Crypto Execs Argue Bull Run Could Lead to $100,000 BTC in 2024 + More News
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.
In this edition:
__________
Executives in the crypto industry argue that we may be witnessing the start of a new bull run that could lead to all-time highs for bitcoin (BTC) in 2024 – above $100,000.
Pascal Gauthier, CEO of hardware wallet maker Ledger, told CNBC that it feels that 2023 “was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful” for 2024 and 2025.
Vijay Ayyar, vice president of international markets at crypto exchange CoinDCX, commented that a number of market participants are expecting a bull run following the halving next year, “but given the ETF news, we could very well have a run before that leaving most investors on the sidelines. That could cause a massive upward run in the price,” he said.
Ayyar also warned that an all-out ETF rejection “could play havoc to this run as well, hence definitely something to be mindful of.”
Meanwhile, last week, multinational bank Standard Chartered reiterated that bitcoin could hit $100,000 by the end of next year, driven by numerous ETF approvals.
Crypto financial services firm Matrixport also released a note last week projecting BTC would hit $63,140 by April and $125,000 by the end of 2024.
David Marcus, CEO of Lightning Network infrastructure builder Lightspark, told CNBC, “I think that once you get the speculative phase out of the way, which I think we’re almost done with, probably not yet completely done, then you can get real builders focusing on the technology and the problems that can solve in the world, rather than just having a giant digital casino for people to trade.”
Spanish police
