Matrixport, an all-in-one crypto financial services platform, has caused quite a buzz on the internet over the years. This is mostly because of their bold predictions about crypto and crypto-related matters.
So far, the company has made a series of accurate predictions about BTC and has even nailed two out of six.
According to reports, Matrixport has made another bold prediction about Bitcoin.
BTC will reach $50,000 by January 2024, the company says. Here are all the details:
LookOnChain posted an interesting tweet this week, on 21 December.
The blockchain analytics platform drew attention to Matrixport's string of 6 predictions since December 2022.
LookOnChain reminded us that so far, two of these 6 predictions have already come true, with a third one pending confirmation.
LookOnChain noted that the first prediction was that BTC would hit $17,000 by December 2022.
Interestingly enough, Bitcoin indeed hit this price level on 16 December 2022.
The second prediction noted that BTC would hit $29,000 by 2023, which also materialized as BTC broke through this milestone on April 11, 2023.
If all of the above predictions aren't amazing enough, Matrixport also predicted that BTC would climb to $45,000 by December 2023.
At the time of writing, Bitcoin currently trades at around $43,530 (less than inches away from $45,000).
However, the fourth prediction is the most ambitious one. Matrixport also predicted that Bitcoin will soar to $50,000 by January 2024.
According to LookOnChain, the fifth and sixth predictions are even more bullish, with Matrixport expecting Bitcoin to hit $63,160 by May 2024 and $125,000 by the end of 2024.
These predictions, while sounding amazing, may be strongly depending on the pending ETF approvals from the US SEC.
According to recent reports, the SEC held a closed-door meeting with all potential ETF issuers on Thursday, 21 December this week.
If these recent developments mean that a Bitcoin ETF is close to being approved, Bitcoin's liquidity is expected to shoot up, making Matrixport's predictions a walk in the park.
Overall, Bitcoin has a bright future ahead of it in 2024, and investors remain as excited as ever.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.