Crypto experts predict Bitcoin to reach $100,000 in 2024, with potential for $500,000 by 2029.

From Nasdaq
September 02, 2024 10:00 AM:

In 2024, the crypto space saw milestones with the approval of spot Bitcoin and Ethereum ETFs, leading to bullish predictions like Bitcoin hitting $100,000 and reaching $200,000 by mid-2024. Some experts even foresee a $500,000 price by 2029, as reported by Decrypt.

Bitcoin currently stands at $63,900, up 145.1% in the past year, with predictions varying. Economist Peter St. Onge believes it will hit $100,000 within the year, citing inflation signals from the Fed and increased adoption by crypto holders influencing markets.

Looking ahead, experts predict Bitcoin may see a low of $30,000 in times of economic turbulence but could reach $100,000 with government support. Vijay Marolia expects prices to surpass $100,000 due to growing demand for blockchain technology after institutional interest.

Memecoins like Dogecoin are expected to gain momentum, while broader adoption of digital assets is a potential mega trend in 2025, with institutions and governments eyeing tokenization of assets. The Ethereum ecosystem is likely to experience growth, especially in decentralized finance (DeFi) amid changes in interest rates and capital flow.

In summary, the crypto industry is anticipating further growth in the coming years, driven by regulatory advances, price surges, and increasing adoption by retail and institutional users. The space’s future looks promising with potential trends like memecoin momentum, broader asset adoption, and Ethereum ecosystem growth on the horizon.

Read more at Nasdaq: I’m an Economist: Here Are My Predictions for Crypto in 2025