From Time:

Bitcoin prices have reached their highest in almost two years at $45,000. The last year saw a comeback for Bitcoin, with a rise of over 155%. Experts are predicting a record year for Bitcoin in 2024 with the upcoming halving event and possible approval of a Bitcoin spot ETF.

The Bitcoin halving event occurs every four years and historically, has preceded major gains in Bitcoin prices. In addition, the possible approval of a Bitcoin spot ETF could bring Bitcoin to the investing mainstream in a big way, according to experts.

Experts are predicting that Bitcoin could break its record high this year, reaching almost $69,000 or even beyond. With bullish predictions estimating a potential return of 63% on the year, it’s clear that many experts are optimistic about Bitcoin’s growth in 2024. Some even predict a median price of $150,000.

With the recent surge in Bitcoin prices and the possibility of major developments in the cryptocurrency industry, experts are predicting a record year for Bitcoin in 2024. The upcoming halving event and the potential approval of a Bitcoin spot ETF are expected to drive significant growth in Bitcoin prices.



Read more: Bitcoin Prices Could Reach Record Highs in 2024: Experts