Bitcoin Price Prediction for 2024: What the Experts Say
As we approach 2024, many experts have made predictions about the future of cryptocurrencies. According to CoinMarketCap, some of the top crypto predictions for 2024 include:
New all-time-highs (ATHs) for Bitcoin: Bitwise believes BTC could go above $80,000, spurred on by the halving and the historic launch of spot Bitcoin ETFs, which will finally make Bitcoin a mainstream investment option for everyone .
Bitcoin ETFs will be the most successful launches of all time: According to the firm’s internal research, ETFs could capture 1% of the $7.2 trillion U.S. ETF market, or $72 billion, within five years .
Coinbase could shock the market with its earnings: Bitwise believes the U.S. based exchange will beat Wall Street forecasts of revenue growth by at least a factor of 10 .
Volume of transactions via stablecoins will surpass those by Visa: The firm predicts that stablecoins, one of crypto’s “killer apps,” will see an increased role in daily finances, even surpassing financial payments giant Visa .
In addition, VanEck predicts that by 2024, Bitcoin will be worth $400,000 .
Based on the historical price movements of Bitcoin and the BTC halving cycles, the yearly low Bitcoin price prediction for 2024 is estimated at $29,171. Meanwhile, the price of Bitcoin is predicted to reach as high as $148,893 next year .