Posted 12/9/2023, 1:30:59 PM
Bitcoin Price Could Skyrocket to $70K by 2024 Amid Fears of Dollar Devaluation from Massive Money Printing
- Bitcoin and crypto prices have surged due to predictions of massive money printing by the Fed that could devalue the dollar
- Analysts predict bitcoin could reach $70,000 by end of 2024 if rate cuts happen as expected, increasing global liquidity
- Bitcoin seen as the only "obvious competitor currency" if the dollar is "debased" from money printing
- Fears of potential dollar "collapse" from huge government spending and quantitative easing since 2008
- Crypto supporters like Balaji Srinivasan warning high inflation coming, predict bitcoin to $1 million