Will Bitcoin Reach 100K in 2024?

Do you believe Bitcoin could reach a hundred thousand dollars within the next three years? Presently, various mental models, including the stock-to-flow, forecast values in the mid-hundred-thousands by 2024. A wide consensus seems to be forming around the 100k to 300k range. This could potentially create a self-fulfilling prophecy, particularly with the approval of a spot Bitcoin ETF. Conversely, it might also prove to be a trap, reminiscent of the events in 2021.Recall when Bitcoin peaked at around 69k, there was a general expectation of it surging beyond a hundred thousand. Many were influenced by trends like the 'laser eye' movement. However, such widespread agreement often turned it into a crowded trade, diminishing the likelihood of those predictions materializing. Yet, given sufficient time and capital influx, I do think it's feasible for Bitcoin to achieve such valuations.

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