Bitcoin Will Reach 100k: Bitget Research

By KMatt | Blogging Crypto | 18 Dec 2023

Bitget Research has recently published an interesting analysis regarding Bitcoin in 2024, with more than promising prospects.

Specifically, Bitget Research predicts Bitcoin at a price of around $100,000, therefore certain that it will exceed historical highs in the next bullish cycle.
ORDI will position itself among the top 30 by market capitalization with an estimated growth of 1200% (it is currently in 64th place).
Similar growth opportunities are also expected for Atomicals or Taproot Assets.

The Ordinals protocol, specifically, has significantly increased the revenues of Bitcoin miners, with a percentage of earnings from on-chain commissions that went from 1.7% in August to a peak of 19.57% in November.

The Bitcoin NFT market will follow this growth, although its adoption appears to be experiencing limited growth for now.
Lightning Network, thanks to its technological support, has managed to support the growing adoption of BTC payments, with an expected increase in assets issued on this network.

However, challenges of the Bitcoin ecosystem remain in terms of scalability, which hinders the implementation of applications and affects the overall development.

In conclusion, for Bitget Research, considering the macro context and future market conditions, BTC, ORDI, Bitcoin NFT and consequently the Lightning Network, present considerable growth potential.




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