3 Traders Give Their Bitcoin Price Predictions for 2024, While Others Are Backing Bitcoin Minetrix to Explode
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Bitcoin (BTC) price predictions for 2024 vary wildly, although many well-known traders are betting on new highs for the world’s largest cryptocurrency.
Factors like regulation, institutional adoption, and competition are positive forces that could move BTC into a bull cycle next year.
This article discusses three jaw-dropping Bitcoin price predictions from prominent traders before exploring the progress of Bitcoin Minetrix (BTCMTX) – a brand-new presale project also being touted for sizable growth.
1. Robert Kiyosaki
Robert Kiyosaki, author of Rich Dad Poor Dad, sees big things ahead for Bitcoin next year.
Speaking back in July, Kiyosaki predicted that Bitcoin will surge to $120,000 by the end of 2024.
He believes a significant catalyst will be the announcement by BRICS nations to back a new cryptocurrency with gold – an announcement that he thought would occur in August.
Kiyosaki thinks that when this finally happens, it will undermine the US dollar as the global reserve currency, causing trillions of dollars to flow back into the United States.
This would prompt a bullish reaction in the crypto markets – potentially pushing BTC to new all-time highs.
Notably, Kiyosaki has been bullish on Bitcoin for years, recommending it as a way to opt out of what he views as a corrupt banking system.
Given his eye-catching prediction of $120,000 for 2024, it’s clear that Kiyosaki sees next year as a bullish one for Bitcoin.
2. Tom Lee
While Robert Kiyosaki sees Bitcoin surging on factors like inflation and a weakening dollar, Fundstrat’s Tom Lee looks to regulatory approval to rocket Bitcoin’s price.
Speaking in August, Lee predicted Bitcoin could reach $180,000 in 2024 if the SEC approves a spot Bitcoin ETF in the US.
Unlike futures-based Bitcoin ETFs, a spot ETF would track the price of actual Bitcoin.
Lee believes demand for such an ETF would outstrip Bitcoin’s limited supply, forcing its price up.
Even without an ETF, he still sees upside from 2024’s halving event, which will cut mining rewards in half.
Previous halvings have preceded Bitcoin hitting new highs, and combined with potential ETF approval, Lee sees the stars aligning for Bitcoin next year.
3. Titan of crypto
While Kiyosaki and Lee see six-figure Bitcoin in 2024, Twitter analyst Titan of Crypto looks further ahead with an even bolder prediction.
In a recent tweet, he forecasted Bitcoin to reach $320,000 by November 2025, based on a technical analysis of Bitcoin's historical price chart and trends.
Specifically, he factored in the “realized price” of Bitcoin over time and extended previous trendlines outward.
Titan posed this ultra-bullish target as “less conservative” than his previous claim that Bitcoin would hit $137,000 by 2025.
Judging by Titan's price chart, he foresees Bitcoin hitting a high of around $170,000 in 2024.
Time will tell whether this aggressive forecast comes to fruition, but the analysis maps out a potential trajectory for Bitcoin to soar exponentially in the coming years.
Traders now backing Bitcoin Minetrix as the next big thing in crypto
While traders debate where Bitcoin's price is headed in the coming years, a new project called Bitcoin Minetrix (BTCMTX) is attracting attention from traders as a presale opportunity with huge potential.
Bitcoin Minetrix aims to disrupt crypto mining by allowing token holders to “stake-to-mine” and earn BTC rewards.
The BTCMTX token is hosted on the Ethereum blockchain, with holders able to stake their tokens and earn over 490% APY.
When the platform launches, stakers will also earn BTC mining profits through the stake-to-mine model, providing two passive income streams without needing mining equipment.
Influencers cite Bitcoin Minetrix’s innovative model as a way to decentralize hash power and eradicate the issues plaguing the cloud mining space.
Moreover, with the next Bitcoin halving approaching in 2024, Bitcoin Minetrix could offer exposure to potential mining profits.
The project has already raised over $1.2 million in its presale, with BTCMTX tokens available to buy for $0.011.
Major traders are already backing BTCMTX as one of the market’s hidden gems, with Michael Wrubel stating he’s “bullish” on its prospects.
Fellow trader Zach Humphries also discussed BTCMTX in a recent YouTube video, highlighting its passive income potential as one of the key reasons to invest in the project.
With a disruptive model and high growth prospects, Bitcoin Minetrix is undoubtedly a crypto project worth watching in the remainder of 2023 and beyond.
Visit Bitcoin Minetrix Presale
This article is sponsored content
This is a sponsored post. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by the external author of the post. You should be aware of all the risks associated with trading. Cryptocurrency presales can be very risky investments as the assets have yet to be proven in the market. Some or all the tokens mentioned in the articles may be devalued or subject to scams, and investors may lose all capital as most of these assets lack proper due diligence. FXStreet is not responsible for any losses incurred from investments in crypto presales.
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