Should you buy Bitcoin in 2024?
Oksana Belyanskaya, a trader and expert at the CEO of the cryptocurrency marketing company Rocket PR, explained what the price of Bitcoin is made up of.
Should you buy Bitcoin in 2024?
Oksana Belyanskaya, a trader and expert at the CEO of the cryptocurrency marketing company Rocket PR, explained what the price of Bitcoin is made up of.
Its profitability in 2024 may depend on many factors - military conflicts, historical trends, macroeconomic conditions and market events.
“Given that Bitcoin reached ATH even before the halving, I believe that after a strong dip in price in May-August 2023, Bitcoin could rise to $125 thousand by the end of 2024. There are risks that after the halving in April 2024, the Bitcoin rate may fall sharply to $55-45 thousand. But this will be the right time to buy this crypto asset,” says the expert.
Long-term Bitcoin price forecast
There is such a thing as diamond hands - these are investors who buy Bitcoin at any price at any time. As the market has shown, in the end they remain profitable, explains Oksana Belyanskaya.
Summer can be considered a period of strong volatility and with the price of Bitcoin declining, this is an opportunity to invest in it before the global growth.
“I have no doubt about the global growth of Bitcoin to levels of 250-300 thousand US dollars. But this will not happen in one year, but within 5-7 years, when the cryptocurrency industry will be fully regulated and the injections from institutional investors and large funds during this period will be huge,” shares Oksana Belyanskaya.
All of these factors, along with macroeconomic conditions, monetary policy, the US election cycle, and traditional financial industry investors' investments in Bitcoin ETFs, could influence Bitcoin returns in 2024.
Oksana Belyanskaya, a trader and expert at the CEO of the cryptocurrency marketing company Rocket PR, explained what the price of Bitcoin is made up of.
Its profitability in 2024 may depend on many factors - military conflicts, historical trends, macroeconomic conditions and market events.
“Given that Bitcoin reached ATH even before the halving, I believe that after a strong dip in price in May-August 2023, Bitcoin could rise to $125 thousand by the end of 2024. There are risks that after the halving in April 2024, the Bitcoin rate may fall sharply to $55-45 thousand. But this will be the right time to buy this crypto asset,” says the expert.
Long-term Bitcoin price forecast
There is such a thing as diamond hands - these are investors who buy Bitcoin at any price at any time. As the market has shown, in the end they remain profitable, explains Oksana Belyanskaya.
Summer can be considered a period of strong volatility and with the price of Bitcoin declining, this is an opportunity to invest in it before the global growth.
“I have no doubt about the global growth of Bitcoin to levels of 250-300 thousand US dollars. But this will not happen in one year, but within 5-7 years, when the cryptocurrency industry will be fully regulated and the injections from institutional investors and large funds during this period will be huge,” shares Oksana Belyanskaya.
All of these factors, along with macroeconomic conditions, monetary policy, the US election cycle, and traditional financial industry investors' investments in Bitcoin ETFs, could influence Bitcoin returns in 2024.