Bitcoin Price Prediction 2024: Expert Predictions

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Bitcoin, the pioneer of cryptocurrency, has had an incredible journey since its creation. Bitcoin has experienced significant price fluctuations since its inception, capturing the attention of individual traders, major investors, and the public.

Bitcoin’s price could soar due to increased adoption, limited supply, and increased interest from institutional investors.

Several experts in the field, both individuals and institutions, are optimistic about the Bitcoin price moving into 2024.

Cathie Wood CEO Ark Invest ($1 million)

First on the list is Cathie Wood, CEO of ARK Invest, who predicted that Bitcoin will reach $650,000 in 2024 and $1 million in 2030. She is hopeful about Bitcoin ETFs and likes that Bitcoin is not controlled by a single company such as: FTX.

If her prediction comes true, Bitcoin could account for more than half of the massive $25 trillion cryptocurrency market, which would show how important Bitcoin could become globally.

Robert Koyosaki ($100,000)

Additional lists include Robert Kiyosaki; <부자아빠 가난한 아빠>You may know him from . He said he would not stop at $100,000 because he sees Bitcoin likely to surge to $120,000 by 2024.

After all, he believes it is due to the increasing decline of the US dollar and the country’s transition to digital currencies. It’s as if he believes Bitcoin could become more valuable due to changes in regular currencies.

Adam Back, computer scientist ($100,000)

Next in the lineup is Adam Back, a computer scientist and well-known figure in the Bitcoin community. He believes Bitcoin could reach $100,000 by March 31, 2024.

His prediction highlights the important role of Bitcoin miners and the Bitcoin halving scheduled for April 2024. According to Adam, these events will have a major impact on the price of Bitcoin.

Mike Novogratz, Galaxy Digital CEO ($500,000)

Now let’s meet Mike Novogratz, a prominent Bitcoin advocate and CEO of Galaxy Digital. In 2021, he thought Bitcoin would reach $500,000 by 2024. But now he’s adjusting his expectations. He still thinks Bitcoin will reach $500,000, but not that fast.

He is closely watching what several important figures, including Jerome Powell, are saying about interest rates. It’s as if he’s saying, “Wait a minute. It may take a little longer for Bitcoin to get back to the top.”

Tim Draper, billionaire investor ($250,000)

Another billionaire investor, Tim Draper, previously predicted that Bitcoin would reach $250,000 by June 2023. But now he thinks it will probably take until 2025.

Ultimately, behind these changes is the U.S. government, especially the U.S. Securities and Exchange Commission (SEC). They have taken a bit of a harsh stance on cryptocurrency companies, which is slowing things down for Bitcoin. But despite this, Draper still believes in Bitcoin.

Standard Chartered ($100,000)

Standard Chartered, a large investment bank, is also providing an outlook. However, they are saying that Bitcoin could reach $50,000 by the end of 2023 and rise further to $100,000 by the end of 2024.

This is more than they have previously said and shows that they feel more positive about Bitcoin’s future. It’s like saying, “Bitcoin, I see you going higher!”

Arthur Hayes CEO BitMEX ($70,000)

Arthur Hayes, founder of BitMEX, shared his views. He believes Bitcoin could reach $70,000 by 2024, but this is only a short-term view. His long-term prospects are even more interesting. He envisions Bitcoin rising to $1 million.

He’s talking about how limited supply of Bitcoin makes people want Bitcoin. Plus, he’s looking at some big changes happening in the world that could make Bitcoin even more valuable.

JP Morgan Investment Bank ($45,000)

JP Morgan, a large investment bank, has similar thoughts. Meanwhile, they predict that Bitcoin will reach $45,000 in 2024. This is slightly higher than the current trading price of $62,000.

After all, they believe some investors view Bitcoin like gold, and are also considering the impact of the Bitcoin halving event scheduled for April next year. It’s like saying, “Watch Bitcoin carefully. You might be surprised.”

Tom Lee Fundstrat CEO ($180,000)

Let’s not forget Tom Lee, CEO of Fundstrat. He is setting the bar high, saying Bitcoin could rise to $180,000 by the halving in 2024.

This optimistic forecast is based on two main factors: the possible launch of a Bitcoin exchange-traded fund (ETF) and the historical impact that previous halving events have had on the Bitcoin price.

Pantera Capital ($148K)

Lastly, there is Pantera Capital, a major player in cryptocurrency asset management. They even believe that Bitcoin could rise to around $148,000 around April 2024, the next four-year halving. In this cycle, miner rewards are reduced by 50%, affecting the speed at which new Bitcoins enter circulation.

conclusion

Meanwhile, these experts have varying opinions ranging from $45,000 to $1,000,000. These various estimates show a positive outlook for Bitcoin, suggesting its potential growth and continued importance in the financial world despite market ups and downs.