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.
1 comment:
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