CandleFocus Analysts Said “This Rally Is Just The Beginning” For Bitcoin, Revealed Their Expectations
2024-11-09
Author: Content Editor
Bitcoin reached an all-time high of $77,000 following the Federal Reserve's rate cut, and experts predict it could reach $90,000 to $125,000 by the end of 2024. The optimism around Bitcoin is driven by Donald Trump's pro-crypto stance, with his administration becoming more positive towards digital assets and traders expecting a friendlier regulatory environment. UK-based Standard Chartered predicts Trump's policies could send Bitcoin to $125,000 by the end of the year. The appeal of Bitcoin to institutions is increasing, with record inflows into U.S. spot ETFs and the potential for "trillions of dollars" of capital to enter the market. The Fed's quantitative easing and China's economic stimulus measures also contribute to Bitcoin's rise. Overall, the current market conditions are viewed as a "Goldilocks scenario" for crypto, encouraging investment in higher-risk, higher-return assets.
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