Factors indicating that 2024 is a year of Bitcoin

Hello friends, I hope you all are well and today we will talk about the factors due to which Bitcoin can rise very fast in 2024. Friends, Bitcoin is a cryptocurrency whose supply is very limited and you can understand for yourself what happens when the demand for such a thing increases.

Now let me talk about stocks, when we buy stocks we buy them through ETFs on different platforms. At the same time, there is a possibility of many ETFs coming into Bitcoin which will make Bitcoin accessible to more people and more people will come into Bitcoin. There are three things here that we have to pay attention to. The first is Bitcoin ETF, the second is Bull Cycle, and the third is Bitcoin Halving.

These three things can create a storm in Bitcoin and that is why I said that Bitcoin will go up a lot in 2024. But any talk related to crypto investment should not be taken as investment advice. If you see it as suggested then it will be better and you will be able to gain knowledge. We have experienced the great storms of Bitcoin in the last years and we have also taken advantage of it.

It is believed that this bull season is bigger than all the previous bull seasons. I also hope that this time we will see the same things that are being said. For those who were trapped in the previous seasons and are holding till now and those who have already made good entries and want to earn a profit, this season will be interesting for both.

I have also made some investments in Ethereum and Bitcoin using SIP and the good thing is that I have not made entry at very high prices. It depends on how we think. If you pay more attention to your research and take further steps accordingly, many things become possible for you.

The sad thing is that due to lack of funds, I could not invest that much, but whatever I have done, I will be able to earn at least a good profit. Now I also have some holdings of Hive which I trade occasionally and I am earning some Hive crypto from this platform. So I am not worried about hive because at the end of 2024, I will have around 5k hive tokens or more. So it depends on consistency.

So I have shared three factors here and according to that the next target of bitcoin is 50k. After that, it is not known how bitcoin will reach 100k. But this is not going to happen overnight because the price does not move straight and even in bull season we will see ups and downs. Now Faiz Makrani signing off. B bye.

"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking." -Steve Jobs

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