- Bitcoin has surged 145% in 2024, topping $106,000 over the weekend.
- Bitcoin’s rise is fueled by bullishness around the incoming Trump administration.
- Forecasters at opposite ends of the spectrum predict that bitcoin’s value could range from $45,000 to as high as $500,000.
Bitcoin has been on a tear in 2024, surging 145% year-to-date and breaching the psychological $106,000 in recent days.
The volatile cryptocurrency has been a polarizing asset, but with an incoming Trump administration, combined with the launch of bitcoin ETFs earlier this year, it seems more and more investors are starting to embrace bitcoin.
But not everyone is bullish, and there are some on Wall Street who still see a coming correction in 2025. Here are the biggest bear and bull cases for the token next year.
Bitcoin will fall to $45,000: BCA Research
Chief global strategist Peter Berezin of BCA Research expects bitcoin to crash in…
