Bitcoin to Surpass $45k Mark; What to Expect in 2024?

Bitcoin is on the track to hit $45k by year-end, but what's next in 2024?

Bitcoin is a decentralized digital currency that was introduced in 2008 by an anonymous creator or group of creators using the name Satoshi Nakamoto. Bitcoin uses blockchain technology to secure and verify transactions without the need for any central authority or intermediary. Bitcoin is the world's first and most popular cryptocurrency, and it has inspired the development of many other cryptocurrencies and applications based on blockchain technology. Bitcoin can be used to store value, make payments, and exchange goods and services online or offline. Bitcoin can be obtained by buying, selling, trading, or mining.

Current Price of Bitcoin: The current price of Bitcoin as of December 20, 2023, is US$43,981.64. The price of Bitcoin is known for being highly volatile and influenced by various factors, such as supply and demand, adoption and innovation, regulation and competition, and market conditions and trends. Therefore, the price of Bitcoin may change significantly over time and may differ across different platforms and exchanges. You can check the live price, historical performance, charts, and other information on Bitcoin on various websites.

Bitcoin Halving in 2024: Bitcoin halving is an event that occurs every 210,000 blocks, or approximately every four years, on the Bitcoin network. It reduces the number of new bitcoins generated per block by 50%, creating a supply shock that increases the scarcity and value of the cryptocurrency. The next Bitcoin halving is expected to occur in April 2024, when the block reward will drop from 6.25 BTC to 3.125 BTC. Historically, Bitcoin halving has been followed by significant price increases, as the demand for the limited asset outstrips the supply. However, the exact impact of the halving on the price of Bitcoin depends on various factors, such as the adoption and innovation of the technology, the regulation and competition in the industry, and the market conditions and trends. Therefore, Bitcoin halving is a highly anticipated and influential event for the Bitcoin community and the cryptocurrency market.

Price Prediction: The value of Bitcoin might rise by double digit and reach $61,544.84 by 2030, based on your input for the price forecast. The consensus rating indicates that the attitudes are bullish right now.