Bitcoin Price Prediction: $150,000 by Year's End?

Despite a recent dip, Bitcoin is expected to rebound in 2024 and reach $150,000 by December, according to Fundstrat's head of research, Tom Lee. This surge would represent a 138% increase from current levels. Lee attributes the recent decline to the impending distribution of funds from the hacked crypto exchange Mt. Gox, but believes this will be a catalyst for a strong rebound in the second half of the year. While Bitcoin's market cap sits at $1.2 trillion, the cryptocurrency has experienced an 18% slide in the second quarter of 2024. However, experts remain optimistic, with some predicting Bitcoin will hit $100,000 during the November elections. The nascent asset class continues to attract investors, who are anticipating further growth in the future.