Is a $100,000 Bitcoin Price Prediction Realizable? Witness the Stratospheric Rise of the $8 Million Alternative!

Investors will be hoping that Bitcoin (BTC) started as it means to continue in 2024. After a great 2023, in which crypto’s number one token regained much of its value, it started this year on the front foot. This is likely driven by potential Bitcoin ETF approvals that could come later this week.

There are many experts, including some at the investment bank Standard Chartered, who have predicted that the bitcoin price will reach the $100,000 mark by the end of 2024. It will not only break the previous high that Bitcoin set 3 years ago, but absolutely crush It.

While most pundits are focusing on the upcoming Bitcoin halving event and possible ETF approvals, there is another upcoming project that could help Bitcoin pump to $100k. Bitcoin Minetrix (BTCMTX) aims to solve a major problem currently plaguing the mining of crypto’s number one token.

So before we get into Bitcoin’s price prediction, let’s take a look at the pre-sale which has had a stratospheric rise since it started.

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Bitcoin Minetrix- Its meteoric pre-sale rise indicates its great potential

The Bitcoin Minetrix (BTCMTX) presale is just about to reach $8 million, which is a very impressive amount for a seemingly niche crypto. However, if readers are thinking, ‘I don’t mine Bitcoin, I don’t need this project,’ we would ask the simple question, do you like profit? Because it looks like if you invest in this project now, that’s what you’ll get.

This is because once this project starts and the market sees that it is a cheaper and greener way to mine Bitcoin, it will attract all kinds of attention. Before we get into the solution that Bitcoin Minetrix offers, let’s first look at the problem.

Bitcoin is crypto’s number one token. It should therefore represent the values ​​of crypto, which is an anti-bank, decentralized movement intended to empower the individual investor to have control over their assets. When it first started, Bitcoin mining could be done by anyone, but that has changed.

Ironically, it is Bitcoin’s explosion in popularity that has caused the problems we are currently seeing. As we know, the mining of Bitcoin is a controversial topic as it is now a process that takes place in warehouse-sized data centers that require the energy of a small town to operate.

This obviously costs a large amount of money to operate, and since Bitcoin is now mined almost exclusively at this level, it has eliminated 99% of the market from possibly participating in the process. The original solution to this is thought to be cloud mining. While this is a good idea in theory, it didn’t work out as planned.

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How Bitcoin Minetrix Adds Strike to Cloud Mining to Save the Day

Cloud mining involves individuals entering into cash contracts with rental companies to participate in the mining of Bitcoin. However, greed made it work as the companies charge massive deposits and claim a share of the returns. There are also a large number of scammers in this sector, so it’s a broken system.

Bitcoin Minetrix realized that the idea of ​​cloud mining is a good one, but it needs some adjustments. They added input to the mix to create a process where the individual who wants to mine is in control every step of the way.

The project calls the process stake-to-mine. The strike part is crucial for the entire ecosystem. As usual with strike, investors can enter and unwind at their own will, they can also hold their game tokens and earn a passive income from a generous APY%.

The third option is that they can exchange their game tokens for mining credits. These credits and non-exchangeable ERC-20 tokens have one function: to be burned in exchange for mining time or a share of the proceeds.

The whole process is smooth and, most importantly, gives potential miners control over every step of the way. As we mentioned above, it is also a cheaper and greener process compared to traditional mining. This project is likely to not only pump itself but also help Bitcoin reach new highs in 2024.

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Is it really possible for Bitcoin to reach $100k in 2024?

Above is Bitcoin’s (BTC) performance chart for the past year. From start to finish it shows more than 170% growth. If Bitcoin were to have a similar 2024 to last year, it would mean not only reaching $100k, but far surpassing it. Since Standard Chartered also predicted that Bitcoin will reach $200k in 2025, this would match their prediction.

2023 was a year of recovery for Bitcoin, but 2024 could be a year when it reaches new highs. As some experts have noted, Bitcoin has followed a pattern of growth and loss since its inception, and if history repeats itself, it will mark a new all-time high in 2024.

While 2023 was a great year for the market’s number one currency, there were not many significant developments, and its growth had more to do with the general market recovery. With the halving event and possible ETF approval on the horizon, there are many more potential positive stimuli for Bitcoin.

Standard Chartered are not the only experts predicting a big year for Bitcoin. Forbes also provided evidence suggesting that a record high is just around the corner. While we can’t say for sure what will happen, with all the positive feelings surrounding the currency as well as credible experts backing the $100k prediction, we have to say things are looking good.

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Closure

Let’s end with this: Both Bitcoin and Bitcoin Minetrix represent different but very good investment options. Bitcoin is a long-term option as it is likely to continue to grow with not too much concern about volatility, Bitcoin Minetrix, on the other hand, is a low market cap coin that could explode in 2024 and give investors a substantial return .