As the leading cryptocurrency Bitcoin prepares for the halving event, which is expected to take place in April, bullish expectations for BTC are increasing.
At this point, while the giant bank Standard Chartered increased its 2024 year-end BTC target to $ 150,000, Acheron Trading CEO Laurent Benayoun predicted that the Bitcoin price could increase by another 150% during the current bull market cycle.
Stating that at this point, the BTC price could rise up to $180,000 in the bull cycle, the famous CEO said that ETFs and the decrease in supply after the Bitcoin halving will be effective in this rise.
Speaking to Cointelegraph, Laurent Benayoun stated that the current bull cycle peak will be $180,000 and said:
“If we look at Bitcoin's past performances, the supply decreases in each cycle. Since the supply will be halved in this cycle, the BTC price may reach 2 to 3 times what we saw in previous cycles.
“I predict Bitcoin will reach $120,000 to $180,000 per unit.”
The famous CEO stated that the loosening of financial policy in the USA will contribute to the appreciation of the Bitcoin price and said, “The market is pricing in a decrease in interest rates because interest rates are horizontal, so it is logical to expect interest rates to decrease in the near future. A possible reduction in interest rates will have a positive impact on the BTC price.” .” said.
*This is not investment advice.
