Is Bitcoin Headed Up, or Down? 🪙🔮

Bitcoin's price has hit all time highs ... can it sustain the momentum?

Author

Pete Cashmore
March 14, 2024

Will Bitcoin's price be higher or lower in a year? 🪙🔮

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The backstory:

  • Bitcoin has hit an all-time high of over $70,000.

  • The rise has been spurred by the approval of Bitcoin ETFs, which allow investors to add Bitcoin to their portfolios more easily.

  • But Bitcoin has seen big bull runs in the past: Will the momentum sustain?

Our question of the day is: Will Bitcoin’s price be higher or lower in a year? 🤔 

Our take:

❝

We may see volatility in the short term, but my guess is the price is higher a year from now because ETF investors are less likely to bail. (Not financial advice!)

— Pete

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