It has been just revealed the fact that Bitcoin has an amazing path ahead. Check out when the king coin will break through the next ATH.
BTC to reach $100k
In an interview with crypto trader Scott Melker, the CEO of eToro, Yoni Assia, shares his belief that Bitcoin (BTC) will exceed $100,000 in value despite its recent price decline.
Assia predicts that BTC will begin to gain bullish momentum toward the end of the year and will ultimately reach a new all-time high by the end of 2024.
“At the end of 2024 is when you start [seeing rallies], and you start gradually seeing something going to $50,000 and then back to $40,000, [then] to $70,000… Only when it reaches all-time highs, which is somewhere probably at the end of next year, only when it reaches all-time highs… that’s when retail [investors] come back.”
Assia is examining Bitcoin’s halving cycles. The CEO of eToro believes that Bitcoin typically experiences substantial growth a year after a halving, and the current cycle is no exception.
According to the CEO, the bull run is anticipated to occur in 2025, just as it did in 2021, 2017, and 2013. Although history doesn’t repeat itself, the CEO predicts that we will witness a similar pattern in 2025. It is highly unlikely that we won’t see Bitcoin rally above $100,000 by the end of 2025.
The Bitcoin halving, which slashes BTC miners’ rewards in half, is set to take place in April 2024.
At the time of writing, Bitcoin is trading for $25,145, down over 2% in the last 24 hours.
Recent reports reveal that an enormous sum of money is poised to make its way into the cryptocurrency market very soon.
As per a senior ETF analyst at Bloomberg, the approval of BlackRock’s BTC spot ETF could inject around $150 billion into the Bitcoin market within the upcoming one or two years. Check out our previous article in order to learn more details about this.
