The Rise in Bitcoin Price: A Predicted Boom for the 2024 Cycle – Analysis by Lynn Alden

by | Nov 1, 2023 | Fidelity IRA | 1 comment

The Rise in Bitcoin Price: A Predicted Boom for the 2024 Cycle – Analysis by Lynn Alden




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We would like to clarify that the contents in the video is solely our opinion and should not be construed as financial advice. We are not experts and do not have access to inside knowledge. We cannot guarantee any particular outcome, and it is important that you conduct your own research and exercise your own judgement. The video is intended for educational and entertainment purposes only….(read more)


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Why 2024 Cycle Will See an Explosion in Bitcoin Price: Lynn Alden

Bitcoin, the world’s largest cryptocurrency, has been on a rollercoaster ride since its inception. Its volatile nature has both intrigued and scared investors, but for those who have long believed in its potential, the next Bitcoin price explosion is not a matter of if, but when.

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Lynn Alden, a renowned investment strategist, recently shared her insights on why the 2024 cycle will witness a potential explosion in Bitcoin’s price. With her deep understanding of economics and market trends, Alden’s analysis offers a compelling case for Bitcoin’s future success.

First, Alden cites the well-known phenomenon of the Bitcoin halving, which occurs approximately every four years. During this event, the number of new Bitcoins added to the network is reduced by half. This scarcity factor has historically triggered an increase in Bitcoin’s price, as the decreasing supply meets growing demand.

Alden points out that previous halvings in 2012 and 2016 paved the way for significant price rallies. The upcoming 2024 halving is expected to have a similar effect, based on historical patterns. This event will not only limit the new supply of Bitcoin but also reduce the rate at which Bitcoins circulate in the market. Simultaneously, the growing adoption and acceptance of Bitcoin as a mainstream asset will further fuel demand.

Another key factor Alden cites is the gradual institutional adoption of Bitcoin. Over the past few years, major financial institutions and corporations have recognized Bitcoin’s potential and started allocating significant portions of their portfolios to the cryptocurrency. This trend is expected to continue in the coming years, with more institutions jumping on the Bitcoin bandwagon.

Institutional adoption brings stability and increased liquidity to the Bitcoin market, which, in turn, attracts more investors. Alden highlights that as traditional institutions gradually increase their Bitcoin holdings, the available supply for the retail market diminishes, creating upward pressure on Bitcoin’s price.

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Furthermore, Alden highlights the macroeconomic conditions that might contribute to Bitcoin’s growth in 2024. As governments worldwide grapple with mounting debts and currency devaluations, traditional fiat currencies may lose value, making Bitcoin an attractive alternative for investors. Alden argues that Bitcoin’s decentralized nature and limited supply make it a compelling store of value during times of economic uncertainty.

Lastly, Alden acknowledges that market cycles tend to repeat themselves. She refers to the market patterns observed after the previous halvings, where significant price rallies occurred in the years that followed. According to her analysis, Bitcoin’s historical price cycles indicate that the 2024 cycle is likely to bring about another explosive price increase.

While no one can predict the exact price of Bitcoin, Lynn Alden’s insights provide a compelling argument for a potential explosion in Bitcoin’s price during the 2024 cycle. As the cryptocurrency market continues to mature and gain wider acceptance, it might not be long before Bitcoin solidifies its position as a mainstream asset class. Investors who grasp this early on stand to benefit from the potential gains that lie ahead.

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1 Comment

  1. K OHare

    This guy is great I love his micro out look

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