Analysts Puts Bitcoin At $125,000 By 2024, How Is This Possible?
Next BTC halving is less than a year away | Source: Binance This decrease in the rate at which new BTC is being brought into circulation, coupled with the fact that the digital asset possesses a very limited supply, has always triggered each bull market. So even if expectations for the Spot ETFs do not play out and the SEC does reject the filings, it will likely only be a short-lived bearish momentum as the halving will take place only a few months after. Related Reading: BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold, So Whats The Digital Silver? Going by historical performance, the BTC price has been known to rise more than 100% as expectations around the halving event grow. Given this, it is possible that BTC does reach a price of $125,000 by the end of 2024, according to the Matrixport report.