Posted 11/27/2023, 6:05:00 PM
Binance Deal and Bullish Price Predictions Signal Growing Crypto Adoption Ahead of 2024 Bitcoin Halving
- Settlement by Binance and CZ with SEC signals shift towards more regulated crypto entities, which should attract more investors
- Speculation that $2.7B could exit Grayscale Bitcoin Trust when it converts to an ETF, potentially pressuring BTC prices
- Standard Chartered analyst sees BTC hitting $100K in 2023 and potentially spiking to $150K in early 2024 due to decreasing miner sales
- Upcoming Bitcoin halving in 2024 not priced into current BTC price based on miners struggling, implying significant upside
- Analysts argue investors underestimate Bitcoin's potential to rally into and after 2024 halving event