Bitcoin is predicted to reach $ 100,000 by 2024

Blockstream CEO Adam Beck is confident that the flagship cryptocurrency will reach a historic high of over $ 100,000 by 2024. The analyst stated that he is ready to bet a million satoshis (approximately $ 290) on this.

Satoshi is the smallest divisible unit of bitcoin, and one BTC contains 100 million Sat. Thus, the bet is almost insignificant for Beck, given that his wealth is estimated to be between $ 50 and $ 300 million.

In a thread on the X platform (formerly Twitter), Beck got into a heated discussion with the user @Vikingobbitcoin, as he is sure that the main cryptocurrency will not grow before 2025.

Despite the small bet, it provoked several mocking responses from Beck’s followers in the comments. However, crypto experts were able to spot a «growing bullish trend for BTC» in the flurry of criticism.

Meanwhile, popular cryptocurrency analyst Tony Weiss predicts that the main cryptocurrency will fall to $ 20,000. Weiss notes that if bitcoin does not stay above $ 25,000, the market may panic and then the BTC rate will fall much lower. «The rate needs to turn around immediately, and I mean this month. We don’t have room to fall for another month, otherwise the market will panic, and I wouldn’t be surprised if BTC trades below $ 20,000. Miners will also start selling their stocks, which is very dangerous,» Weiss warned.

As of the morning of August 7, according to CoinMarketCap, bitcoin was trading at $ 29,027 with a market capitalization of $ 564.59 billion. Traders made daily trading deals worth $ 8.16 billion.