Posted on December 5, 2024:
Industry leaders predict that Bitcoin could reach 150,000 by the end of the year.
What is the meaning? These projections (non-financial advice) highlight the strong confidence within the cryptocurrency community and suggest significant potential growth for Bitcoin, attracting more investors and general interest.
TLDR: The number increases.
Bitget COO Vugar Zade:
“I am very confident that very soon we will see an all-time high again and I am talking about an all-time high of between $90,000 and $100,000 in the next six months. I have a lot of confidence in it and I think it will be one of the things that will put Bitcoin back in the narrative of the big players.”
Wei Zhou, CEO of Coins.ph:
- Price prediction: $100,000
- Reasoning: Bitcoin ETFs, institutional and retail adoption.
“I think it will be $100,000 by the end of the year. I can see that it basically takes just one rally to get there. My positive argument for this entire cycle, over the next two or three years, is that I actually think it will be closer to $300,000. So my bullish argument for anything, if you have investment horizons of about five years. I think it will exceed a million.”
XD Academy CEO Lawrence Linker:
- Price prediction: $150,000
“I’m going to say 150 (thousand). I think we’re going to cross. I think we will cross 100 km sometime this year. My bull case is 150; If not, I think we will cross the 100,000 barrier, but maybe you already know, go back a little bit from there and get to 85 (thousand) something like that. But if the stars align, I think we will see one.”
The Whizkid Merchant, Joseph Lejarde:
- Price prediction: $80,000 – $100,000
- Reasoning: Macroeconomic factors.
“Based on macroeconomic factors, as long as oil prices remain below $80 and inflation declines, there is a high probability that Bitcoin will reach $80,000. $80,000 is still a conservative estimate; It is a small figure on the graph. “If the market performs exceptionally well, it will most likely reach between $90,000 and $100,000 by the end of the year, as long as commodity prices continue to fall.”
James Toh, Global Head of Business Development at Coinstore:
- Price prediction: $80,000
- Reasoning: buying pressure
“Buying pressure is typically higher due to the widespread deployment of ETFs. I think the chance of breaking the all-time high is actually greater than the chance of falling. Between $85,000 and $90,000 is something we can easily achieve.”
Olga Yaroshevsky, CEO and conference producer of AIBC:
- Price prediction: $80,000
“At the end of the year we will see what happens; Personally, I think bitcoin doesn’t need any more drama. I think it needs a little more studio development. By the end of the year, I would say $80,000 at most, which is not bad either.”
Co-founder of Museigen, Fermín D. Barrenechea III:
- Price prediction: Over $100,000
“I’m seeing bitcoins over a hundred thousand. Let’s look at Plan B; ‘Yung chart n’ya for the stock to flow In the model you will see that the $100,000 is actually conservative.”
However: Although the forecasts are positive, uncertainty and volatility persists in the market.
What to watch: Monitor macroeconomic indicators, regulatory developments, and technological advancements as these factors will significantly affect Bitcoin’s trajectory in the coming months.
Context and distance:
On March 14, 2024, Bitcoin rose to another ATH of $73,835.57. And recently, it also entered a new cycle after it was halved on April 20, 2024.
At the beginning of this yearInternational entities have shared their BTC price predictions for 2024.
- homeport: $125,000 by the end of the year.
- Bit by bit inversion: More than $80,000 after the ETF was launched.
This article is published on BitPinas: Bitcoin could hit $150,000 this year, industry leaders say
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