Heading into 2024 crypto year: what are your hopes and fears?
2023 provided lots of mixed feelings especially from Q1-Q3 but the Q4 saw lots of sparkles as investors and traders alike who were hoping BTC could close the year at $35k saw the mother of crypto touch down $44.5k before the close of 2023. For me $SOL and BRC-20 tokens like $ORDI and $SAT gave me the surprise of my life. Am sure am not the only one in this category.
While I was assessing my gains and losses and strategizing on how to navigate through 2024, I came across an article from Gracy Chen, the M.D of Bitget highlighting the challenges and victories of 2023 while expressing her Optimism for the year 2024 especially with the possible approval of the blackrock Bitcoin spot ETF and I share her sentiment that 2024 could be another year for the moon boys.
I feel like going all in with my funds in preparation but am still a bit skeptical of unforseen circumstances, what are your thoughts? Do you think BTC could hit a record high of $100k as predicted by many analysts or one should thread with caution. Share your insights.
BTC ETF was approved yesterday and I share the sentiment of Gracy too. 2 years enduring the bear market has been challenging and it obvious we are about to reap from the endurance. ETF approval will impact BTC price and most alt and interestingly halving is also around the corner.
Well if SECS gives its approval for spot bitcoin ETF, analyst are saying it could catapult BTC to its old all time high and subsequently the halving come April could catapult it to a $100. As a holder i am optimistic of its outcome so i have already positioned my self by holding more BTC across Bitget, Binance and Bybit. Peradventure the SEC doesn't approve, then i will buy more BTC and altcoins once it dips. Cos the halving will eventually be a catalyst to bring in the bears.