bitcoin forecast

Crazy Bitcoin Prediction 2024, Increase 1,000% to US$500,000.

Bitcoin experienced a massive rally in 2023, rising about 152%.In 2021, Bitcoin touched a record high, then experienced difficult times in 2022, which was marked by the collapse of important projects, liquidity problems and bankruptcy.
In 2022, the largest cryptocurrency exchange FTX filed for bankruptcy. In 2023 its founder Sam Bankman-Fried was found guilty of all seven criminal charges brought against him by federal prosecutors in the US.
Then in 2023, Changpeng Zhao of Binance pleaded guilty to criminal charges and stepped down as CEO of the company as part of a US$ 4.3 billion settlement with the Department of Justice.
After the two cases were resolved many cryptocurrency executives saw it as an opportunity to move forward. So the executives called for the start of the increase. Marked from the bitcoin halving and potential approval of bitcoin exchange-traded funds in the United States. The halving makes the supply of bitcoin limited, which will raise the price of this digital currency. Meanwhile US exchanges will approve the first Bitcoin ETF after years of opposition, meaning investors can buy the product and track prices without having to go to an exchange.