Matrixport Predicts Bitcoin Price Could Reach $125K by December 2024 Due to Institutional Demand
Digital assets platform Matrixport predicts that Bitcoin's price is in the early stages of its fifth bull market, driven by institutional investor demand. The firm expects Bitcoin to reach $125,000 by December 2024, with a current rally expected to peak at $45,000 before a correction and a return to all-time highs. The report cites the ballooning US debt and high inflation as reasons for institutional investors to turn to Bitcoin, and notes that the cryptocurrency's characteristics make it an attractive diversification option. The upcoming Bitcoin halving in mid-April is expected to further increase demand for the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] Bitget Will List League of Traders (LOT) in the Innovation Zone
Ethereum Poised for Explosive Breakout After Six Weeks of Consolidation
ETH has traded in a tight 2% range for six weeks, setting up for a strong breakout that could ignite a sharp rally.Six Weeks of Stagnation Turns into Bullish SetupWhy This Consolidation Is DifferentWhat to Watch Before the Pop
SOL Correction Nears End as Bulls Target $220-$250
Solana correction phase is ending; analysts eye a bullish breakout toward $220–$250 in the coming wave.SOL Price Correction Nears CompletionTarget Zone: $220–$250 for the Next WaveWhat to Watch Moving Forward
South Korea’s FSC Unveils Roadmap for Spot Crypto ETFs and Won‑Based Stablecoins
FSC eyes approval of spot crypto ETFs and easing of won-based stablecoin rules in H2 2025.South Korea Eyes Spot Crypto ETFs by Late 2025Korean Won-Based Stablecoins to See Regulatory ReliefA Broader Shift in Crypto Policy
Trending news
MoreCrypto prices
More
