The firm’s latest “Blockchain Letter” highlights its bullish outlook for 2024 and further dives into various driving factors.
For instance, the last halving in 2020 saw a huge spike in the BTC price within the subsequent months.Ripple Labs secured a favorable legal outcomeThe ruling uplifted the market sentiment, reinforcing the view that regulatory frameworks could be more accommodating to cryptos in the future. While the firm successfully predicted Bitcoin’s surge to its high of around $63,000 in April 2021, it also had its share of miscalculations, like the underestimated prediction of $6,500 in April 2018.Based on the upcoming 2024 halving, Pantera estimates that the Bitcoin price will trade at about $35,000 before the event.
While Bitcoin BSC is still in its early stages, early buyers can capitalize on its upside potential over the coming months. Unlike the traditional Bitcoin, which operates on a Proof-of-Work model, BTCBSC leverages a Proof-of-Stake approach. This feature allows you to earn just by holding and staking your tokens.
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