Bitcoin Predicted To Touch $80K By Year-End: ‘Applicants Will Be Fighting Hard’ For ETF Approval, Says Top Asset Manager
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Benzinga
Benzinga
In a recent prediction by AllianceBernstein, the value of Bitcoin (CRYPTO: BTC) is expected to reach a new peak of $80,000 by the end of 2024. What Happened: AllianceBernstein analysts Gautam Chhugani and Mahika Sapra have forecasted a significant rise in the price of Bitcoin. Their forecast is based on anticipated approval for a spot ETF directly investing in Bitcoin, the imminent halving event in April and an increase in corporate demand, according to a report by MarketWatch. Bitcoin, which soared by 150% in 2023, started 2024 on a bright note,touching $45,913 on Tuesday, a level not seen si…
