The cryptocurrency market climbed about 110% in 2023, driving the price of Bitcoin (CRYPTO: BTC) up more than 150% during the year. But certain financial professionals see substantial upside for Bitcoin holders in the future, helped along by the likely approval of spot Bitcoin exchange-traded funds (ETFs) in 2024.

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Bitcoin is the most popular and the most valuable cryptocurrency. In fact, with a market capitalization of about $845 billion, Bitcoin alone accounts for 50% of the entire cryptocurrency market. One reason for that popularity is its status as a first mover.

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Source Fool.com