Bitcoin Will Go ‘Absolutely Ballistic’ in 2024, Economist Says

According to the latest reports, it seems that Bitcoin will have a blast this year. Check out the new details about the price of the king coin below.

Macro strategist Henrik Zeberg has predicted that Bitcoin (BTC) and other cryptocurrencies will experience a parabolic rise in the near future.

In a recent interview on the Bloor Street Capital YouTube channel, Zeberg stated that crypto markets are set to experience a surge like never before.

This will be driven in part by those who missed out on previous bull runs and don’t want to miss the next one.

Zeberg has set a minimum target range of around $115,000 per BTC, and he expects this to happen slightly earlier than most other crypto bulls.

He believes that Bitcoin and crypto markets will witness a fantastic bull run in the first four months of 2024.

“[Bitcoin will be] going absolutely ballistic. I mean, it’s going to go vertical. I think we will reach at least $115,000. That’s my minimum target. I think $150,000 is also manageable, and I could also see $250,000. My guess here would be $150,000, but would not be surprised to see it only reach $115,000. So that’s where I’m seeing that.

I’m seeing a crypto run like nothing else. I mean, everybody who was not in the first round, or second round, will now say ‘Oh I missed out the first two times, I’m going to be in on this one,’ and when we start to see Bitcoin moving up above the current levels here I think that’s when – especially if the ETF announcement comes out or whatever’s going to be the trigger of it – I don’t need the trigger in my world. The structure tells me that we could see a very, very quick move and again, driven by people [saying] ‘I want to be in this move now, I was not in the Nasdaq last year and now I need to be in this or I need to be in small caps.’

He also said that Bitcoin will see an amazing four months in 2024.