New York, Thursday, December 28, 2023 – Bitcoin’s recent surge, from under $20,000 to over $40,000, has ignited speculation about a potential $2 trillion market cap by 2024, multiple reports said last week.
They said that fueling the fire are predictions linking the rise to Donald Trump’s potential return to the White House and an expected Chinese regulatory stance on Cryptocurrency.
Analysts at VanEck believe a Trump presidency could dismantle the SEC’s perceived hostile crypto stance, boosting Bitcoin. 1
They predict a $100,000 price tag by December 2024 and a $2 trillion market cap, dubbed a “Presidential-sized leap.”2
However, skeptics remain, citing the SEC’s power and global regulatory hurdles.
Standard Chartered predicts $100,000 by year-end, fueled by expected Wall Street Bitcoin ETF approvals and Bitcoin’s growing dominance in the digital asset market.3
Trump’s influence on regulations remains unclear, but VanEck sees his potential victory as a catalyst for a broader anti-growth backlash, possibly buoying Bitcoin further.
However, November 2024 remains a long way off, with uncertainty still swirling around future economic and political landscapes.
Bitcoin’s recent resurgence has reignited the debate about its future, making 2024 a year to watch closely for the world’s most popular cryptocurrency.
*The above report is not investment advice.
- Yahoo Finance: https://finance.yahoo.com/news/vaneck-says-2-4b-flow-013446241.html[↩]
- Binance: https://www.binance.com/bg/feed/post/1135234955050[↩]
- Forbes india: https://www.forbesindia.com/article/cryptocurrency/standard-chartered-reiterates-its-prediction-on-bitcoins-projected-surge-to-100000-by-2024/90063/1[↩]
