Bitcoin in 2024: Expert Predictions

🔵Digital asset experts believe that a rise in Bitcoin’s price to $100,000 in 2024 is unlikely. They attribute this to political events and the challenges of regulating the market.

🔵Experts suggest that the outcome of the U.S. elections could influence Bitcoin’s price. However, even a favorable result does not guarantee an increase in the cryptocurrency’s value.

🔵Jag Kuner, head of derivatives at Bitfinex, believes that the current phase is one of re-accumulation following the halving, which has historically been observed in previous Bitcoin life cycles. Investors should expect the traditional price decline amid financial risks and events related to “news sales.”

🔵Charles Hoskinson, founder of the Cardano crypto project, pointed out that the crypto industry no longer needs Bitcoin — it has turned into a religious symbol, which means its ecosystem is doomed.