Post
Topic
Board Speculation
Re: Can Bitcoin reach 100k USD in 2024?
by
EarnOnVictor
on 10/10/2024, 02:35:32 UTC
Bitcoin is very bullish currently.
Not long ago, Bitcoin reached a new all time high proving its sceptics false.

Do you expect it is possible in 2024 for Bitcoin to reach 100k USD?

Oh, no wonder, this topic was posted months ago, that's a month after the ATH in March, notwithstanding, we are still in 2024, the main question is still very valid.

I was more optimistic about Bitcoin hitting the $100,000 landmark in 2024 late last year and the beginning of this year, but the drama Bitcoin has been playing till now has made me change my view. Bitcoin is facing serious additional liquidity issues for it to sustain its growth and this is not forthcoming. My studies show that the usual hype is no more working, Bitcoin needs huge institutional liquidity to get to $100,000 as it takes hundreds of billions of dollars to achieve that.