A Review Of Our 2024 Bitcoin Price And Predictions
Bitcoin Predictions
In December 2023, our bitcoin predictions were as follows:
- Spot Bitcoin ETF Will Be Approved
- The Price Of Bitcoin Will Hit A New All-Time High In 2024
- Publicly Traded Companies Will Adopt Bitcoin In 2024
So, how did we do?
Bitcoin ETFs
The spot bitcoin ETFs, a significant development in the cryptocurrency market, were approved in January 2024. Historically, they were the most successful ETF launches, with inflows in excess of $30 billion, indicating a growing interest in bitcoin among investors.
In 2025, we anticipate that spot bitcoin ETFs will add a further $40 billion.
Price Predictions
We predicted that the bitcoin price would be $44k at the launch of the ETFs. The actual price was $46k.
We predicted the BTC price would be $60k at the halving event. The actual price was $63k.
The price of bitcoin did hit an all-time high. We predicted that the high would be $80k. The new all-time high in price is 108k.
We also predicted (December 2023) that the BTC price would rise to $150k to $200k over the next one to two years.
Bitcoin Adoption
The final prediction was that publicly traded companies would adopt BTC. We noted that changes to rules related to cryptocurrency accounting in the U.S. (and effective December 2024) would make it more appealing for publicly traded companies to hold Bitcoin.
At least 32 publicly traded companies have adopted bitcoin this year, compared to nine in 2023, eight in 2022, 20 in 2021, and five in 2020. That doesn’t include companies related to BTC mining or digital asset management. That trend will continue in 2025.
Since MicroStrategy bought its first BTC in August 2020, it has been joined by Latin America’s e-commerce giant MercadoLibre, South Korean video game publisher Nexon, Metaplanet, Semler Scientific, and the mega-cap stock Tesla.
On balance, the predictions were on the mark.
Keep an eye out for our 2025 predictions.
Click on the Journal link below to read more about the factors currently driving the economy, the stock market and Bitcoin.

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