DLC eToro CEO’s Bullish Bitcoin Prediction: $100,000 and New All-Time Highs -

eToro CEO’s Bullish Bitcoin Prediction: $100,000 and New All-Time Highs

Yoni Assia, the CEO of the renowned investment platform eToro, remains bullish on Bitcoin’s long-term prospects, despite its recent price fluctuations. In a candid interview with crypto trader Scott Melker, Assia shared his insights into Bitcoin’s trajectory, firmly believing it will surpass $100,000 in value.

Assia anticipates that Bitcoin will start gathering bullish momentum towards the end of the year, laying the groundwork for a significant rally. He envisions Bitcoin hitting a new all-time high by the conclusion of 2024.

He articulated his perspective, stating, “At the end of 2024 is when you start [seeing rallies], and you start gradually seeing something going to $50,000 and then back to $40,000, [then] to $70,000… Only when it reaches all-time highs, which is somewhere probably at the end of next year, only when it reaches all-time highs… that’s when retail [investors] come back.”

Assia’s outlook takes into account the historical patterns associated with Bitcoin halving cycles. He pointed out that Bitcoin typically experiences robust surges about a year after each halving event, and he expects the current cycle to follow a similar trajectory.

In theory, the bull run should actually be in 2025. The same as it was in 2021, 2017, and 2013. That’s the cycle. Now, there’s a very famous saying, ‘History does not repeat itself, but it sure damn rhymes.’ So I would be surprised if we don’t see a rally in 2025. I’d be surprised if we don’t see by the end of 2025, Bitcoin above at least $100,000.

The next Bitcoin halving, which halves the rewards for BTC miners, is scheduled for April 2024.

As of the time of writing, Bitcoin is trading at $25,145, reflecting a decline of over 2% in the last 24 hours. While short-term fluctuations are inevitable in the crypto market, Assia’s optimistic outlook underscores the enduring potential he sees in Bitcoin, with a vision of significant price growth in the coming years.

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