Analysts Predict Bitcoin Bull Market Coming, Price May Reach $100,000

Quantum Economics founder and crypto analyst Mati Greenspan says the next bull market could be driven by Bitcoin and its second tier. Since the Taproot upgrade, there has been a huge increase in DeFi and NFT opportunities on the Bitcoin network, and Greenspan believes it is possible for the Bitcoin price to reach $100,000 in 2024 if a pro-crypto presidential candidate is elected in November. Bitcoin is currently trading at $68,553. However, Greenspan has reservations about ethereum, which is a cheaper and more scalable competitor in the market, and on 20 October, bitcoin's market capitalisation surpassed ethereum's by $1 trillion. Greenspan is sceptical about Meme coins, believing that long-term investors will not take them seriously, and advises investors to study the project team and its supply/demand dynamics carefully during the speculative phase.