Bitcoin is witnessing a historic bull run in 2024, as it approached the $100,000 barrier by recording a new record high of $99,655 on November 22, supported by the launch of… Exchange Traded Funds (ETF) in January.
The Singaporean research company expects 10x Research Bitcoin will exceed $100,000 by January 2025, indicating a shift in investor interest from decentralized finance to considering Bitcoin “digital gold.”
Institutional demand is growing rapidly, with Bitcoin ETF assets exceeding $101 billion, with BlackRock alone holding $45 billion. Analysts expect these funds to soon hold more than 1 million Bitcoins.
Bitcoin's future depends on two main factors: the Federal Reserve's rate-cutting cycle that began in September, the re-election of Donald Trump, who promised to support cryptocurrencies, and the dismissal of Securities Exchange Chairman Gary Gensler.
In the long term, Matt Hogan, chief investment officer at… BitwiseThe price of Bitcoin will reach $250,000 by 2028, while it is expected Coinshares Lowest price at $133,000.
But it must be remembered that financial markets are unpredictable, and investment must be done with caution and after careful study.
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