Posted 2/11/2024, 8:47:00 AM
Bitcoin's Path to $100k in 2024 Faces New Headwinds Despite Growing Adoption
- Bitcoin price target of $100k in 2024 looked achievable at the start of the year when Bitcoin was at $45k
- Bitcoin ETFs were expected to unlock more investment, but price hasn't surged as anticipated
- Ark Invest has dramatically increased recommended crypto allocation to 19.4%, supporting potential for massive price surge
- Upcoming Bitcoin halving in April historically leads to major rallies over 12-18 months
- Mainstream adoption may make Bitcoin less volatile, potentially dampening extreme price swings needed to reach $100k