These forecasts, although ambitious, are seen by some as conservative. For some observers, the $80,000 prediction for BTC is just the starting point.
In the outlook for 2024 cryptocurrencies, expectations and predictions rise like hundreds of possibilities. Bitwise, an American company, outlined a horizon of advances for the ecosystem that could redefine the direction of tokenized finance.
The projected figures are surprising: Bitcoin, the undisputed market leader, could reach the figure of US$80,000, which would mark a historical milestone. But beyond this vertex, the approval of exchange-traded funds (ETFs) Bitcoin Cash is on the horizon, and is expected to be the catalyst of an unprecedented rally.
The US Securities and Exchange Commission (SEC) is in the spotlight as Bitwise, along with giants like BlackRock and Fidelity, presented their Bitcoin spot ETF proposal. January 10, 2024 is the deadline, the moment that is expected the regulatory decision that could change the financial game.
Ryan Rasmussen, Senior Cryptocurrency Research Analyst at Bitwise Asset Management, shared his views on what the coming year holds. Her predictions exude confidence in an already exciting market.
Bitcoin: the predictions
- Bitcoin could challenge the limits and exceed $80,000, setting a new record.
- Bitcoin spot ETFs could get the green light, marking a milestone in financial history.
- Coinbase could surprise by doubling its revenue, exceeding expectations of Wall Street in an astonishing way.
- Stablecoins could leave their mark, even surpassing transactions processed by Visa.
- The tokenization of real assets could take a leap, with JPMorgan leading this wave of innovation.
- Ethereum, with its DAppscould experience a rebirthwith their income multiplying by more than two.
The panorama also suggests that artificial intelligence could adopt cryptocurrencies as an online currencywhile prediction markets would attract significant investments, emerging as a prominent new application in the crypto space.
These forecasts, although ambitious, areare seen by some as conservative. For some observers, the $80,000 prediction for Bitcoin is just the starting point.
At the beginning of the year, analysts at Bloomberg andThey speculated about a supercycle for Bitcoin, with a price that could rise to US$530,000. These projections fuel the excitement and expectations of a year that promises to be revolutionary for cryptocurrencies, where uncertainty and opportunity dance together on the global financial stage.
Source: Ambito
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