As bitcoin continues to trade in a range-bound fashion this summer, analysts are looking ahead to a volatile end to 2024.
Roundtable anchor Rob Nelson recently discussed price targets with experts, including George Tung, host of CryptosRUs. George confidently stated that there’s “a really good shot” Bitcoin could break $100,000 by year’s end.
Gav Blaxberg, CEO of WOLF Financial, offered a more conservative view, predicting Bitcoin might reach $80,000, though he remained bullish on the overall market, acknowledging, “Maybe I’m a little bit more conservative, but I like George’s optimism.”
Rob Nelson also brought in Rob Chang, CEO of Gryphon Digital Mining, who provided an ambitious perspective. He suggested that $100,000 is “definitely doable” and, depending on market volatility, Bitcoin could even reach “125K, 150K.” Though it may seem like a stretch, he pointed out that such growth is possible given Bitcoin’s history.
Those estimations are roughly in-line with what Fundstrat’s Sean Farrell has predicted for bitcoin in 2024. In 2023, the crypto analyst nearly perfectly called bitcoin’s price path.
Each panelist provided a mix of cautious optimism, reflecting the unpredictable yet exciting future of Bitcoin.
