6-figure BTC price in 2024? Bitcoin analyst says $55K now 'worst case'

Bitcoin ETF inflows are shaping a BTC price transformation that could see it surpass its all-time highs this year.

Bitcoin (BTC) has a new six-figure price target for 2024 as institutional inflows flood the market.

In fresh analysis on X (formerly Twitter) on Feb. 11, Ki Young Ju, CEO of analytics platform CryptoQuant, predicted $112,000 per bitcoin this year.

The launch of the United States’ first spot Bitcoin exchange-traded funds (ETFs) last month has opened up inroads for institutional capital.

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