- Matrixport said that there will be five small things and one big thing that will make the price of Bitcoin go up in 2024.
- The company said that if a Bitcoin ETF is approved, FTX starts up again, and Bitcoin Halving happens, it could make the price of BTC increase.
- Matrixport thinks that the price of Bitcoin could go up to $45,000 by the end of the year if it keeps going up as it has been.
Matrixport, a company that helps people with cryptocurrency, thinks that Bitcoin will keep growing in 2024. They believe that different things can make the price go up to $45,000 by the end of 2023 and even higher in the following year. The report found five small events and one big event that could make the price of the biggest cryptocurrency go up.
Matrixport also plans to enter the U. S The Securities and Exchange Commission is expected to approve a new Bitcoin investment fund in January, allowing people to start trading it by February or March. Matrixport said that if it’s approved, the price of the digital asset would go up.
Also, the company that makes USDC, Circle, might start selling shares on the stock market by April 2024. This could make the crypto market perform better and make Bitcoin’s price go up.
Matrixport thinks FTX might get an offer to pay off its debts by December 2023. Also, the company thinks the crypto exchange will be working by mid-2024 and become one of the top 3 exchanges within a year.
In addition, Matrixport said that if the interest rate is cut by mid-June, it could give the crypto market more money to work with. The report also said that Bitcoin’s halving, along with other things, will make more people use Bitcoin and make it grow in 2024.
Before the end of the year, Matrixport said that the price of Bitcoin could reach $45,000 if it keeps going up as it is now. The report says that more people are buying things in the U. S Bitcoin could go up more at the end of the month and year if trading stays busy and the price keeps going up.
However, Matrixport is unsure if the upgrade would actually change anything. In other places, the price of Bitcoin went up but then went down to $36,000 after reaching $37,000 for a short time. Currently, Bitcoin is being sold for $36,437, which is 0. 40% less than it was 24 hours ago.
Warning: The information in this article is only for learning and understanding. This article is not giving any financial or other kinds of advice.