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Crypto

Shocking Bitcoin (BTC) expectation from Bitget!

Bitget Research, the research arm of the cryptocurrency exchange Bitget, published a report explaining its forecasts and expectations for 2024 in the Bitcoin (BTC) ecosystem. Analysing macroeconomic trends and in-market outlook, experts have positive expectations for the Bitcoin ecosystem with Ordinals NFTs.

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According to the report, the expansion in the Bitcoin ecosystem with Ordinals could lead to a significant increase in demand for the leading cryptocurrency.

Researchers expect ORDI to be among the 30 cryptocurrencies with the largest market capitalisation, while the BTC price could see $100,000 next year.

100x potential in Bitcoin NFTs Bitget predicts that the Bitcoin NFT market will grow more than 100 times in the future, emphasising that there are great opportunities in this area. Experts stated that cryptocurrencies in protocols such as Ordinals, Atomicals or Taproot Assets can gain up to 100 times in value.

According to the report, the BRC-20 ecosystem will host the most talked about tokens and NFTs of the next bull market.

Bitget researchers also emphasised the reflections of the increase in BTC price on the ecosystem.

While the Bitcoin price has risen from $ 16,500 to $ 42,500 since the beginning of the year, the market value of BRC-20-based tokens has increased 40 times since March, reaching $ 4 billion.

Shocking Bitcoin (BTC) expectation from Bitget!