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.
I don't think you've been following the market closely because you need to get your facts checked. 2023 wasn't worse for Bitcoin and the market because the market started recovering when we entered 2023. Bitcoin managed to reach $28k from $17k in the first couple of months in 2023, and by the end of the year, the price of Bitcoin reached about $45k. So, I don't see how and on what basis you are saying that 2023 was much worse for Bitcoin and the overall market.
If we talk about 2024, it is going to be a part of the recovery process, but I don't expect a lot of action in 2024, at least not until the halving event occurs. We might see some surprising ups and downs after that which will occur in April. So, these three or four months are almost going to go with the market going mostly sideways.