The likelihood of Bitcoin (BTC) reaching $100,000 by the end of 2024 has surged to 72% on Polymarket, a prediction platform. This optimism stems from growing institutional interest, improving macroeconomic conditions, and anticipation around regulatory advancements, especially in the U.S.
Key drivers of Bitcoin’s rally include declining inflation and lower interest rate expectations, which have boosted investor confidence. Speculation about the approval of a spot Bitcoin exchange-traded fund (ETF) is also a major catalyst. Applications from financial giants like BlackRock have fueled hopes that such ETFs could attract significant investment from traditional markets.
Positive trends in blockchain adoption and fintech advancements have further strengthened market sentiment, although experts caution that risks like regulatory crackdowns or security breaches could disrupt momentum.
With institutional support, regulatory clarity, and favorable macroeconomic conditions aligning, Bitcoin appears closer than ever to achieving the historic $100,000 milestone.
