KEY POINTS
  • Commentators CNBC spoke to, both inside and outside of the cryptocurrency industry, have given various price predictions for bitcoin in 2024, ranging from $60,000 to $500,000.
  • Industry executives have called the start of a new bull run, mainly predicated on two things — the bitcoin "halving" and the potential approval of a bitcoin exchange-traded fund in the U.S.
  • 2023 was marked by the conclusion of criminal probes against FTX and Sam Bankman-Fried as well as Binance and its founder Changpeng Zhao.

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Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year.

And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to continue.

In this article