Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Saturday, December 30, 2023

Bitcoin Price Forecast For 2024

 


Bitcoin's price will average 57 000 USD with the possibility of briefly topping 70 000 USD in 2024, according to Wolfteam Ltd.'s house view.

The main factors that are going to by bring such a development are the:

1) The Federal Reserve targeting lower interest rates

2) Military encounters in the world, which drive people towards the anonymity and freedom of government intervention of cryptocurrencies

3) General increase of risk taking of market participants

Stocks that could benefit from the rising prices of Bitcoin, cryptocurrencies are Coinbase, Nu Holdings Ltd. Robinhood markets, Microstrategy, Block etc.

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