The emergence of institutions in the field of encryption has made market participants aware ofBTCMaintain an optimistic attitude towards prices and the future growth of the entire market.Considering these factors, industry experts believe that the price of BTC may experience a bull market in the next 18 months
- The emergence of institutions in the field of encryption has made market participants aware ofBTCMaintain an optimistic attitude towards prices and the future growth of the entire market.
- Considering these factors, industry experts believe that the price of BTC may experience a bull market in the next 18 months.
- There may not be a reason enough to trigger a Bitcoin bull market: the most important factor in determining the bullish outlook!
One reason may not be enough to trigger a bull market in Bitcoin prices: the most important factor in ensuring a bullish outlook!
Possible reasons for the rise of Bitcoin
Terra FTX The emergence of institutions in the field of encryption has made market participants aware ofBTCMaintain an optimistic attitude towards prices and the future growth of the entire market.
It is becoming increasingly evident that Bitcoin is preparing for one of the most extraordinary operations in history. The main reasons for creating a bullish outlook for Bitcoin may be:
- Reduce the block reward by half in less than a year.
- The significant outflow of funds from cryptocurrencies.
- The main participants in providing ETFs.
- Foreign exchange reserves have decreased.
- The long-term holding rate has significantly increased.
Considering these factors, industry experts believe that BTC prices may experience a bull market in the next 18 months. After the company received significant funding of $150 billion to $200 billion through BlackRock ETFs, the company's directors are now confident that all ETFs will be approved within the next 3 to 6 months. This may change the cryptocurrency industry with high attention and adoption rates.
With the increasing confidence of investors and market participants, can BTC reach $50000 by 2024?
When analyzing the impact of spot ETFs on BTC prices, popular cryptocurrency advocates and influencers Tedtalksmacro shared some background information. At present, during the most severe bear market and global central bank regulatory tightening, the fully diluted value (FDV) of Bitcoin is approximately $580 billion, which is a product of the maximum supply and current market prices.
If the token establishes a solid foundation around the current price, the next step after the ETF may increase the FDV to approximately $780 billion, which will mean a BTC price of $37100. In addition, it is expected that the central bank will relax strict regulation within the next 12 to 24 months, which may make the market more optimistic and increase speculative premiums.
If all these factors proceed smoothly and BTC's market value returns to $1 trillion, it can be said that by the end of 2025 or early 2026, the price may rise to $48000. This analysis is based on speculation and assumptions, with many speculations. Variables are at work. However, positive views continue to anticipate a similar increase in SPDRETF prices since the launch of gold in 2004.
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