Bitcoin’s Wild Ride: Can It Hit $200K in 2024?

Bitcoin’s recent price action has been nothing short of a roller coaster. In just hours, BTC plunged 9%, only to rebound past $81,700, leaving traders questioning what’s next. Despite the turbulence, many investors remain focused on the bigger picture.

Anthony Scaramucci, founder of SkyBridge Capital, is one of them. He predicts Bitcoin could hit $200,000 by year-end, citing the historical four-year cycle following each halving. Even if it doesn’t reach that exact target, he sees BTC trading between $150,000 and $200,000 in 2024—a massive win for the crypto market.

Bitcoin’s long-term trajectory has always been bullish, despite its infamous volatility. Price corrections shake out weak hands, but seasoned investors look at macro trends. Historically, halving events have triggered significant upward momentum, and many believe this time will be no different.

The real question isn’t just whether Bitcoin will reach $200K—it’s how fast it can get there. Institutions and retail investors alike are gearing up for the next move, positioning themselves for what could be another record-breaking year.

With Bitcoin’s supply shock post-halving and increasing institutional adoption, the foundation for a major rally is in place. While short-term swings are inevitable, the long-term outlook remains strong. The coming months could define the next phase of Bitcoin’s journey—and many are betting big on its future.