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Peter Davis

An writer at FOMOdrive

  • Aug 28, 2023
  • 2 min read

Morgan Creek and Fundstrat reveal what to expect from Bitcoin in 2024

If the global economy were to crash, it is possible that Bitcoin could be worth $1 million.

It is anticipated by Raul Pal that crypto assets will experience considerable growth during the fourth quarter.

Since 2010, 1005 bitcoins have been dormant, but now they have awoken.

The co-founder of Tron holds more than 100,000 Bitcoin.

The trading volume of the SEI token surpassed that of the largest crypto assets.

Mark Yusko, the CEO of Morgan Creek Capital, a venture capital firm, has predicted that if a bitcoin ETF is approved in the US, the value of the first cryptocurrency could reach between $100,000 and $150,000 by the middle of next year.

Tom Lee of Fundstrat has predicted that if the ETF is approved, Bitcoin could soar to as high as $150,000 or even $180,000.

Raul Pal, CEO of Real Vision TV, anticipates a significant expansion in crypto assets during the fourth quarter. He likened bitcoin and other digital currencies to "a supermassive black hole that will absorb other asset classes" and draw liquidity from them.

If the global economy were to collapse, Robert Kiyosaki predicted that the value of the first cryptocurrency would increase to $1 million.

Justin Sun, co-founder of Tron, has declared himself a "Bitcoin supporter" and has revealed that he holds more than 100,000 BTC.

Between March and May of 2023, the Federal Bureau of Investigation (FBI) seized $1.7 million worth of different digital assets, as reported by the agency.

The CFTC has granted Coinbase a futures broker license (FCM), which will enable certain US customers to engage in cryptocurrency-based futures trading.

It was observed that 1005 BTC had been transferred from a wallet that had been inactive for 13 years, leading some members of the crypto community to speculate that Satoshi Nakamoto himself was behind the transaction.

On Tuesday, the Sei Network blockchain project was launched, and the trading volume of its new SEI crypto token exceeded $1.6 billion per day, outperforming major crypto assets such as XRP, BNB and Dogecoin (DOGE) in terms of turnover. The developers of the project are aiming to create a network for high-frequency trading applications with a high transaction processing speed.

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