How much could bitcoin be worth

BEN EMONS: So one difference with Bitcoin with Ethereum is that Ethereum has unlimited supply, because it's a gas. That's actually how it's created. But people looking at the correlation between the two, and people have always said, like, well, Ethereum is really the benchmark for blockchain technology. How much will bitcoin be worth in As she explained, all of the recent price action has happened before any wirehouse has gotten in on the Bitcoin game. These wirehouses provide essential services in the financial world such as investment advisory, wealth management, and brokerage services, and consist of household names like Morgan Stanley, Wells Fargo and Bank of America. If these heavyweights adopt Bitcoin, it could set off a domino effect that inevitably catapults the cryptocurrency to new heights. But as Wood put it simply, until the wirehouses join in, "We haven't even begun."

➤ MORE: Bitcoins held by public companies New Bitcoin Securities Bitcoin is unique in that there are a finite number of them: 21 million. Satoshi Nakamoto, bitcoin's enigmatic founder, arrived at that number by assuming people would discover, or "mine," a set number of blocks of transactions daily.

According to average optimistic estimates, Bitcoin growth by the end of 2024/beginning of March next year will be about 114%. So the profit will be $114. However, the increase could even be 190%. But, Is It Sure? To date, bitcoin has not been adopted widely as a way to purchase goods and services. Therefore, bitcoiners who believe its price will rise tend to emphasize its potential as a digital equivalent of gold—a commodity whose limited supply allows owners to hedge against inflation and general economic calamity.

Sciberras says spot bitcoin ETF approval could be a key factor influencing bitcoin’s price in 2024. According to Sciberas, these approvals would not only necessitate physical bitcoin purchases—which would lift prices—but it would also add a considerable air of legitimacy to cryptocurrency more broadly. Litecoin Price Prediction for 2024 and Beyond Previous bitcoin halvings have caused the price of bitcoin to rise to all-time highs in the months that follow the events. This time, though, is unique since in the months before the halving, the price of bitcoin already hit a new all-time high. The spot bitcoin exchange-traded funds (ETF) drove a large portion of the current rise, which may indicate that market demand influences bitcoin prices more than halving occurrences.