BEAMSTART Logo

Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why

NewsBTC LogoNewsBTC11h ago

Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why - NewsBTC

Quick Summary:

Greer describes this development as “massive and underappreciated,” noting that it will “loosen financing in our industry substantially.” Related Reading: Analyst Sees Bitcoin Reaching $8 Trillion Market Cap: What Price Will This Surge Bring?

Secondly, other assets such as gold and China’s A-shares are attracting significant attention and capital, potentially diverting investment away from Bitcoin.“I still don’t think the market is allocated accordingly—2024 is a unique case where some portion of the market is underindexing on the Q4 asymmetry due to a) Nov 5 US election risk and/or b) other assets are screaming (gold, China A-shares etc.),” Greer remarks.

Greer also describes Bitcoin as a “reflexive asset.” She explains, “BTC is the ultimate reflexive asset: price -> flows -> price.” This means that as the price of Bitcoin increases, it attracts more investment flows, which in turn push the price even higher—a self-reinforcing cycle.


More Pictures

Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why - NewsBTC (Picture 1)

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 11:30:58 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 792 words

Reading Time: 5 minutes read

Sentences: 81 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22837976

View Article Analysis

About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why" has 792 words across 81 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why" was covered 11 hours ago by NewsBTC, a news publisher based in United Kingdom.

How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 4 news stories per day.

It's most recent story was published 13 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22837976
  • URL: https://beamstart.com/news/bitcoin-price-could-skyrocket-to-17277882399531

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.