pt.euronews.com
Bitcoin Predicted to Peak at \$162,353 in 2024 Amidst Regulatory Changes and Quantum Computing Threat
Finder's analysis predicts Bitcoin will peak at \$162,353 in 2024, driven by institutional investment and regulations like the EU's MiCA; however, experts warn of a potential speculative bubble and the threat of quantum computing.
- What are the potential risks associated with the current price surge of Bitcoin?
- Increased institutional interest, fueled by the EU's MiCA regulation and US Bitcoin ETF approvals, has driven Bitcoin's price surge. However, this price increase could be a speculative bubble, as some experts argue its value lacks fundamental support.
- How might the advancement of quantum computing impact the long-term viability and security of Bitcoin?
- While the short-term outlook is bullish, long-term projections see Bitcoin reaching \$458,647 by 2030 and potentially exceeding \$1 million by 2035. However, the threat of quantum computing breaking Bitcoin's encryption poses a significant long-term risk.
- What is the predicted peak price of Bitcoin this year, and what factors contribute to this prediction?
- Finder's analysis predicts Bitcoin (BTC) will peak at \$162,353 this year, settling around \$145,167. This forecast, compiled from 24 crypto experts, shows high variability, ranging from \$250,000 to \$70,000.
Cognitive Concepts
Framing Bias
The article frames Bitcoin's price increase positively, emphasizing bullish predictions and expert opinions supporting its growth. The headline, if there was one, likely highlights the price prediction, amplifying this positive framing. The use of quotes from experts expressing confidence in Bitcoin's growth further reinforces this bias. The inclusion of concerns about a speculative bubble is present but doesn't mitigate the overall positive framing.
Language Bias
The article uses language that leans towards a positive outlook on Bitcoin. Phrases like "rapid price appreciation" and descriptions of institutional investment as "fueling" the rise subtly promote a bullish perspective. While it presents counterarguments, the overall tone remains optimistic.
Bias by Omission
The article focuses heavily on positive predictions and expert opinions favoring Bitcoin's price increase. It mentions dissenting opinions but doesn't delve into the reasoning behind bearish predictions or explore potential downsides in detail. The article omits discussion of potential regulatory hurdles beyond the positive framing of MiCA. It also lacks a broader economic analysis of factors that might negatively affect Bitcoin's value, such as macroeconomic shifts or competing technologies.
False Dichotomy
The article presents a somewhat false dichotomy by focusing on either extreme optimism or pessimism regarding Bitcoin's future, without adequately exploring the range of possibilities between these extremes. While acknowledging varied predictions, it doesn't synthesize them into a nuanced view.
Sustainable Development Goals
The increased accessibility of Bitcoin through ETFs and institutional investment, as highlighted in the article, has the potential to reduce financial inequality by providing more people with opportunities to participate in the financial markets. However, this effect is not guaranteed and may exacerbate inequalities if access remains limited to certain groups.