Bitcoin Experts Predict Bull Run to Continue Until 2024, BTC Could Reach $100,000
Bitcoin’s recent surge past the $30,000 mark has many investors wondering just how high the cryptocurrency’s price could climb in the coming years. According to some experts, the answer is very high indeed. In fact, some are predicting that the current bull run could continue until at least 2024, with Bitcoin potentially reaching $100,000 or more.
One such expert is Simon Peters, a market analyst at eToro, who recently wrote in a research note that “Bitcoin’s current bull run could last until 2024, with the cryptocurrency potentially reaching as high as $100,000 before the market peaks.” Peters cited several factors contributing to his bullish outlook, including growing institutional adoption, a scarcity of supply, and increased interest from retail investors.
Other experts are similarly optimistic about Bitcoin’s long-term prospects. In a recent interview with CNBC, Michael Sonnenshein, CEO of Grayscale Investments, said that “Bitcoin is firmly in the mainstream now, and we are seeing a lot of interest from institutional investors who see it as a viable investment option.” He also predicted that the cryptocurrency’s price could continue to rise over the next few years, although he stopped short of making specific price predictions.
Of course, there are always risks associated with investing in cryptocurrencies, and the market can be highly volatile and unpredictable. However, for those investors who are willing to take the risk, Bitcoin’s potential rewards could be substantial. With experts predicting continued bullish trends in the coming years, many are eyeing Bitcoin as a potentially lucrative investment opportunity.