Here are The Most Bullish Bitcoin Price Predictions for 2024

The price of Bitcoin could trade anywhere between $60,000 to $500,000 if some of the most bullish predictions for BTC come true in 2024.

After a largely exciting year for Bitcoin in the past year, investors are increasingly optimistic going into 2024. Improved macroeconomics, the Bitcoin halving, and the impending launch of a spot Bitcoin ETF in the United States are just some of the factors that could favorably impact the cryptocurrency’s price in the new year.

The foregoing also means that many investors are bullish on Bitcoin’s chances of hitting six figures per coin for the first time in its history. This is reflected by some of the boldest predictions supplied by various crypto and traditional investment firms and thought leaders in the investment world.

Most Bullish Bitcoin Price Predictions for 2024

Emerging markets fund manager Mark Mobius gained popularity for accurately predicting Bitcoin’s drop below $20,000 when the cryptocurrency was trading above $28,000 in 2022. However, his outlook has flipped bullish since then. Mark Mobius told CNBC in a recent prediction outlook that BTC will rise as high as $60,000 before the end of 2024.

Slightly ahead of Mark Mobius’ modest prediction is crypto mining firm Bit Mining and research firm CoinShares. The entities project that Bitcoin could rise as high as $75,000 and $83,000, respectively, by the end of 2024. Either outcome will see Bitcoin beat the $69,000 all-time high record set in 2021.

Moving forward, several other companies are in the six-figure BTC camp. For instance, crypto lending platform Nexo and analysts at Standard Chartered are on record for predicting that Bitcoin will trade above $100,000 in  2024.

Fund managers Sky Bridge Capital, Fundstrat, and Morgan Creek are taking things a step further. As The Crypto Basic has reported, these funds predict Bitcoin to hit a minimum price of $150,000, buoyed by inflows if the SEC approves a spot ETF for the cryptocurrency.

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Meanwhile, the most bullish prediction for BTC is no longer Tim Draper’s famous $250,000 outlook. Instead, venture capital firm CoinFund tops the chart. The fund predicted on CNBC that Bitcoin will rise more than 1000% from its current price in 2024, soaring as high as $500,000 in the next twelve months.

While there are no guarantees that these predictions will come true, they reflect the generally bullish outlook for cryptocurrencies going into the new year. Bitfinex expects the global crypto market cap to rise above $3.2 trillion, surpassing the previous record of $3 trillion set during the last bull market in 2021.