CandleFocus When Will Bitcoin Price Go Higher? 6 Experts Share Their Views
2024-10-18
Author: Content Editor
The price of Bitcoin has seen a 10% surge in the past week, reaching its highest level since July. Experts believe that Bitcoin is poised for significant progress by the end of the year. The upcoming US presidential election was initially seen as a source of uncertainty, but experts now believe that a victory by either Donald Trump or Kamala Harris would be positive for Bitcoin. Investor hesitancy about the election has transitioned to FOMO (fear of missing out), and any clarity on the election result could cause Bitcoin to soar. The recent rally in Bitcoin coincided with a trend known as "flowmageddon," with nearly $1 billion flowing into spot Bitcoin ETFs, indicating a shift in institutional outlook. However, risks such as hacks and security breaches, geopolitical tensions, and potential government sell-offs of confiscated Bitcoin remain.
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