From Nasdaq:

Bitcoin saw a turnaround in 2023, hitting $50,000 in 2024 with predictions of hitting $100,000 or more by year-end. Bitcoin is up 114% year-over-year and 25% in the past 30 days but still down from its all-time high. Approval of spot Bitcoin ETFs by the SEC is driving retail and institutional interest.

Expert predictions suggest Bitcoin will end 2024 between $150,000 to $190,000. The upcoming Bitcoin halving event in April is expected to further boost the price due to reduced supply. Experts agree that Bitcoin is becoming a mainstream asset attracting both retail and institutional investors, leading to favorable price projections.

Several experts foresee Bitcoin surpassing its previous all-time high, potentially reaching $90,000 to $110,000 by 2025. Bullish catalysts such as the Bitcoin halving, limited supply, global adoption, and portfolio diversification support Bitcoin’s upward trajectory. Investment advisors recommend exposure to Bitcoin through ETFs due to the favorable risk-reward balance.

Bitcoin’s continued success seems likely as it becomes globally recognized and accepted. Experts believe the stars are aligned for Bitcoin’s growth, with more than $15 billion channeled into spot ETFs and expectations of further inflows over the next decade. With Bitcoin being touted as a reserve currency and safe store of value, surpassing the previous all-time high is anticipated for 2024.



Read more atFrom Nasdaq: Bitcoin Surged 153% in 2023 — Should You Invest as Expert Predicts ‘All-Time High’ for the Crypto?