Crypto Analyst Lark Davis Predicts Bitcoin Boom In 2024: 'Can You Smell The Money?'
Portfolio Pulse from Benzinga Neuro
Crypto analyst Lark Davis predicts a bullish 2024 for Bitcoin, attributing the potential upswing to the U.S. elections and expected Federal Reserve interest rate cuts. He cites historical stock market performance during election years and Goldman Sachs's prediction of three rate cuts in 2024 as factors that will drive capital into crypto assets. Despite recent market turbulence, Davis's forecast suggests a positive outlook for Bitcoin.
April 05, 2024 | 2:34 am
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Lark Davis predicts a bullish 2024 for Bitcoin, driven by U.S. elections and Federal Reserve interest rate cuts, suggesting a positive short-term impact on Bitcoin's price.
Davis's prediction is based on historical data showing stock market gains during election years and the expectation of Federal Reserve rate cuts, both of which are likely to increase investor capital in crypto markets. Given Bitcoin's current positive year-to-date performance and its integration into Wall Street, these factors could significantly impact its price.
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