Bitcoin Surges Over 160% in 2023; $1 Trillion Market Cap in Sight for 2024
• Bitcoin's price has skyrocketed 163% in 2023 and currently has a market cap of $847 billion; hitting $1 trillion seems likely in 2024 • The upcoming Bitcoin "halving" event in April 2024 should be bullish for Bitcoin's price • Optimism is building for a Bitcoin spot ETF in early 2023, which could bring fresh capital into Bitcoin • Falling inflation could prompt the Fed to cut interest rates in 2024, another potential catalyst • Bitcoin has scarcity due to its fixed supply cap, making it an attractive long-term store of value, though it is volatile