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Crypto 2024: 12 Bitcoin Expert Projections

Last Updated January 1, 2024 11:57 AM
Andrew Kamsky
Last Updated January 1, 2024 11:57 AM
  • Bitcoin’s 2024 price will hinge on regulatory environments, public perception, and institutional adoption.
  • Regulatory changes will crucially impact Bitcoin’s stability and growth prospects in 2024.
  • Increased corporate and institutional engagement is expected to significantly boost Bitcoin’s value.
  • Global economic factors, including inflation and market shifts, will closely influence Bitcoin’s valuation.

Since its inception, Bitcoin has been subject to notable price swings, capturing the interest of individual traders, significant investors, and the public alike. The price of Bitcoin can rise significantly, driven by increased adoption, limited supply, and growing institutional interest. 

Factors That Affect The Price Of Bitcoin

Understanding Bitcoin volatility and discovery requires insight into several critical aspects that impact Bitcoin price movement. Key factors that contribute to Bitcoin’s price volatility include:

Bitcoin Regulatory Environment

Government stances significantly affect Bitcoin’s path. Positive and clear regulations can enhance investor trust and lead to growth, while strict rules or prohibitions can cause instability.

Public Perception Of Crypto

How Bitcoin is viewed by the public, influenced by media, influential figures, and overall market behavior, can significantly affect its value.

Corporate And Institutional Engagement

As more prominent businesses and financial entities adopt and utilize cryptocurrency, it lends greater legitimacy and potentially boosts its value.

Global Economic Factors

Worldwide economic conditions, including inflation, recessions, and stock market shifts, often parallel impact Bitcoin’s valuation.

Supply-Demand Dynamics

Like any traded asset, Bitcoin’s value is influenced by supply and demand. The halving events diminish the available supply and could push prices up, especially if demand remains consistent.

What Will Bitcoin Be Worth In 2024? Experts’ Insights

Several experts in the field, both individual and institutional, are bullish on the price of Bitcoin moving into the year 2024. These forecasts can be seen below:

2024 bitcoin prices prediction chart
2024 Bitcoin price predictions from experts in the field

Cathie Wood | CEO Ark Invest | $600K

Cathie Wood of ARK Invest predicts Bitcoin could reach $650,000 in 2024 to $1.5 million by 2030, with her optimism spawning from a potential spot Bitcoin ETF and Bitcoin’s decentralized nature, contrasting with centralized entities like FTX. 

This prediction entails a crypto market cap representing over half of a projected $25 trillion total crypto market, emphasizing Bitcoin’s role as a unique global digital monetary system.

Mike Novogratz | CEO Galaxy Digital | $500K

Mike Novogratz Prediction For 2024
Mike Novogratz Prediction For 2024

Mike Novogratz, a prominent Bitcoin advocate and CEO of Galaxy Digital, has significantly revised his earlier bullish predictions for Bitcoin.

In 2021, he had anticipated Bitcoin reaching $500,000 by 2024, even planning a commemorative tattoo for the milestone. Novogratz maintains a long-term optimistic view, believing Bitcoin will eventually hit $500,000, though not within the next five years.

His current outlook is influenced by Federal Reserve Chair Jerome Powell’s firm stance on interest rates, which Novogratz has forecasted as a barrier to a rapid return to Bitcoin’s previous highs.

Tim Draper | Billionaire Investor | $250K 

Billionaire investor Tim Draper, known for his early advocacy of cryptocurrency, has adjusted his prediction for Bitcoin’s value. Initially, Draper forecasted that Bitcoin would reach $250,000 by June 2023. 

However, he recently acknowledged that this target might be delayed until 2025, attributing the postponement to unexpected aggressive enforcement actions by the U.S. government, particularly the Securities and Exchange Commission  (SEC), against crypto companies. 

Draper remains optimistic about Bitcoin’s value and underlying technology, envisioning a future where financial transactions and operations are conducted entirely in Bitcoin, leveraging blockchain’s transparency and efficiency. 

Max Keiser | American Broadcaster | $220K 

Max Keiser Prediction For 2024
Max Keiser Prediction For 2024

Max Keiser, a seasoned financial broadcaster and Bitcoin advocate, has long been known for his outspoken and sometimes controversial predictions.

Keiser’s unique insights into Bitcoin’s price movements and broader global economic implications provide a thought-provoking perspective. Max advocated for Bitcoin when it was just $1 and has been one of the earliest adopters and most influential figures in the space.

Fundstrat | Research Firm | $180K

Fundstrat, a prominent research firm, has set an ambitious target for Bitcoin, predicting it could soar to $180,000 by its 2024 halving. 

This forecast is based on two major factors being: the potential launch of a Bitcoin exchange-traded fund (ETF) and the historical influence of previous halving events on Bitcoin’s price. 

Fundstrat’s projection reflects a bullish stance on Bitcoin’s future, buoyed by these significant market developments and anticipated changes in the cryptocurrency landscape.

Standard Chartered | Investment Bank | $120K

Standard Chartered has revised its Bitcoin price forecast, now estimating it will hit $50,000 by the close of 2023 and then escalate to $120,000 by the end of 2024.

This projection represents an upward revision from the bank’s earlier forecast, which anticipated Bitcoin reaching a value of $100,000 by the conclusion of 2024, showcasing an increasingly optimistic view of Bitcoin’s market potential in the next few years.

Robert Koyosaki | Author Investor | $120K 

Numerous well-known individuals have forecasted that Bitcoin will eventually reach $100,000.

Among them is Robert Kiyosaki, the American investor and author of “Rich Dad, Poor Dad,” who predicts a potential surge in Bitcoin’s price to $120,000 by 2024, driven by a decline in the U.S. dollar.

Adam Back | Computer Scientist | $100K

Adam Back, renowned as a pioneering figure in the Bitcoin community, projects that the cryptocurrency will hit the $100,000 mark by March 31, 2024. 

Adam Back Prediction For 2024
Adam Back Prediction For 2024

His prediction considers the pivotal role of Bitcoin miners and the anticipated impact of the upcoming halving event. According to Back, this event, set to reduce the reward for mining Bitcoin transactions, could propel its value close to $100K, setting the stage for a significant milestone in Bitcoin’s valuation journey.

Jesse Myers | OnRamp Capital | $100K

Jesse Myers of OnRamp Capital believes that Bitcoin will surpass the $100,000 mark only after the 2024 block subsidy halving.

He anticipates that it will take the market between a year to 18 months to fully adjust to the effects of the halving. This perspective suggests a more gradual increase in Bitcoin’s value, following the pattern set by the significant event in the cryptocurrency’s ecosystem, which alters the rate at which new Bitcoins are generated.

Arthur Hayes | CEO BitMEx | $70K

BitMEX’s founder, Arthur Hayes, envisions Bitcoin potentially reaching $70,000 by 2024 amid a more conservative short-term outlook. 

He predicts a significant surge in Bitcoin’s value, with a long-term projection of $750,000 to $1 million by 2026. In his recent interview , Hayes pointed to Bitcoin’s limited supply, the introduction of Bitcoin spot ETFs in regulated markets, and geopolitical uncertainties as significant factors driving this anticipated growth. 

He underscored the importance of Bitcoin’s capped supply at 21 million coins, which he believes will fuel demand. Additionally, Hayes anticipates a bullish trend across all asset markets, influenced by central bank policies. 

While his predictions for the near future are modest, with Bitcoin possibly hovering around $38,000 this year, his long-term forecast is notably optimistic. 

Berenberg | Investment Bank | $56.6K

The investment bank Berenberg has updated its forecast for Bitcoin, setting a target of $56,630 for April 2024. This revised prediction is shaped by the anticipated 2024 Bitcoin halving event, which is expected to impact the supply dynamics significantly and increase interest from institutional investors.

Considering these key market developments, Berenberg’s projection reflects a cautious yet optimistic outlook on Bitcoin’s future.

JP Morgan | Investment Bank | $45K

JP Morgan analysts predict Bitcoin (BTC) could reach $45,000 in 2024, a slight premium to its current trading price. Bitcoin trades at $38,000 (at the time of writing), approximately 20% below JP Morgan’s forecast.

This bullish outlook is partly based on the belief that investors see Bitcoin as interchangeable with gold and also considers the impact of the upcoming Bitcoin halving event scheduled for next April or May. This represents a notable change in the narrative around Bitcoin and cryptocurrencies.


The price of Bitcoin in 2024 is expected to be influenced by regulatory policies, public perception, institutional adoption, global economic conditions, and supply-demand dynamics.

Expert predictions vary, with estimates ranging from $45,000 to $600,000. These projections reflect optimism about Bitcoin’s future amid challenges in a dynamic market, highlighting its potential growth and continued relevance in the financial landscape.


What factors will influence Bitcoin’s price in 2024?

Bitcoin’s 2024 price will be shaped by regulatory environments, public perception, corporate engagement, global economics, and supply-demand dynamics.

How will regulatory changes impact Bitcoin in 2024?

Government regulations will significantly affect Bitcoin’s stability and growth in 2024, with clear policies potentially boosting investor trust.

What Role will institutional adoption play in Bitcoin’s 2024 valuation?

Bitcoin’s value in 2024 could rise with increased corporate and institutional engagement, lending legitimacy and boosting its value.

How might global economic factors affect Bitcoin in 2024?

Worldwide economic conditions, including inflation and market shifts, will likely parallel Bitcoin’s valuation in 2024.

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