"Wall Street Forecasts High-Risk Crypto Boom and Bitcoin's 2024 Price Surge"
Despite the crypto market's volatility, financial institutions are bullish on Bitcoin's price for 2024, with predictions ranging from $80,000 to over $600,000. Messari suggests Bitcoin could reach parity with gold, predicting a value over $600,000. VanEck expects inflows into Bitcoin ETFs to drive the price to $275,000, while ETC Group forecasts a more conservative rise above $100,000, citing the Bitcoin Halving as a key factor. Bitwise anticipates a price above $80,000, highlighting Bitcoin's strong performance and the potential impact of a new spot Bitcoin ETF and the upcoming Halving event. These predictions reflect a collective optimism about Bitcoin's future, driven by its historical performance, increased adoption, and anticipated capital inflows from new investment products.