Bitcoin's price could top 71 000 USD in 2024 on the Federal Reserve recently implied pivot towards lowering the target for the Federal Funds Rate and thus lowering interest rate levels all over the world.
Lower interest rate benefit venture capital funds, which style of investing gets more attractive with lower yields on US treasuries influenced by the recently implied future policy of the Federal Reserve.
Thus, money will flow into Bitcoin, cryptocurrencies related projects and empower more Bitcoin mining, news creation about Bitcoin, cryptocurrencies, which will gradually increase public acceptance of Bitcoin and as follows Bitcoin's price will increase.
But the future, possible upwards price movement in 2024 of Bitcoin's price is fraught with risks, because the path of the Federal Reserve policy is uncertain. This Federal Reserve uncertainty creates volatility, which could bring volatility in Bitcoin's price movements in 2024, according to Wolfteam Ltd.
And volatility is one way one measures risk. So the most probable upwards movement of Bitcoin's price in 2024 can be marred by large, downside movements, downside volatility or large price, investment risks.
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