Amid the evolving crypto landscape, one prediction stands out: Davis Hui from Caanan foresees BTC's price potentially skyrocketing to $100,000 by 2024. This bullish forecast is rooted in upcoming events like the bitcoin halving, set to diminish the BTC issuance rate by halving miner rewards.
Compounding this optimistic view is the undeniable attention from financial powerhouses, with BlackRock, boasting $10 trillion in assets, as a prime example.
For Hui, it's this mix of major institutional influx and a shrinking bitcoin supply that suggests a bullish future for BTC.
