© Reuters. Bitcoin is expected to hit $500,000 this year, given the US trend, giving the green light to Spot Bitcoin ETF.
InfoQuest – Bitcoin price surges 152% in 2023 as analysts in CNBC poll predict: The price of Bitcoin will continue to rise in 2024. It is expected that it may reach the level of 500,000, responding to predictions that The US Securities and Exchange Commission (SEC) will allow companies including BlackRock to set up Spot Bitcoin ETFs by January. 2024, which will mark the establishment of the first Spot Bitcoin ETF in the United States. And it is expected that the price of Bitcoin will be supported by the Halving phenomenon, which is expected to occur during March-May. 2567
CoinFund analyst Seth Gins expects the price of bitcoin to reach $500,000 in 2024, beating the predictions of other analysts in the Bitcoin price survey. CNBC He expects that if the SEC approves the establishment of a Spot Bitcoin ETF in the United States, it will cause the price of Bitcoin to increase. In contrast to the dollar and bond yields, which tend to slow down.
“We expect there will be strong investment in Spot Bitcoin ETFs, and it is more likely that if the SEC approves Spot Bitcoin ETFs, it may approve the establishment of Spot Ether ETFs by 2024,” Jins told Sea. NBC
Other analysts in the CNBC poll also predict that the price of bitcoin will rebound strongly in 2024 if the US approves the creation of a Spot Bitcoin ETF. Mark Mobius The founder of Mobius Capital Partners predicts that the price of Bitcoin will rebound to reach $60,000 by the end of 2024.
Meanwhile, Mr. Yuwei Yang, an analyst from Bit Mining, expects the price of bitcoin to reach $75,000 by 2124 and expects it to reach $130,000 in 2025, and James Ba Terrfield Analysts from CoinShares expect the price of bitcoin to reach $80,000 in 2024.
“Investors are eagerly waiting for approval of the Spot Bitcoin ETF in the US. We expect that if the US approves it this year, Investment in Bitcoin will surge 20% and support Bitcoin price reaching $80,000,” Butterfield said.
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2024-01-01 14:41:09
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