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Bitcoin Rally Has More Legs; US$50,000 Likely By End-2024

Bitcoin's stellar 2023 rally has more room to run over the coming year after the largest cryptocurrency breached US$30,000 last week.

Photo by Traxer / Unsplash 

Cryptos have bottomed out, and the likely outcome by the end of 2024 is for the surge in digital currencies to jump further, according to a survey of analysts by Blockhead.

The rapid return from Bitcoin's "crypto winter" surprisingly put the notoriously volatile digital currency at the top of the scoreboard as the best-performing asset class by a wide margin in the first quarter.

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De-Dollarisation: More BRICS in the Wall

De-Dollarisation: More BRICS in the Wall

The BRICS nations, led by China and Russia, are accelerating efforts to reduce reliance on the US dollar in global trade and finance. Cryptocurrencies and blockchain technology are emerging as key tools in this de-dollarization push, even as BIS officials are considering nixing the mBridge project.