According to the specialist, the first growth factor is growing demand from investors.
“More and more large investment companies and companies from the traditional financial sector are including Bitcoin in their investment portfolios.
This increases demand,” Antonov said.
He also recalled that in January 2024, the first exchange-traded funds following the Bitcoin rate were launched, which opened up access to investing in Bitcoin through brokerage accounts and platforms.
The third, no less important factor, according to RT’s interlocutor, is the approaching Bitcoin halving.
“This predetermines a reduction in the issue of new coins and expectations of a supply shortage against the backdrop of growing demand.
Halvings have historically launched new bullish cycles with rising prices,” Antonov explained.
According to his forecast, if the current bullish trend continues, by the end of 2024 the cost of Bitcoin could be about $100 thousand.
“However, recessions are also possible due to high volatility.
But in the long term, Bitcoin retains its growth potential as a new investment asset,” concluded RT’s interlocutor.
Earlier it became known that the cost of Bitcoin during the trading session rose to almost $70 thousand and reached a new historical maximum.