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My opinion on the price of bitcoin
The current Bitcoin price is approximately $96,000â$98,000.
Key factors influencing its valuation include the 2024 halving, which reduces Bitcoinâs supply, approval of Bitcoin spot ETFs that attract institutional funds, and fiat currency instability, which strengthens Bitcoinâs role as an inflation hedge.
Price predictions for 2024:
- Conservative range: $80,000â$100,000.
- Optimistic range: $150,000â$180,000, with long-term potential reaching up to $400,00
However, the crypto market is highly volatile. Always DYOR before making investment decisions, as the risks remain significant. 0 reply
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