The stock market's rebound hasn't been the only driver of bitcoin prices. Early 2024 saw the Securities & Exchange Commission (SEC) approve the first spot bitcoin ETFs. These exchange-traded funds created a way for people to invest in bitcoin without having to buy it directly from a crypto exchange or maintain the asset themselves in a crypto wallet. Bills credits the advent of spot bitcoin ETFs for " brought in additional capital from investors who were interested in learning about and investing in Bitcoin.” How much will bitcoin be worth in 5 years Discover the potential of the Bitcoin price post-halving. Explore factors driving its value and predictions for the future.
While some predicted that BTC would lose steam after this, that hasn’t happened yet. Now other experts are predicting that this latest crypto boom could continue to see the price of Bitcoin soar even higher. What are the predictions for Bitcoin in 2031? "There is an enormous wall of money coming into (Bitcoin)," Pal said in October 2020. "It's an enormous wall of money, just the pipes aren't there to allow people to do it yet, and that's coming, but it's on everyone's radar screen, and there are a lot of smart people working on it."