• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Surge: End-of-Year Predictions Above $100,000

user avatar

by Giorgi Kostiuk

a year ago

Following Donald Trump's election as President of the US, Bitcoin has seen a significant surge, reaching new all-time highs. Analysts share their year-end projections, evaluating the cryptocurrency's future.

Historical Peaks and Lennix Lai's Opinion

Lennix Lai, Global Chief Commercial Officer at OKX, predicts that Bitcoin could exceed $100,000 by the end of 2024. He sees this as a signal of a new growth phase for the crypto industry.

We're seeing signals of a potential paradigm shift into the next growth phase for crypto.Lennix Lai

Other Analysts' Views

Other analysts like Tony Sycamore from IG Markets and Josh Gilbert from eToro also expect high Bitcoin prices by year's end. However, some, like Ki Young Ju from CryptoQuant, anticipate price decline.

This asset's run over the last two weeks has been like a freight train — it's going to take something big to slow it down.

Insights on Future Trends and Risks

Experts highlight that high volatility and macroeconomic risks could affect the market in the near future. Uncertainty due to global geopolitical events and changes in economic policy remains.

Overall, analysts expect Bitcoin to end the year at $100,000 or above, despite anticipated corrections and high volatility.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Foundation Unveils Developer Platform to Boost Blockchain Adoption

chest

The Solana Foundation has launched the Solana Developer Platform (SDP), an API toolset designed to help corporations and financial institutions develop blockchain-native products.

user avatarDavid Robinson

Gold Prices Plummet as Bitcoin Rises Amid Geopolitical Tensions

chest

Gold prices have dropped significantly as Bitcoin experiences a surge, reflecting shifts in investor sentiment during the ongoing US-Iran conflict.

user avatarAndrew Smith

Bitcoin Hashrate Drop Linked to Recent Price Movements

chest

A significant drop in Bitcoin's Hashrate was observed during the final week of January due to a snowstorm in the U.S., leading to a temporary decrease in Hashrate and a subsequent price crash.

user avatarZainab Kamara

Bitcoin Yardstick Indicator Shows Deep Undervaluation

chest

Charles Edwards discusses the current state of the Bitcoin Yardstick valuation indicator, indicating it is significantly undervalued.

user avatarJacob Williams

NYDIG Highlights the Role of STRC in Bitcoin Demand

chest

NYDIG emphasizes the importance of Strategy's STRC issuance as a new source of bitcoin demand, clarifying its misunderstood structure.

user avatarSon Min-ho

Bitcoin Depot Faces Regulatory Challenges and Revenue Decline

chest

Bitcoin Depot is facing regulatory challenges and has warned of a potential revenue decline of 30 to 40 percent this year due to increased scrutiny and ATM shutdowns in Connecticut.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.