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Bitcoin has already risen more than 110% in one year. The last time we talked about it was in March, during the insane price spike (Bitcoin hit $72,000 USD then). But what do analysts think about the future of BTC? What can we expect by the end of 2024?
From a historical perspective, July is a positive month and the same historical data supports the likelihood that the currency will continue to rise in August, according to CryptoGlobe.
Major financial institutions and experts predict that the value of the currency will be between $80,000 and $250,000 by the end of the year. All this against a backdrop of growing institutional investment and major players who continue to accumulate significant holdings of the currency (InsideBitcoins.com, CoinGecko).
The approval of bitcoin ETFs and the development of Layer 2 also contribute to this positive momentum: CryptoNews suggests that at this rate of development, the value of bitcoin could reach $90,000 by the end of 2024.
Let's summarize this data! The average forecast of Bitcoin's value for 2024 is $87,000 USD, but many experts predict even more significant price growth. This trend, according to experts, is supported by both technological trends and investment dynamics. It seems that we are in the Golden Age!
And if we trust the predictions of the market leaders, now is one of the best times to secure a meaningful piece of this crypto pie! Especially given the fact that prices in the ecosystem continue to fall and the efficiency of mining — in all services — continues to grow!
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