As Bitcoin (BTC) continues its push toward a potential new all-time high (ATH), pulling the majority of the cryptocurrency sector with it, finance experts have shared their views of where the price of the flagship decentralized finance (DeFi) could end up by the end of this year.
Indeed, since the beginning of 2024, the maiden crypto asset has raced by nearly 60%, primarily under the influence of a positive sentiment surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC), the upcoming halving, and more.
Taking this optimism and other bullish factors into consideration, many finance analysts agree that Bitcoin could continue to grow its price this year, with their predictions ranging between a modest $100,000, which would still represent a 50% gain from its current price, and a more confident $250,000 or a 275% rally.
Bitcoin 30-day price chart. Source: Finbold
All things considered, the above experts’ views might be correct, and Bitcoin could, indeed, reach their expectations, considering all the influences that they have factored in its advance. However, it is critical to carry out one’s own research and weigh the risks before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
