Swan Bitcoin: Bitcoin Hits $50K – FOMO Rally to All Time Highs Next?

2024 could be a breakout year for bitcoin. The cryptocurrency more than doubled in 2023 from its 2022 lows. But the approval and trading of 11 bitcoin ETFs have given the crypto a surge in demand.

Already, these ETFs have attracted nearly $30 billion in investor interest. And money will continue to trickle in, now that these ETFs can be used to passively acquire bitcoin in a retirement account. That suggests that there could be more upside ahead.

Even better, bitcoin is on track for its next halving in April. That’s the event that causes new bitcoin supply to get cut in half.

Since its inception, bitcoin has already gone through three halvings. Each halving cycle has led to a massive jump higher in price in the subsequent months.

It’s possible that bitcoin moves to $100,000 by the end of the year. If so, that would mark a new all-time high compared to 2021’s all-time high just shy of $70,000.

The combination of rising demand and reduced future supply bode well for prices.

Investors may not see the massive price jumps of prior bitcoin moves. But they can likely see market-beating returns with bitcoin this year. One bitcoin starts to make new highs, so too will other cryptos as traders look to catch-up.

To get the full data on why bitcoin is poised to surge higher, click here.