December 2024 has become a truly historic month for the crypto world. Bitcoin as the market's leading trendsetter once again broke records, reaching a landmark $106,300, with its market capitalization kriptovalyuta exceeded $1,9 trillion. This event became a key driver of crypto market growth and generated a lot of discussions among crypto enthusiasts and investors. EMCD founder and CEO Michael Gerlis did not stay away and shared his expert opinion on the growth of the first cryptocurrency and its future prospects.
Bitcoin on the way to $110k: growth catalysts
According to Michael Gerlis, the sharp rise in the Bitcoin price in 2024 is not just a coincidence, but the result of a combination of key factors. One of the main events in the United States - Donald Trump's victory in the elections, attracted the attention of cryptocurrency supporters and became the most important driving force for Bitcoin. It's all about the newly elected president's stance on the cryptocurrency sector and his promise to create a " Bitcoin - a superpower." Two other key factors became powerful triggers for capital to flow into the digital coin market: the Fed's reduction in interest rates and the launch of exchange-traded funds in the United States.
These events are not just an impulse, but a foundation for long-term growth, Gerlis emphasized.
Halving – another reason for the increased attention to Bitcoin. According to the expert, the reduction in emission increases the asset deficit, which contributes to the growth of its rate.
Bitcoin once again proves that he is the digital gold of our time, the expert is sure.
What awaits the cryptocurrency market?
The current growth of Bitcoin is just a starting point for even more significant achievements. In the future, we may witness another sharp jump, which, according to him, is just around the corner. Such optimism is explained by the strengthening of investor interest, support at the state level and the limited emission of the asset.
The crypto market is just beginning to reach new heights. The bullish trend we are seeing now is a signal for all investors to pay attention to Bitcoin . The increased interest in the first cryptocurrency and stable support from regulators make the digital asset market even more attractive for major players and investors, Michael emphasized.
The EMCD chief also recalled the volatility of cryptocurrency, saying that “ Bitcoin could soar to $150,000 and even $200,000, with some corrections. Investors should understand that sharp fluctuations in the rate, both up and down, are an integral part of the crypto market."
Opinion on the new ATH
The top manager believes that the current sharp jump of the first cryptocurrency is not only a new page in the history of Bitcoin, but also an important step towards its integration into the global economy.
$106,000 is more than just a number. It is a symbol of how cryptocurrencies have become an integral part of the global financial system. Today, they are perceived not only as a speculative instrument, but also as a reliable asset for preserving value and diversifying investment portfolios, Gerlis said.
According to the head of EMCD, US policy may become a decisive factor for further growth of Bitcoin. If Trump's promises are fulfilled, the market will receive a powerful impetus for development. The creation of strategic Bitcoin reserves and active promotion of cryptocurrency infrastructure can bring the entire industry to a qualitatively new level.
Is it worth investing now?
In response to this question, Michael Gerlis emphasized that when choosing assets, it is worth conducting a thorough market analysis:
Bitcoin – is an asset for long-term strategies. Its volatility may scare off inexperienced investors, but for those willing to look at the prospect of several years, it opens up unique opportunities for significant capital growth.
One of the expert's main pieces of advice is to diversify your portfolio, including not only BTC, but also other assets, because "cryptocurrencies are not a salvation from financial difficulties, but they occupy an important place in the modern investment world. The main thing is a competent approach and understanding of the risks."
It is important to remember that every jump in the rate is followed by corrections, and success in the crypto market depends on the right strategy and analysis.
