Bitcoin Price Could Hit $60,000 by 2024 Due to Halving, Regulation, and Macro Instability
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Bitcoin price could reach $60,000 in 2024 due to factors like Fed interest rate cuts, inflation concerns weakening the US dollar, and increased institutional investment.
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The upcoming Bitcoin halving event in April 2024 may impact mining profitability and supply.
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More positive regulatory outlook, like the approval of a Bitcoin spot ETF in the US and global trend toward regulation over bans.
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Macroeconomic instability and high correlation between traditional assets driving investors towards diversification with Bitcoin.
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Analysts predict inflows of just 10% of assets from recently launched Bitcoin ETFs could raise Bitcoin price to around $60,000.