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Bitcoin’s bull run to $100,000 has begun, crypto executives say

Bitcoin bullrun naar $100k begonnen, aldus crypto-topmannen

At the moment Bitcoin (BTC) is rising quickly. Several altcoins are following the rapid rise and are also in the green by several percentage points. The top managers of the Crypto The industry therefore assumes that the Bitcoin bull run is now beginning. They predict a sharp increase in the price of the currency, with a potential value of $100,000 in 2024.

“We are at the beginning of the crypto bull run”

The Bitcoin price is currently at $42,300 against a major resistance level At. Over the past month, the value of the largest token has increased by more than 21%. And with a number of possible Bitcoin exchange funds on the horizon, the coin has the potential to continue to rise significantly.

A number of high-profile crypto industry executives expect Bitcoin to experience such a surge. Pascal Gauthier, CEO of Ledger said the media platform CNBC:

“It feels like 2023 is a year to prepare for the upcoming bull market. But the mood is very hopeful for 2024 and 2025.”

The previous one All-time high (ATH) of Bitcoin was achieved in November 2021. At that time, the token reached an astronomical value of $69,000 per Bitcoin. Considering that Bitcoin was at $17,000 at the start of this year and has risen to ⅔ of its ATH in a year, this record seems a lot less distant than initially thought.

Will Bitcoin Reach $100,000?

When Ledger’s CEO was asked if Bitcoin would reach $100,000, he replied “maybe.” According to him, we are currently seeing strong signs of this, but nothing is certain.

Vijay Ayyar, vice president of CoinDCX, said a Bitcoin price above $38,000 signifies a bull run. According to him, breaking this price could allow Bitcoin to rise sharply and end up between $45,000 and $48,000. However, he warns of a possible rejection of the application Bitcoin exchange funds can throw a spanner in the works.

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