Post
Topic
Board Bitcoin Discussion
Re: What are your predictions for the state of Bitcoin in 2024?
by
GigaBit
on 11/01/2024, 16:07:58 UTC
Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.
As Bitcoin has been bearish for a long time, Bitcoin enthusiasts will now see its bullish movement. Bitcoin halving event occur every four years through which the price of Bitcoin increases dramatically. From 2012 to 2020, we have seen three halvings of bitcoin. Now in 2024, Bitcoin Halving is going to happen after a few months later. 2024 will be a historical year not only because of Bitcoin halving, but ETF funds are going to be associated with it. SEC's ETF approvals have resulted in a massive increase in the market cap of the crypto market. I will definitely look at this year differently than others.