Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised?

[TravelMug]

next halving is expected to start around 2024

Ive heard varied targets from Feb to June.  It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged.    My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan.    Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment.    100k from a year after halvening is more like it, thats more realistic less rushed for a target.

It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.

But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.

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[Oilacris]

next halving is expected to start around 2024

Ive heard varied targets from Feb to June.  It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged.    My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan.    Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment.    100k from a year after halvening is more like it, thats more realistic less rushed for a target.

It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.

But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.

When in speaking about being the catalyst then it is really that surely the news or event which would really spark out that bull run that we've been hoping or waiting for but there's no way on telling on when it would happen because bull run do usually happens after how many months on the said event or situation or simply with that halving. This is why it is really that always been wise for you to get in or accumulate while its still cheap now. People are way too relaxed in regarding into this, and then later on they would whine and cry if they would be seeing that the price had shoot up.
This is why it would really be just that sensible that you should really be making such act wisely or else you would really be left behind with the train.

Now the price is playing around 25-30k which these movements are really going up and down into these levels. We cant be sure on when to see 35-40k but we are really that heading there.
It is really just that a matter of time though and this is something that really unpredictable. This is why if you are going for long term then buying on any price point wouldnt
really be that an issue since we know on whats its potential.

[19Nov16]

I think it is very realistic that in 2024 the price can reach $100k, besides that the number of users continues to increase and the natural demand will continue to increase, and of course in 2024 there will be a major event namely the halving which will usually pump at least 50% in a short time.

[Negotiation]

The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.

it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.

Bitcoin usually rises based on its demand this is why price is extremely difficult to predict and more vulnerable to market factors than more established asset classes. Late last year, it was easy to predict that bitcoin would hit $100,000, hitting its all time high in November. Since then it has become difficult to predict with bitcoin's major decline. Over the years, bitcoin has shown a steady increase in value compared to any other crypto in the market.

[Reatim]

well , there are chances but I am not holding onto that ,
instead what I want to believe is that in 2025 at least in the early stage that the ATH will be once again broken .
100k will be there and maybe at least 110k to be the most?
if this is going to happen then I must be ready and willing to wait .

[stomachgrowls]

next halving is expected to start around 2024

Ive heard varied targets from Feb to June.  It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged.    My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan.    Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment.    100k from a year after halvening is more like it, thats more realistic less rushed for a target.

It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.

But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.

When in speaking about being the catalyst then it is really that surely the news or event which would really spark out that bull run that we've been hoping or waiting for but there's no way on telling on when it would happen because bull run do usually happens after how many months on the said event or situation or simply with that halving. This is why it is really that always been wise for you to get in or accumulate while its still cheap now. People are way too relaxed in regarding into this, and then later on they would whine and cry if they would be seeing that the price had shoot up.
This is why it would really be just that sensible that you should really be making such act wisely or else you would really be left behind with the train.

Now the price is playing around 25-30k which these movements are really going up and down into these levels. We cant be sure on when to see 35-40k but we are really that heading there.
It is really just that a matter of time though and this is something that really unpredictable. This is why if you are going for long term then buying on any price point wouldnt
really be that an issue since we know on whats its potential.

Better not to make yourself that hopeful because just like been said that if ever the price didnt reached out that certain level then you would really disappointed.Its better that you would rather be that just simply

be accepting on whatever the numbers would be on that particular time or in the end of 2024 which we know that it is already that post-halving season which we could assume that this is on the time that
bull run would kick in, but no one really knows because there are even sayings that there might be no bull run on next year but no one really knows.

I agree on what you had said that 30k is something a strong resistance or ceiling which we do need to mind on breaking out first before minding about $100k. It isnt really just that hard
to break that price if we do able to see the similar bull run that we've seen into those previous years.

[Semar Mesem]

More and more are optimistic that in 2024 the price can reach $ 100k, of course this is reasonable because the number of bitcoin users continues to increase and the adoption or direct use for transactions is getting bigger, in 2024 there will also be a halving so that many people speculate to buy because after the halving will occur big increase.

[Rasa nanas]

I think it is very realistic that in 2024 the price can reach $100k, besides that the number of users continues to increase and the natural demand will continue to increase, and of course in 2024 there will be a major event namely the halving which will usually pump at least 50% in a short time.

agree, it is very likely that in the next bull run bitcoin price will cross $100k. The ATH in the previous bull run was $ 65k and the data shows that in every bull run the price of bitcoin always exceeds 2x the previous ATH. I think the bottom price for bitcoin in the next bull run will be in the $65k range.

[OgNasty]

The biggest surprise to me about everyone calling for a $100K Bitcoin next year is what they must be predicting for 2025. If we do see a $100L BTC in 2024, I would think the bubble coming in 2025 would have to be close to a million. While I might have believed that 5 years ago, the FTX madness in 2021 likely redirected Bitcoin’s trajectory lower in the future (as in not into the millions so soon).

[$crypto$]

well , there are chances but I am not holding onto that ,
instead what I want to believe is that in 2025 at least in the early stage that the ATH will be once again broken .
100k will be there and maybe at least 110k to be the most?
if this is going to happen then I must be ready and willing to wait .

The end of 2024 and 2025 are almost a little away but where is the right time to return to the price of 100K is still a mystery, but it is possible that in these two years bitcoin can reach its highest point again.

110K ? I think bitcoin can go through that, but the most predictions are more than that because it has increased from before, it can go through many times, so I say 150K is still very possible to achieve.

I am optimistic that it will happen, of course we have to wait for the time to come but for the next year it is still far away, and believe me that 2024/25 is bullish to come.

[dunfida]

well , there are chances but I am not holding onto that ,
instead what I want to believe is that in 2025 at least in the early stage that the ATH will be once again broken .
100k will be there and maybe at least 110k to be the most?
if this is going to happen then I must be ready and willing to wait .

The end of 2024 and 2025 are almost a little away but where is the right time to return to the price of 100K is still a mystery, but it is possible that in these two years bitcoin can reach its highest point again.

110K ? I think bitcoin can go through that, but the most predictions are more than that because it has increased from before, it can go through many times, so I say 150K is still very possible to achieve.

I am optimistic that it will happen, of course we have to wait for the time to come but for the next year it is still far away, and believe me that 2024/25 is bullish to come.

Try to read up this article.
Possible target point basing up on charts would be $300k
https://coinpedia.org/news/tone-vays-predicts-bitcoin-btc-price-breakout-to-300k-with-timeline-heres-the-timeline/

$100k price wouldnt really be that much a resistance but well we do know that speculative approach wouldnt really be that 100% precise but this is something more realistic for it to hit on that bull run
rather than on that $1M inside on 90 days on this year alone which even on dreams it couldn't really happen at all.

This is why if you do really believe on Bitcoins potential then this time would be the best time on accumulating as much as we could.No one could predict the future
but dont make yourself regret again just because you have hesitated on which it caused for you to miss the train once again.

[MoonOfLife]

I think it is very realistic that in 2024 the price can reach $100k, besides that the number of users continues to increase and the natural demand will continue to increase, and of course in 2024 there will be a major event namely the halving which will usually pump at least 50% in a short time.

agree, it is very likely that in the next bull run bitcoin price will cross $100k. The ATH in the previous bull run was $ 65k and the data shows that in every bull run the price of bitcoin always exceeds 2x the previous ATH. I think the bottom price for bitcoin in the next bull run will be in the $65k range.

$100k is a pretty modest target for bitcoin's potential. In 2021, bitcoin could rise from as low as $3k in 2018 to $69k. There's no reason why bitcoin can't break through $100k during the upcoming bull season. I'm more optimistic than a lot of people here when they expect the $100k target. I guess bitcoin will cross the $200k mark because in 2025, I also believe the world economy will recover, and people will be more eager to invest at that time.

[Jating]

I think it is very realistic that in 2024 the price can reach $100k, besides that the number of users continues to increase and the natural demand will continue to increase, and of course in 2024 there will be a major event namely the halving which will usually pump at least 50% in a short time.

agree, it is very likely that in the next bull run bitcoin price will cross $100k. The ATH in the previous bull run was $ 65k and the data shows that in every bull run the price of bitcoin always exceeds 2x the previous ATH. I think the bottom price for bitcoin in the next bull run will be in the $65k range.

$100k is a pretty modest target for bitcoin's potential. In 2021, bitcoin could rise from as low as $3k in 2018 to $69k. There's no reason why bitcoin can't break through $100k during the upcoming bull season. I'm more optimistic than a lot of people here when they expect the $100k target. I guess bitcoin will cross the $200k mark because in 2025, I also believe the world economy will recover, and people will be more eager to invest at that time.

Yes, and even in the pandemic, the price rose from $3k to our all time high of $69k so that is a big jump. So from $69k to 6 digits figure? yeah why not and as you have said, it could be just a modest estimates. Not just you though, everyone is optimistic that we can get that price in 2024.

If everything is ripe, then $150k could also be open for us. And if ever the world economy recovers in 2025, then it will be the best time to invest as well to bitcoin and crypto in that year so that least we cover what we have lost in this bear market.

[el kaka22]

Not really, I do think that it will go up to that in 2024, that is a good and realistic approach. He didn't say this month, or even this year, he didn't even say next year exactly, he said it will be by the end of 2024, so when we are closer to 2025, that means it is going to have like a full 6 months give or take after the halving as well. That is quite possible and I think it will happen.

I personally believe going just like %30 above the ATH price after another halving is not unlikely, it is what the expectation is and I believe that will happen. I know that many people are expecting it to be a lot different and they want it to be something quite different in the end, but I think that's not going to be the case, we will see 100k by the end of 2024.

[jaberwock]

More and more are optimistic that in 2024 the price can reach $ 100k, of course this is reasonable because the number of bitcoin users continues to increase and the adoption or direct use for transactions is getting bigger, in 2024 there will also be a halving so that many people speculate to buy because after the halving will occur big increase.

I agree about the adoption but not when you say BTC is being used directly. Until now there is only 3 countries if I am not wrong who made BTC a legal tender. The numbers hardly move. It is seems that more people are more fond of using BTC as an asset more than a currency. There is a halving in 2024 but if there are no halvings won't those people buy? That's a wrong mentality when it comes to investing and getting rich. And what if after halving, there are no price increases that happen?

These could cause disappointment for them. No @OP I am not surprised about it anymore and many people too. There's even people who said that $100k is possible this year.

[Ricardo11]

Yes, Bitcoin price may reach 100,000 by the end of 2024. However, there has been no prospect of a bull market in the Bitcoin price for quite some time now, and currently the Bitcoin price has dropped below 26k. But still there will be a bull market with high Bitcoin prices in the future, almost everyone knows that, and this will happen, and by 2025 the price of Bitcoin will reach an all-time high.

[STT]

Its not a good idea to call a move before its really in shape and under way on a regular basis.  It could happen is to state the news that isnt new, BTC would not be at 26k if people didnt already accept this reality.
  The idea there is a strong enough bull market to produce any elaborated target higher is tenuous at the moment, it could happen so could a dozen other things and some of those are required first before BTC is likely able to rise such as a weaker dollar and greater takeup of BTC.  Until it happens they are manufacturing headlines and scenarios for the sake of their own publicity imo.

[tygeade]

Its not a good idea to call a move before its really in shape and under way on a regular basis.  It could happen is to state the news that isnt new, BTC would not be at 26k if people didnt already accept this reality.
  The idea there is a strong enough bull market to produce any elaborated target higher is tenuous at the moment, it could happen so could a dozen other things and some of those are required first before BTC is likely able to rise such as a weaker dollar and greater takeup of BTC.  Until it happens they are manufacturing headlines and scenarios for the sake of their own publicity imo.

I would say that people are just making it like they know what's going to happen just so that if they are wrong nobody really shows them they were wrong but if they were right they could shove that to everyone face and say we were right and get more customers.

It's obvious that this may happen or may not happen and we do not know what's going to happen now but at the end of the day we are going to end up with a situation where it is going to be tough to handle and shouldn't really be worried about it. I think it is better to make a big return on this when the time comes and we need to end up with a result that will be a bit different. Hopefully it will get a lot better and we could do more on this subject whenever we can.

[gunhell16]

Just now, I see that in the crypto community, many people really believe that by next year, 2024, in the last month of that year, Bitcoin will reach $100,000. Even though it is not certain that it will happen, the belief they hold about Bitcoin is just a prediction. It's not because I don't want to believe; of course I want that to happen, but not at the point where it will happen next year.

The only difficulty is that we predict what will happen in the future, and then what we expect to happen turns out not to happen. Isn't that the pain of that happening? It seems that the egg has not yet been broken, and the amount you will earn is counted first. Shouldn't we first go to it's too good to be true? Maybe the surprise we are waiting for is not something we will be happy about. So, it is much better not to expect anything, isn't it?

[bakasabo]

I dont belive that Bitcoin price gonna reach $100k next year. Bitcoin is to bulky, to expensive to do that. For example this year it would be great if it would achive $30k. And that would be already a huge achievment. As it would basically do x3 in a year. But the gap between 30k and 100k is to huge. Again people would think that they did not have enough “cheap” bitcoin and push the price down. Again the price would jump here and there all the year.