Shunyet Jan, Head of Derivatives at Bybit, forecasts that Bitcoin could climb to $125,000 by the end of Q2 2024, driven by regulatory clarity, increasing institutional inflows, and macroeconomic pressures like the weakening U.S. dollar. The introduction of the GENIUS Act, improved stablecoin regulations, and steady inflows into spot Bitcoin ETFs position BTC as a maturing asset class. Meanwhile, crypto experts highlight Bitcoin's long-term growth potential, with price targets ranging from $250,000 to $1 million. Despite optimism for Bitcoin, caution remains for smaller altcoins amid high interest rates and economic uncertainty.
Continue to read Bybit Executive Predicts Bitcoin Could Reach $125K by Mid-2024 Amid Growing Institutional Support
Shunyet Jan, Head of Derivatives at Bybit, forecasts that Bitcoin could climb to $125,000 by the end of Q2 2024, driven by regulatory clarity, increasing institutional inflows, and macroeconomic pressures like the weakening U.S. dollar. The introduction of the GENIUS Act, improved stablecoin regulations, and steady inflows into spot Bitcoin ETFs position BTC as a maturing asset class. Meanwhile, crypto experts highlight Bitcoin's long-term growth potential, with price targets ranging from $250,000 to $1 million. Despite optimism for Bitcoin, caution remains for smaller altcoins amid high interest rates and economic uncertainty.
Continue to read Bybit Executive Predicts Bitcoin Could Reach $125K by Mid-2024 Amid Growing Institutional Support
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