Ever since hitting a new all-time high in March, Bitcoin (CRYPTO: BTC) has largely disappointed crypto investors. The price of Bitcoin is still trading at around $68,000, which is approximately where it was three months ago.

Moreover, the two big Bitcoin catalysts of 2024 -- the launch of the new spot exchange-traded funds (ETFs) and the halving of mining fees -- have now come and gone. So is it time to rethink where Bitcoin could be headed over the next few years? Let's take a closer look.

The base case scenario assumes that spot Bitcoin ETFs will continue seeing an influx of new investor money, and that Wall Street will continue to embrace Bitcoin as a new asset class for portfolio diversification purposes. Over time, this constant influx of new money should send Bitcoin higher.

Continue reading

Source Fool.com