With bitcoin hitting new highs, it’ll likely reach the US$100,000 milestone before 2024 is out

Posted under: Fintech
Date: 2024-03-19
With bitcoin hitting new highs, it’ll likely reach the US$100,000 milestone before 2024 is out

Cryptocurrency prices, particularly Bitcoin, have surged, with Bitcoin hitting an all-time high of over US$72,000. This rise is attributed to factors such as the approval of Bitcoin ETFs in the US and anticipation surrounding the upcoming Bitcoin halving. Ethereum also sees potential with the possibility of spot ETFs. Challenges, like regulatory uncertainties and scalability issues, persist. However, advancements like the Dencun upgrade aim to address Ethereum's limitations. Predicting cryptocurrency prices remains volatile, but many expect continued growth, especially with favorable market conditions and potential regulatory changes. Some foresee Bitcoin reaching US$100,000 in 2024. Despite uncertainties, the cryptocurrency market continues to evolve rapidly, reflecting the increasing integration of digital assets into traditional finance.

Read more at: theconversation.com