Bitcoin to Hit $100K Before Next Halving? Expert Predicts Massive Rally

11.02.2024 20:09 77 times read Reading time: 2 minutes 0 Comments

Bitcoin Price Forecast: $100,000 Possible Before Halving According to Expert

According to a report by finanzen.net, Bitcoin's price could reach the $100,000 mark before the next halving event, says Adam Back, CEO of Blockstream. The recent Bitcoin rally to over $48,000 and the ongoing interest of institutional investors through Spot Bitcoin ETFs in the USA could serve as catalysts for this development.

In addition to these factors, a potential interest rate cut by central banks in the USA and Europe is also anticipated, which could positively impact the price. Projects like Bitcoin Minetrix ($BTCMTX) that are linked to Bitcoin are also in the spotlight, offering investors new opportunities to participate in the mining market without technical barriers or hardware investments.

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Bitcoin Price Jumps to Over $48,000 – Here’s Why

According to information from t3n – digital pioneers, the Bitcoin price recently surpassed the $48,000 threshold, propelled by various factors such as the approval of Bitcoin Spot ETFs and a decrease in selling pressure from miners.

Additional positive influences come from the stock market; particularly after the S&P 500 Index broke the 5,000-point mark for the first time - an indicator that investors might be ready for higher risks in their investments, including cryptocurrencies.

Bitcoin Holds Above $48,000, Bitcoin Cash Surges: Crypto Performance on Sunday Afternoon

As reported on finanzen.net, not only has Bitcoin's value stabilized over $48K, but other altcoins have also recorded significant gains - with the price jump of Bitcoin Cash (BCH) being particularly notable.

These developments show almost exclusively gains among the top cryptocurrencies by market capitalization, indicating that both individual events and the general market sentiment are currently strongly bullish.

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The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

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