Are you ready for the next Bitcoin bull run? In this video, we will show you why Matrixport, a leading financial services platform for digital assets, predicts that Bitcoin will hit $63,000 by March 2024. We will also explain the four major catalysts that could drive the Bitcoin price action: Bitcoin halving, ETF inflows, US elections, and Fed policy decisions.
Matrixport is a one-stop platform that offers various services for digital assets, such as trading, lending, custody, and investment. Matrixport has recently published a report titled ‘Bitcoin Price Target: $63,000 by March 2024’, where they analyze the historical data and market trends of Bitcoin, and provide a bullish outlook for the future. Matrixport believes that Bitcoin is in the early stages of a new bull market cycle, and that the next Bitcoin halving, which is expected to happen in April 2024, will be a major trigger for the price surge.
But that’s not all. Matrixport also identifies three other factors that could boost the demand and price of Bitcoin in the long term: the launch of spot Bitcoin ETFs in the US, Canada, and Europe, which could attract more institutional and retail investors; the US elections, which could create uncertainty and volatility in the financial markets, and benefit Bitcoin as a hedge against inflation and currency devaluation; and the Fed policy, especially the interest rate cuts, which could stimulate the demand for higher-risk assets, such as cryptocurrencies.
bitcoin, matrixport, crypto news, cryptocurrency, halving, etf, us elections, fed policy, price prediction, bull market
Don’t miss out on valuable information – sign up now!”
https://crypto-insider.beehiiv.com/subscribe
#bitcoin #matrixport #cryptonews
Key Moments:
0:00:00 Introduction
0:00:15 Bitcoin to hit $63,000 by March 2024, says Matrixport
0:00:42 What is Bitcoin halving and why does it matter?
0:01:13 How do ETFs affect the Bitcoin market?
0:01:55 How do US elections and Fed policy impact Bitcoin?
0:02:30 End
