EXCLUSIVE: Bitcoin Hits New All-Time High: Here's When Benzinga Readers Think $100K Milestone Could Be Reached
Portfolio Pulse from Chris Katje
Bitcoin (BTC) reached a new all-time high of $69,170.63, surpassing its previous 52-week high. The surge is attributed to the SEC's approval of Bitcoin ETFs and growing investor interest. A Benzinga poll revealed that over half of the respondents believe Bitcoin could hit $100,000 sooner than expected, with experts and analysts predicting it could reach this milestone by the end of 2024. Notable predictions include Ark Invest CEO Cathie Wood's 2030 target of $682,000 to $1.48 million, and other experts foreseeing $100,000 to $200,000 by 2024-2025.
March 05, 2024 | 10:59 pm
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Bitcoin reached a new all-time high of $69,170.63, with significant interest following the SEC's approval of Bitcoin ETFs. Over half of a Benzinga poll's respondents believe it could hit $100,000 soon, supported by expert predictions for 2024 and beyond.
The new all-time high and the approval of Bitcoin ETFs signify strong market confidence and increased institutional interest in Bitcoin. The optimistic poll results and expert predictions for reaching $100,000 by 2024 or sooner highlight a bullish outlook for Bitcoin in the short to medium term. This analysis is based on the current market sentiment, expert opinions, and the historical significance of Bitcoin ETF approvals.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100