Bitcoin (BTC), in its latest rally, has reached a record high of $72,000. Original crypto has risen by over 50% in the past month, nearly 50% in comparison to the previous one. BTC has also seen its price increase by nearly 253% in the last three years.
Kaiko Research has reported that BTC’s most recent rally generates around 1500 millionaires every day.
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Kaiko Research reports that, in spite of the rise in Bitcoin (BTC), millionaire wallets are still a relatively small number. The number was actually closer to 4,000 wallets per day during the 2021 bull market, which is more than double what it currently stands at. Kaiko Research believes that low numbers of millionaire accounts could be a result of a lack in new capital.
The report notes, ‘There was an influx of money in 2021 as bulls from all walks of life tried to profit off the hype surrounding crypto. Whales may be more cautious this time, and wait to see whether the gains are sustainable before they invest.‘
How high will Bitcoin (BTC?) go by 2024
As per ChangellyBTC could surpass the 80k mark in April and reach $87.101 by Apr. 8, 2024. To reach $87.101, a 21% increase from the current level would mean reaching $87,000. The platform also predicts that BTC will reach its maximum price of 113,151.68 dollars in 2024. This is a 57% increase from the current level.
TelegaonAccording to, Bitcoin (BTC), on the contrary, is expected to reach its maximum price in 2024 of $96,919.93. A rise of 34.8% would result from reaching $96,919.93.
BTC’s recent rally was likely caused by increased flows into BTC ETF products (Exchange Traded Funds). BTC is expected to experience a rally in the coming months as BTC undergoes its halves cycle. next month. Some consider that halving the cycle is a good thing, as it reduces rewards to miners and, therefore, decreases supply.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru
