November 20, 2024

[COMMENTARY] Will Bitcoin Price Hit $100K This Year? Experts Weigh In

Published on: November 20, 2024

Source: Newsweek

Will Bitcoin hit the $100,000 target by the end of this year?

Bitcoin has been on a meteoric rise in 2024, reaching a new all-time high of $93,495 on Wednesday, November 13. As the flagship cryptocurrency inches closer to the $100,000 mark, investors and analysts are debating: will Bitcoin hit this target by the end of this year?

Among the industry leaders weighing in is J.D. Seraphine, Founder & CEO of Raiinmaker, who highlights Bitcoin’s latest surge as a sign of mainstream adoption and a new era for decentralized ecosystems.

"If you take into account the fact that large companies like BlackRock and other major financial institutions are holding the asset on their balance sheets, this is a much different reality than any other previous cycles for the asset.”

"If you study the price history of BTC, it follows a very predictable pattern," Seraphine explained. "Once it crosses the previous all-time high, it historically hits levels multiples above that previous all-time high."

Key Points About Bitcoin Hitting $100K Price Milestone in 2024:

  • Institutional Adoption on the Rise – With major financial players accumulating Bitcoin, its position as a global asset is stronger than ever.
  • Regulatory Shifts Incoming – As Bitcoin gains prominence, governments and financial institutions must adapt to the rise of decentralized finance.
  • Web3 & AI Integration – Raiinmaker is at the forefront of bridging AI, digital identity, and blockchain, empowering users to take control of their assets in the decentralized future.

While there's strong agreement on Bitcoin eventually reaching $100,000, there's a split between those who see it happening in 2024 versus early 2025. Most experts emphasize this is more about "when" rather than "if," but caution about potential corrections along the way.

The sentiment appears to be that, while short-term volatility and corrections are likely, the fundamental and institutional factors supporting Bitcoin's growth are stronger than in previous cycles.

For the full article, read the original coverage on Newsweek.

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