
Bitcoin (BTCUSD) has been on an absolute tear in 2023, with prices rising more than 160% year-to-date. Valued at over $850 billion by market cap, the world’s largest cryptocurrency is now among the top 10 most valuable assets globally.
Despite its astonishing rise this year, BTC prices are still down over 30% from all-time highs. But there are several key drivers for Bitcoin in the near term which should allow it to deliver outsized gains in 2024.