2023-12-03 CNBC/Money Report - Crypto execs say the bull run is underway

[TheIrishman]

Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024

- Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.

- Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.

- Many commentators also see the conclusion of the FTX case and the Binance settlement with the U.S. Department of Justice as the resolution of two outstanding issues that were plaguing the market.

Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.

Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024.

"It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25," Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.

The digital currency's last record high of nearly $69,00 was hit in November 2021.

https://www.nbcsandiego.com/news/business/money-report/crypto-execs-says-the-bull-run-is-underway-and-could-lead-to-100000-bitcoin-in-2024/3370939

[criptoevangelista]

It's all speculation, but I can suggest a price of $132,000 per unit in the next bull run, and also the bottom of the cycle, $29,000 per unit

[Kakmakr]

I like the way people look out of the window and then see storm clouds on the horizon and then predict that it is going to rain.  This is what these so-called experts are doing now... and people gobble up these predictions ..as if it is guaranteed.

So, what happens if the Spot ETF application are denied? What happens when the hype around the next Halving blows over.... will we still see those ATHs that are predicted? 

[cr1776]

I like the way people look out of the window and then see storm clouds on the horizon and then predict that it is going to rain.  This is what these so-called experts are doing now... and people gobble up these predictions ..as if it is guaranteed.

So, what happens if the Spot ETF application are denied? What happens when the hype around the next Halving blows over.... will we still see those ATHs that are predicted? 

Yeah, it is all guessing, no one knows for sure.  To me the ETF is icing on the cake since it just opens up another avenue for people to get into the ecosystem.  And as far as the halving, well, every other halving resulted in higher prices due to stable or increased demand and a cut in the new supply by half. 

By their nature forecasts, the fore implies it should be something in the future, not what they see out the window now.  As you say, there forecast isn't much use.