Bitcoin Could Surge to $150K by 2024 on ETF Hopes, Halving and Growing Safe Haven Appeal: Analysts

Bernstein predicts Bitcoin could reach $150,000 if the SEC approves a spot BTC ETF, which they expect by Q1 2024.

Bernstein expects up to 10% of Bitcoin's circulating supply to shift into ETFs once approved.

The upcoming Bitcoin halving in mid-late April 2024 will wash out miners and pave the way for big gains.

Bitcoin is emerging as a safe haven asset as investors lose confidence in bonds amid geopolitical uncertainty.

Bloomberg analysts give 90% odds of a SEC approved spot BTC ETF by January 2024.