The short answer is yes, it most likely can break through that level before 2024.
The long-term potential of Bitcoin is something that many investors believe in, with the currency being positioned to continue its ascension in market capitalization, popularity, and price over the coming years.
There is potential for a lot of good news over the next few years that could contribute to a healthy price increase. This includes institutional adoption, digital infrastructure improvement, more government recognition, and increased usage of Bitcoin as an investment.
We can therefore largely assume that with the technology continuing to advance and the recognition and awareness of Bitcoin increasing, the price of the asset could potentially skyrocket over the next four years.
At the moment, Bitcoin is in a prolonged state of consolidation just below the $45k mark. If buyers and investors can push the price above this level in the near future, then it’s very likely that before 2024, the coin could reach a price far higher than $45k.
