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

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Tesla to Enter Settlement Negotiations Over Racial Harassment Allegations

Tesla has agreed to participate in private mediation with the US Equal Employment Opportunity Commission regarding allegations of racial harassment at its California factory.

Andrew Smith4 minutes ago

MARA Holdings Maintains Strong Bitcoin Treasury Amidst Competition

MARA Holdings maintains one of the largest Bitcoin treasuries, holding over 55,000 BTC, positioning itself as a strong competitor in the Bitcoin mining industry.

Jacob Williams13 minutes ago

ApeCoin APE Shows Mild Correction Amid Low Volume

ApeCoin APE is trading down 1.63% in the last 24 hours, currently priced at 0.02072. Despite this mild correction, the project maintains a steady community of approximately 1859K holders.

Zainab Kamara22 minutes ago

MicroStrategy Acquires Largest Amount of Bitcoin in Half a Year.

MicroStrategy has announced a significant acquisition of Bitcoin, purchasing 13,627 BTC for approximately 125 billion, marking its largest purchase in nearly six months.