2 in 3 Believe Bitcoin Will Hit $100,000 in 2024 – Survey

The question of whether “Bitcoin will reach $100,000 in 2024” has been on the minds of many investors, with financial experts and market analysts offering a range of predictions. With various bold claims circulating that Bitcoin could soar to $100,000 by the end of 2024, Real Research decided to gauge public sentiment through a comprehensive survey.

Key Findings:

• Will Bitcoin reach $100,000 in 2024? Yes, says 68.44% of surveyed respondents.
• A majority (27.18%) believe a steady flow of Bitcoin ETFs (exchange-traded funds) could be the key to reaching $100,000.
• Over 66% are still inclined to invest in Bitcoin, considering a potential $100,000 price tag.

Will Bitcoin Reach $100,000 in 2024?

The buzz around Bitcoin’s potential to hit the $100,000 mark this year has sparked a mix of excitement and skepticism among crypto enthusiasts and financial analysts alike.

Interestingly, over 72% of respondents were aware of the prediction that Bitcoin could hit six figures by year’s end. This awareness translates into a positive outlook, with 68.44% believing Bitcoin will reach $100,000 in 2024.

On the other hand, 31.56% expressed concerns about regulatory hurdles and broader economic uncertainties impacting Bitcoin’s trajectory towards $100,000 this year.

Read Also: 7 in 10 Claimed They Would Invest in Bitcoin as It Continues To Reach Its All-Time High

Bitcoin Will Reach $100,000 in 2024 If…

…there would be continuous flows in Bitcoin ETFs, according to the majority (27.18%). Others believe such a trajectory would happen if there’s an increase in institutional investment (23.12%), positive regulatory developments (23.26%), or the possibility of cutting global interest rates (26.44%).

Bitcoin Price Prediction 2024

Several bold predictions have been made about Bitcoin prices in 2024 by prominent crypto entities. Among these, Binance’s projection of $76,600 is believed by the majority (45.54%) to happen. Others expect Bloomberg’s analysts’ prediction of $70,000 (31.74%), Long Forext’s $83,000 (9.62%), and Standard Chartered’s $120,000 (4.82%). Notably, only 8.28% hope for Grayscale’s bold prediction that “Bitcoin will reach $100,000 in 2024.”

Furthermore, the bullish sentiment extends beyond the potential for a $100,000 Bitcoin, with 64.8% agreeing with MicroStrategy’s long-term prediction of a $600,000 Bitcoin by 2026.

To Buy or Not to Buy?

But while some view the potential rise of Bitcoin to $100,000 as a tremendous investment opportunity, others worry about the risks associated with investing in such a volatile asset.

Even so, considering Bitcoin will reach $100,000 in 2024, the majority (66.12%) expressed a strong inclination towards investing in BTC.

Finally, the survey sheds light on the expected timeframe for Bitcoin to reach $100,000. The majority of respondents (46.26%) believe it will happen in the last quarter of the year. The rest expect it to happen either in the third quarter (33.2%) or this June (20.54%).