AllianceBernstein Predicts Bitcoin Could Hit $80K by 2024, Driven by SEC Approval of Bitcoin ETF and Crypto Market Growth
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AllianceBernstein predicts Bitcoin could reach $80,000 in 2024, driven by potential SEC approval of a Bitcoin spot ETF and the upcoming Bitcoin halving in April 2024.
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The firm estimates $15 billion could flow into Bitcoin ETFs in 2024, with 10% of Bitcoin held in ETFs by 2028.
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The broader crypto market also looks promising, with Ethereum potentially getting an ETF by June 2024.
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Industry experts predict growth in areas like decentralized AI training, validation of AI content ownership, tokenization, and altcoins.
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The implementation of new EU regulations could also boost crypto ecosystem growth.