Do you think it's possible for Bitcoin to reach a price of $288K?

[pakhitheboss]

Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.

From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.

The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?

[JISAN]

We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more.  Then you will get a very good profit from Bitcoin

[milewilda]

We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more.  Then you will get a very good profit from Bitcoin

It all matters with the demand and this is something that the solid reason whether it would really be that still on going into those higher numbers or not. There's no way that we could be able to know on what the future lies ahead with Bitcoin. As long demand and recognition is there then we can really say that its price would really be having the potential. This is why on the time that you would really be investing with Bitcoin or crypto as a whole then it would really be just needed for you to have that kind of risks management and anticipation for an unpredictable market.
Now that we are able to reach out 50k on somewhat a fast pace manner then i do see those people getting fomo'ed again and even trying to say that 300-500k price is near. lol

[koang]

The influence of ETF has a huge impact on Bitcoin demand, and Bitcoin is closer to $100k than zero.
Exciting milestones but, at the same time, is never enough​.
Maybe an All-time high before the halving or ETF hype has not even started, and Bulltrap? Normies have no idea, keep observing...

Bitcoin is the world’s most popular investment asset. It is novel, digital, and uncorrelated to traditional risk assets.
That makes it a natural addition to the portfolio of a responsible investor.
And TP at any given time is part of the investor's responsibility to manage risk.

[bitterguy28]

We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more.  Then you will get a very good profit from Bitcoin

if asking about specific time then indeed that we cannot answer that because that is impossible but what we can answer is if that is general meaning can reach at least another 10 years so indeed that bitcoin can reach that and like what others keep saying ? we are only need to give it a time.

[Gurujebs]

From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.

But you try not talking about how it crashed from 68k down to 15k in less than 3 months. As much as I want Bitcoin to pump, I want it to stop that crash to stop hurting investors, it's by going up and up with many profits but it should stabilize and gain trust so that people don't have to fear that other investors will dump Bitcoin on them if it grow bigger.

The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?

Everrone is exited about the post Joe Biden posted with his image showing the red meme inform of bull season but that means another thing, it's the sports that just completed, if a president of a nation like US want to be positive or bullish about bitcoin, he would have done that long ago or he would have called Gary Gensler to order when he was playing with the Bitcoin community about Bitcoin ETF.

I'm anticipating for the bullrun of Bitcoin growth after the halving but we all need to calm down, t th euphoria is always like to this and some people do even forget to even sell healthy profits they have had.

[SamReomo]

I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?

No, I don't think that Bitcoin will reach $288k in December of 2024 in fact I don't think that I will be able to reach $100k in December of 2024. I expect that Bitcoin will reach $100k or more in 2025's last quarter.

But, anything is possible in crypto-world, however expecting Bitcoin at $288k in December of 2024 is out of question for me. There is chance that Bitcoin may cross $100k during the last quarter of 2025.

[Fivestar4everMVP]

Well, I might want to honestly ask, why $288,000 dollars specifically? Even though I understand this is a question non might have an answer to, but all the same, I would say that it's better for us to try to be more conservative in our prediction games, it's better for bitcoin to reach  the price we predict and surpass it, than it not reaching it at all.

Before and during 2021 bull run, so many predicted that bitcoin will reach a hundred thousand dollars, and at last, bitcoin topped at $68,000 or there about, and now, the bull run is coming again and people have started again with outrageous price predictions.

I personally believe that the price of bitcoin will reach $100,000 to $120,000 dollars, if it does more and above that, then that's very fine and I did be even more, but $288,000 dollars? I think that's a bit on the offside, though I am not saying it's not possible.

[Agbe]

$288,000? This amount is high oh! But nothing is impossible yesterday the price hit $50k and as bitcoin hit $50k the remaining $50k is not hard again and probably from now to the end of year it will hit the $100k and from next year, it will climb to $150k and above. But for now it is the 100$k is the guaranteed rate.

[Learn Bitcoin]

Well, it is PlanB who said that Bitcoin will reach 288K by the end of this year. Do not forget that he is the same person who said Bitcoin will reach 100K at the end of 2021. But, it didn't reach 100K and many people were holding with the hope of seeing 100K they were unable to cash out their profits because they didn't understand that the market movement was changing.

I am one of them who bought Bitcoin in the 45-50K range or say higher range and I was waiting for the 100K range. But then the market started to correct and I was holding tight. Of course, it's my fault because I was kind of new in Bitcoin. All these are just speculation.

[Don Pedro Dinero]

I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.

Well, the fact that the creator of the S2F model says so is for me a guarantee that we are not going to reach that figure in the next cycle. Max Keiser also gave that figure as the maximum for the cycle we are in, and it turned out to be five times less. With these figures it is like McAfee's famous 'I will eat my dick on national tv', that we will get there at some point, but much later than predicted.

I would be very surprised if the ath is more than $200,000 next cycle.

[Lucius]

~snip~
After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.

Legal tender in which country, El Salvador? The approval of spot BTC ETFs in the US is only a business and legal decision, and it is far from the authorities recognizing Bitcoin in the way that some imagine. In addition, the real adaptation of Bitcoin would be if it became a currency that people use, and not a speculative asset of companies that want to use it for their profits.

He pointed out that Bitcoin, which investors can now directly put money into through the new ETFs, is “highly volatile” and that crypto’s OG has been tied to things like money laundering and ransomware. “Bitcoin, itself, we did not approve, we did not endorse,” he said.

Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?

I'll just tell you that you have very poor sources of information that deal with nothing but ordinary speculation. When someone wants to predict the price of BTC in the future with such precision, keep in mind that it is just throwing numbers and nothing more.

[xSkylarx]

Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.

From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.

The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024.


Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?

It is possible as Bitcoin is very volatile so there will be a possibility but right now it is really far from that price and there is a lot of selling pressure above it so it would be hard to break it. There will be a time when the price will reach that price but the question is when and for sure no one can predict it. What I am sure of is that I can witness it. Maybe I am old or young but I am still living at that time.

[Husires]

It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.

[DabsPoorVersion]

It is hard to predict Bitcoin if it can ever reach that price. It is truly possible, but it would require a lot of demand for Bitcoin and positive news for it. The upcoming halving alone is not enough for Bitcoin to reach that price. Corrections will probably happen, and it will surely take a lot of time for Bitcoin to reach that price. It is unrealistic to expect that it will reach that price point shortly.