Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

IOTA Hits Major Milestones in Q2 2025 with Rebased Mainnet and TWIN Global Launch

July 7, 2025

Sudden $8,000,000,000 Bitcoin Wallet Movement Potentially Result of Hack, According to Coinbase Executive

July 7, 2025

Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

July 7, 2025

Stop obsessing over protocols and fix the front door

July 7, 2025

Two jailed for £1.5M crypto scam amid FCA crackdown on financial fraud

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

    July 7, 2025

    Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

    July 7, 2025

    Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

    July 7, 2025

    Metaplanet Boosts Bitcoin Stack to 15,555 BTC

    July 7, 2025

    XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Crypto News » Matrixport’s Compelling Case: Bitcoin’s Path to $125,000 by 2024
Crypto News

Matrixport’s Compelling Case: Bitcoin’s Path to $125,000 by 2024

Crypto Observer StaffBy Crypto Observer StaffDecember 1, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

With the highly-anticipated Bitcoin halving just four months away, the world’s largest crypto asset is witnessing a strong rally driven by expectations of growing institutional demand.

On December 1st, Bitcoin briefly surged past $38.8k, a threshold not observed since May 2022. Although it quickly dipped below $38.3k, Matrixport’s report presents a compelling case for Bitcoin’s ascent to $125,000 by the end of 2024, drawing on historical trends, halving events, and macroeconomic indicators.

Catalysts for Bitcoin’s 2024 Bull Run

According to the prediction of Matrixport analysts, the current cycle is poised for another three-year bull market, with 2023 already showing promising signs with a growth of over 123%.

The report emphasized the positive correlation between Bitcoin halving events and bullish market conditions.

Historical data revealed that the years when Bitcoin mining rewards were halved were generally bullish. For instance, there was an 186% increase in 2012, 126% in 2016, and subsequently almost 300% in 2020.

Matrixport postulates that miners’ tendency to hoard Bitcoins before each halving, coupled with the ensuing scarcity, could propel prices by approximately 200%, paving the way for Bitcoin’s ascent to $125,000.

Furthermore, it reiterated its prediction that Bitcoin will reach $63,140 by April 2024.

As per the prominent digital asset platform’s inflation model, the macroeconomic environment will continue to favor crypto.

Anticipating a decline in inflation, Matrixport believes the Federal Reserve is resorting to interest rate cuts to sustain economic stability. This “healthy dose” of monetary policy, combined with geopolitical crosscurrents, is seen as a potent catalyst that could propel the crypto-asset to new heights in 2024.

Bitcoin $120,000 Prediction

Matrixport’s forecast aligns with the predictions of one of the prominent British banking institutions, Standard Chartered.

In July, Standard Chartered anticipated that Bitcoin’s price could reach $50,000 by the end of the year and surge to $120,000 by the close of 2024.

The banking institution hasn’t always expressed such optimism. It has mostly been known for a contrasting view. In December 2022, Eric Robertsen, the Global Head of Research at Standard Chartered, suggested that Bitcoin might decline to $5,000 in 2023, particularly in the aftermath of the FTX crash. Therefore, the bullish stance holds particular significance given the institution’s contrasting historical stance.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

July 7, 2025

Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

July 7, 2025

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

July 7, 2025

Metaplanet Boosts Bitcoin Stack to 15,555 BTC

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

IOTA Hits Major Milestones in Q2 2025 with Rebased Mainnet and TWIN Global Launch

July 7, 2025

Sudden $8,000,000,000 Bitcoin Wallet Movement Potentially Result of Hack, According to Coinbase Executive

July 7, 2025

Brazil’s Central Bank Hacked—$40M in Bitcoin Lost In Aftermath

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Dogecoin (DOGE) Posts Biggest Daily Gains as Bitcoin (BTC) Taps $109K: Market Watch

July 7, 2025

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This’

July 7, 2025

Metaplanet Boosts Bitcoin Stack to 15,555 BTC

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.