Posted 12/3/2023, 5:55:53 PM
Bitcoin Price Could Hit $125K by 2024, Matrixport Report Projects
- Matrixport report projects Bitcoin reaching $125,000 by end of 2024, catalyzed by 2024 halving event and potential Fed interest rate cuts
- Historically, Bitcoin has seen strong price gains in years when mining rewards halve - 186% in 2012, 126% in 2016, 297% in 2020
- Report expects inflation to decline further, prompting Fed to reverse course and cut interest rates
- Geopolitical uncertainty cited as another potential tailwind for crypto prices
- Bitcoin currently trading around $39,000, up 1.58% in past day