A increasing number of voices are advocating for new all-time highs for bitcoin exceeding $100,000 in 2024. Executives in the cryptocurrency business declared the beginning of a new bull run.
With the price of bitcoin rising by over 120% so far this year, many people are hopeful that the rise will last until 2024.
It seems like 2023 was a year to prepare for the impending bull run. However, Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview that “the atmosphere is really hopeful for [2024] and 25.”
November 2021 marked the digital currency’s most recent record high, which was close to $69,00.
From the collapse of coins and projects to bankruptcies and criminal trials, the crypto sector has faced a plethora of problems since then. After Sam Bankman-Fried, the creator of FTX, was found guilty on seven charges of criminal fraud, he faced over 100 years in jail when the exchange collapsed. FTX was once among the largest exchanges globally.
In the meantime, as part of a $4.3 billion deal with the US Department of Justice, Binance CEO Changpeng Zhao entered a guilty plea to criminal charges and resigned from his position.
Numerous individuals in the sector perceive the resolution of the two instances as a demarcation of the problems that have beset the cryptocurrency business.
David Marcus, the CEO of Lightspark, stated in an interview with CNBC last week that he believes real builders can focus on technology and problems that can be solved in the world once the speculative phase is over, which he believes is almost finished but not quite. This is in contrast to simply having a massive digital casino for people to trade.
Marcus is now developing technology to enhance bitcoin as a payments network. Marcus was the original driving force behind Facebook’s doomed Diem stablecoin project.
Source (CNBC)
