With the momentum of the bull market, the price of Bitcoin has reached the highest level of all time. Experts predict that we can see significant increases in the value of Bitcoin during this period. However, it is a matter of curiosity where the peak of the market will be.
What Do Experts Predict?
Laurent Benayoun, the CEO of Acheron Trading, says that Bitcoin has not yet reached its true peak and that gains of over 150% are possible in the current bull market. According to Benayoun, due to the impact of Bitcoin halving and other factors, the price can reach a value between $120,000 and $180,000. Investment strategy experts make these predictions by looking at the performance of past cycles.
The Impact of Economic Conditions on Bitcoin
Laurent believes that the Fed’s interest rate policy will have a positive impact on the price of Bitcoin. According to experts, the change in interest rates will be an important price catalyst for Bitcoin, and we will witness a 75 basis point reduction in interest rates this year. Bitfinex analysts also predict that Bitcoin will surpass $120,000 by the end of 2024.
On the other hand, asset management company Bernstein expects Bitcoin to reach $150,000 by mid-2025, while Willy Woo believes it could reach up to $337,000. According to Woo’s analysis, current prices are equivalent to a value gain that matches the previous peak of $20,000.
The rise of Bitcoin and the overall crypto market continues with the combination of many factors, and while expert predictions differ on where this bull market will end up, the general expectation is an upward trend.
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