Bitcoin To Hit Six-Figure Price Target Within Next 12 Months – Predicts Crypto Expert

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In a recent chat, Peter Dunworth, who runs The Bitcoin Adviser, shared some cool ideas about what’s coming up for Bitcoin. He thinks things are looking good, especially with the Bitcoin halving and other factors that could make the market go up.

On the The Why Bitcoin Show with Dale Warburton podcast, Dunworth mentioned that some folks wonder if the Bitcoin halving is already factored into the market prices. He said, technically, it should be, but he thinks there are other things to consider that might affect Bitcoin’s price in the next year.

He stressed the potential approval of Bitcoin exchange-traded funds (ETFs) within the next year, estimating that it could unlock a considerable amount of capital, ranging from $50 to $200 billion, flowing into Bitcoin. Additionally, Dunworth mentioned the impending halving, an election year in the United States, ongoing quantitative easing, and fluctuating interest rates as factors that could contribute to a bullish market.

He said, “”There are so many factors coming up in this next 12 months that, you know, there’s not a lot of negativity around this. This is what gives me the greatest cause for concern because I look at it, and I think this is setting up as one of, if not the best trade I’ve ever seen coming in the next 12 months. What are we looking at? Well, you know, we’re looking at ETF approval in the next 12 months that’s going to unlock somewhere between a minimum of $50 to $200 billion in capital; it’s going to flow into Bitcoin.”

Dunworth encouraged people to be a bit daring and take advantage of the opportunity with Bitcoin. He believes it’s a good time to make a smart move for the long term. The conversation touched on possible issues, like if the ETF approval gets delayed or if there are unexpected actions from regulators. They also talked about miners, the folks who help make new Bitcoins, and how they might be affected by the halving.

Looking into the future, Dunworth guessed that by December 2024, Bitcoin could be valued between $125,000 to $150,000. He said this is just his guess and that things might get even crazier in 2025.