Analyst says that 2024 will be a period of growth for bitcoin

Cryptocurrency fund manager Dan Tapiero has predicted that bitcoin will experience a period of growth in 2024. The analyst told his 111,000 subscribers on the X platform.

The expert emphasized that bitcoin is likely to continue to show significant growth next year after its rapid growth in 2023. «What's not clear here? Bitcoin has grown by 160% since the beginning of the year and is approaching a maximum at the end. The charts indicate that 2024 will be a year of big growth. Institutional investors cannot ignore the most profitable asset of all time,» the expert emphasized.

Dan Tapiero also explained that gold is forming a bullish cup-and-handle price pattern and believes that the Federal Reserve will soon cut interest rates. According to the expert, this will give a boost to the yellow metal along with bitcoin and ethereum. «Gold looks so explosive. I have said many times that an epic rally has been taking place over the past few months. A collapse in interest rates plus diversification away from the dollar is probably in play. The target is $ 2300-$ 2500,» he said in his forecast for bitcoin and ETH.