Economist Henrik Zeberg Predicts Bitcoin Will Go ‘Absolutely Ballistic’ in 2024 – Here’s His Price Target

Macro strategist Henrik Zeberg says he expects Bitcoin (BTC) and crypto markets to go parabolic in the very near future.

In a new interview on the Bloor Street Capital YouTube channel, Zeberg forecasts a move in crypto “like nothing else,” partially driven by people who were sidelined in previous bull runs and don’t want to miss the next.

The investor says he has a minimum target range of about $115,000 per BTC and is expecting it slightly sooner than most crypto bulls. According to Zeberg, Bitcoin and crypto will likely witness a “fantastic” bull run in the first four months of 2024.

“[Bitcoin will be] going absolutely ballistic. I mean, it’s going to go vertical. I think we will reach at least $115,000. That’s my minimum target. I think $150,000 is also manageable, and I could also see $250,000. My guess here would be $150,000, but would not be surprised to see it only reach $115,000. So that’s where I’m seeing that. 

I’m seeing a crypto run like nothing else. I mean, everybody who was not in the first round, or second round, will now say ‘Oh I missed out the first two times, I’m going to be in on this one,’ and when we start to see Bitcoin moving up above the current levels here I think that’s when – especially if the ETF announcement comes out or whatever’s going to be the trigger of it – I don’t need the trigger in my world. The structure tells me that we could see a very, very quick move and again, driven by people [saying] ‘I want to be in this move now, I was not in the Nasdaq last year and now I need to be in this or I need to be in small caps.’

So I think those riskier assets – which I also include cryptos and even Bitcoin – will be having a fantastic first four months of the year.”

At time of writing, Bitcoin is trading at $44,110.

I

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney