Bitcoin is expected to increase in value to $ 110,000

A crypto analyst under the pseudonym CryptoKaleo has shared his own forecast of bitcoin’s value reaching $ 110,000 at the end of 2024.

According to CryptoKaleo on Twitter, BTC is expected to hit a historic high in 2 years. Over the next five months, the analyst said, the value of the flagship cryptocurrency will fluctuate between $ 16,000 and $ 30,000. And in January 2023, the asset will start to grow «incredibly fast,» to an average of $ 50,000, at the same time as prices for other cryptocurrencies and NFTs will increase.

«In late 2024 or early 2025, we will finally see a new historical high of bitcoin and six figures,» Kaleo predicted. The analyst believes that the price of bitcoin will fluctuate around $ 110,000, and this may «even be enough to outpace inflation.»

Interestingly, not all analysts agree with such optimistic forecasts. For example, experts from Cane Island Alternative Advisors recently stated that cryptocurrency markets could lose 20%-40% of their capital starting in mid-July. In general, as many analysts as there are, there are many different predictions, which name different figures: 700% growth, 1100% growth, and 40% decline.