocurrencies, investing, the metaverse and NFTs, while striving to answer your questions as best as possible.

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