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Bitcoin 2024 Price Prediction: 22X to $340,000! (is it realistic?)People invest in cryptocurrencies for the same reason anyone invests in anything. They hope its value will rise, netting them a profit. If. CryptoQuant said in their weekly report that the selling pressure has reduced as miners hold on to their reserves despite declining profits from Bitcoin network. �When the Fed introduced restrictive monetary policies by increasing rates in , this caused equity markets and cryptocurrencies to.