Bitcoin Price Prediction: $180,000 by End of 2024, Says 3iQ’s Head of Research

Bitcoin is predicted to reach new heights, with 3iQ’s head of research, Mark Connors, forecasting a price of $180,000 by the end of 2024. This optimistic outlook is dependent on the actions of the Federal Reserve, as global economic conditions continue to be uncertain.

The recent drop in the Japanese yen and stagnant interest rates have caused concern among investors, leading many to seek safer assets like gold. However, Connors believes that the Federal Reserve will intervene to stabilize the market and boost confidence in riskier assets like Bitcoin.

Option traders are already betting on Bitcoin reaching $100,000 by September, showing a growing optimism in the cryptocurrency market. Research firm Bernstein also predicts a surge in Bitcoin’s value, estimating it could reach $150,000 by 2025.

Despite these positive forecasts, Connors advises caution to traders, as market volatility and geopolitical tensions continue to pose risks. The recent fluctuations in the Japanese yen serve as a reminder of the unpredictable nature of the global economy, with Connors warning of a potential shift towards a risk-off sentiment among investors.

As Bitcoin and other cryptocurrencies experience fluctuations in value, it is essential for investors to stay informed and make strategic decisions. With the crypto market constantly evolving, staying updated on the latest news and trends is crucial for success in this rapidly changing landscape.