Positive
From Nasdaq
September 19, 2024 5:15:00 am:
Bitcoin continues to attract billionaires like Michael Saylor, Elon Musk, and the Winklevoss twins, who have bought significant amounts of the cryptocurrency. Analysts predict a 116% jump in Bitcoin’s price to reach $125,000 by year-end, driven by various economic and political factors, including the impact of the presidential election.
Standard Chartered analysts forecast a new high for Bitcoin by year-end, regardless of the election outcome. Despite potential initial price drops, Bitcoin could see positive momentum due to factors like yield curve movements and lower interest rates. Billionaires have set ambitious price targets for Bitcoin, but long-term upside potential remains.
Read more at Nasdaq: Billionaires Are Buying This Cryptocurrency That Could Soar 116% by Year’s End, According to This Analyst