Will crypto go up

Cryptocurrency markets enjoyed a healthy recovery in 2023 following a tumultuous 2022 bear market that left several cryptocurrency companies insolvent. The recent rally in crypto prices aligns with the multi-year economic cycle centered around Bitcoin’s supply halving. The fourth halving is coming up in April 2024. Is bitcoin gonna keep going up Very often, they are not. We don’t know the future and it would be wrong to think that we can know exactly what is going to happen. Crypto predictions – like pretty much all financial predictions – are very often wrong, especially as they go further and further into the future.

There’s ample data to suggest that crypto trading activity coincides with traditional market hours in the U.S., illustrating that crypto investment largely shifted from the East to the West. When Crypto Went Mainstream—and Drove Up Housing Prices BitcoinWisdom a Bitcoin price prediction that we will continue to rise during both 2024 and 2025, with a minimum price of $53,152.86 for 2024, and then a high price of $66,441. During 2025, they believe that the minimum price for Bitcoin is going to be just over $79,000, while Bitcoin could reach as high as $93,000 that year. The average trading price should be near $80,000.

That institutional support is one of the largest bull factors for bitcoin in 2024, says Will Clemente, Reflexivity Research founder and a notable bitcoin bull. "The most interesting trend throughout the year has been the rise of a U.S.-based institutional type of buyer, whereas historically the crypto market's been primarily driven by retail (investors)," Clemente tells Investor's Business Daily. How to get ready for the next halving? Bitcoin bulls have long believed SEC-approved spot bitcoin ETFs would make it easier for institutional and retail investors to access bitcoin, potentially opening the floodgates for cryptocurrency to become a mainstream asset class. In fact, bitcoin prices soared following the launch of the new ETFs, suggesting this thesis may be playing out as anticipated.

“Bitcoin is particularly bad in that regard,” he says. “The proliferation of Bitcoin miners is causing problems for the electrical grid in a number of places. This is the past now, but for a while, Bitcoin mining had driven up the cost of high-performance computers way up because supply couldn’t keep up with the demand.” Cryptocurrency in the early adoption phase Skeptics often argue that they lack intrinsic value or that their worth is solely determined by subjective perception. However, this argument applies equally to fiat currencies like the Euro, Pound, or USD, which derive value from societal trust and government backing. Of course, these currencies are much more widely accepted and, therefore, perceived as being much more valuable. Moreover, fiat currencies hold the advantage of being accepted as legal tender for tax payments, a privilege that – while granted to Bitcoin and other cryptocurrencies in some jurisdictions – remains anecdotal.