After a less than ideal 2022, the price of Bitcoin is making a comeback, having just surged past the $45,000 mark, its highest price since April 2022. Already up over 156% from last year, there is a lot of optimism about the future of the digital coin’s price given a handful of momentum-building prospectives. Arguably the two most promising are aspects are the upcoming halving, an event that takes place every four years, and potential approval of a Spot Bitcoin Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC), which would make investments simpler and bolster the image of Bitcoin in the eyes of investors. These factors have sparked predictions from an array of industry bigwigs about how high Bitcoin’s price could reach, with some speculating as much as $500,000! As always, however, it’s important to take predictions with a grain of salt – this isn’t the first time outrageous Bitcoin valuations have been made despite that they never reach their goal. Nevertheless, the coin’s future looks bright, with <[i]Mark Mobius[/i] offering the lowest predicted valuation of $60,000.
