Published on 17 Apr 2024 on Motley Fool via Yahoo Finance
1 Red-Hot Cryptocurrency to Buy Now. It Could Soar 525% to 5,800%, According to Certain Wall Street...
Bitcoin (CRYPTO: BTC) gained 116% over the past year amid a resurgence in risk assets driven by an increasingly optimistic economic outlook. Other factors contributing to those returns include the recent approval of spot Bitcoin ETFs and the upcoming halving of Bitcoin mining rewards, estimated to occur on April 16, 2024.
Several Wall Street analysts think those factors will drive the cryptocurrency even higher in the future, but Anthony Scaramucci, Tom Lee, and Cathie Wood are among the most bullish. Their forecasts imply upside ranging from 525% to 5,800% from the current price of $64,000.