Leading cryptocurrency BitcoinWhile preparing for the halving event expected to take place in April, BTC Rising expectations are increasing.
At this point, while the giant bank Standard Chartered increased its 2024 year-end BTC target to $ 150,000, Acheron Trading CEO Laurent Benayoun predicted that the Bitcoin price could increase by another 150% during the current bull market cycle.
At this point in the bull cycle BTC price up to $180,000 Stating that the price may rise, the famous CEO said that ETFs and the decrease in supply after the Bitcoin halving will be effective in this rise.
Speaking to Cointelegraph, Laurent Benayoun stated that the current bull cycle peak will be $180,000 and said:
“If we look at Bitcoin’s past performance, the supply decreases in every cycle. Since the supply will be halved in this cycle, the BTC price may reach 2 to 3 times what we have seen in previous cycles.
“I predict Bitcoin will reach $120,000 to $180,000 per unit.”
The famous CEO stated that the loosening of financial policy in the USA will contribute to the appreciation of the Bitcoin price. “The market is pricing in a decline in interest rates because interest rates have been flat, so it is reasonable to expect interest rates to fall in the near future. “A possible reduction in interest rates will have a positive impact on the BTC price.” said.
*This is not investment advice.
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