There are several key factors that suggest that Bitcoin is likely to be valued at over $200,000 in 2024. And could become the global reserve currency in less than 10 years.

1. The increasing hash rate of the Bitcoin network: The hash rate is a measure of the processing power of the Bitcoin network, and it has been steadily increasing over time. This is an important factor because it helps to secure the network and makes it more resistant to attacks.

2. The halving event: The halving is a programmed reduction in the rate at which new Bitcoins are generated, which occurs approximately every four years. This event is significant because it reduces the supply of new Bitcoins, which can lead to an increase in demand and, in turn, a higher price.

3. Rapid adoption rate: The adoption rate of Bitcoin is often cited as being faster than the adoption rate of the internet in its early days. This suggests that more and more people and businesses are starting to recognize the potential of Bitcoin as a means of payment and store of value.

4. Increasing mainstream acceptance: Bitcoin is becoming increasingly mainstream, with more businesses accepting it as a payment method and more user-friendly platforms and products becoming available.

5. Potential to replace traditional global currencies: There is a growing belief that Bitcoin has the potential to replace traditional global currencies in the next decade due to a waning faith in elite centralized banks and a lack of government accountability. Bitcoin offers certain advantages over traditional currencies, such as its decentralized nature, which makes it resistant to inflation and manipulation by governments or financial institutions.

Overall, these factors suggest that Bitcoin has the potential to continue to rise in value in the coming years. While it is difficult to predict the exact trajectory of any asset, the increasing hash rate, halving event, rapid adoption rate, increasing mainstream acceptance, and the potential for Bitcoin to replace traditional global currencies all contribute to its potential value in 2024.