Bitwise's 10 Predictions for 2024: BTC Will Break Through $80,000, Spot BTC ETF Will Be Approved
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Bitwise's 10 Predictions for 2024: BTC Will Break Through $80,000, Spot BTC ETF Will Be Approved
Let's take a look at Bitwise's 10 bold predictions for the crypto space in 2024.
Navigating Web3 tides with focused insightsTranslation: Karen, Foresight News
Bitwise Asset Management, a leading U.S. crypto index fund management firm, released its top 10 cryptocurrency predictions for 2024 on January 3. Bitwise stated, "Crypto passed the test in 2023 and performed well; the crypto space will be even more prosperous in 2024."
Below are Bitwise’s 10 bold predictions for the crypto industry in 2024.
Prediction 1: Bitcoin's trading price will surpass $80,000, reaching an all-time high.
Prediction 2: A spot Bitcoin ETF will be approved and will become overall the most successful ETF launch in history.
Prediction 3: Coinbase's revenue will double, exceeding Wall Street expectations by at least tenfold.
Prediction 4: More funds will be settled using stablecoins than via Visa.
Prediction 5: As Wall Street prepares to tokenize real-world assets, JPMorgan will tokenize a fund and launch it on-chain.
Prediction 6: With users flocking to crypto applications, Ethereum's revenue will more than double, reaching $5 billion.
Prediction 7: American singer-songwriter and music producer Taylor Swift will launch an NFT to connect with fans in new ways.
Prediction 8: AI assistants will use cryptocurrency for online payments, confirming crypto as the "native currency of the internet."
Prediction 9: Prediction markets will emerge as crypto’s new “killer app,” with over $100 million deployed into them.
Prediction 10: A major upgrade to the Ethereum blockchain will reduce average transaction costs below $0.01, laying the foundation for broader mainstream adoption.
Additionally, by the end of 2024, one-quarter of financial advisors will allocate cryptocurrencies in client portfolios.
Bitwise cautioned, "Predictions are not guarantees and do not constitute investment advice."
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