Leading crypto asset firm Bitwise has unveiled 10 bold predictions for 2024, forecasting a transformative year for digital assets. Key highlights include Bitcoin surpassing $80,000, spot Bitcoin ETF approvals, and stablecoins outpacing Visa in settlement volume.
Why 2024 Could Spark a Crypto Bull Run
2024 is poised to be a pivotal year for cryptocurrencies, fueled by two major catalysts:
- Spot Bitcoin ETF approvals by the U.S. SEC.
- The Bitcoin halving event, historically triggering price surges.
These developments could propel the market into a new bull cycle, with institutional adoption reaching unprecedented levels.
Bitwise’s Top 10 Crypto Predictions for 2024
Ryan Rasmussen, Senior Crypto Research Analyst at Bitwise, shared these forecasts:
- Bitcoin hits $80,000+, smashing previous all-time highs.
- Spot Bitcoin ETFs become the most successful ETF launch ever.
- Coinbase revenue doubles, exceeding Wall Street estimates by 10x.
- Stablecoins settle more volume than Visa as crypto payments gain traction.
- JPMorgan tokenizes a fund, accelerating real-world asset (RWA) tokenization.
- Ethereum revenue surpasses $5B amid booming decentralized app usage.
- Taylor Swift launches NFTs for fan engagement.
- AI assistants adopt crypto for online payments, cementing it as "the internet’s native currency."
- Prediction markets attract $100M+ in staked assets, emerging as a crypto killer app.
- Ethereum upgrade slashes transaction fees below $0.01.
👉 Explore crypto’s 2024 potential with these game-changing trends.
Stablecoins vs. Visa: The Payment Revolution
Bitwise predicts stablecoins will eclipse Visa’s settlement volume in 2024, driven by:
- Efficiency: Faster, cheaper cross-border transactions.
- Adoption: Businesses and AI systems leveraging crypto payments.
- Market growth: Stablecoin supply has ballooned to $137B since 2020.
"Stablecoins are crypto’s killer app," Rasmussen notes, "and 2024 will see another leap forward."
FAQs: 2024 Crypto Bull Run
1. What’s driving Bitcoin’s potential $80K surge?
- Spot ETF approvals, halving-induced scarcity, and institutional demand.
2. How likely are spot Bitcoin ETFs in 2024?
Analysts peg January 2024 as the critical deadline, with BlackRock, Fidelity, and Bitwise leading filings.
3. Could Ethereum’s upgrades impact its price?
Yes—lower fees and scalability improvements may boost adoption and revenue.
4. Why compare stablecoins to Visa?
Stablecoins offer programmable, borderless payments, ideal for global commerce and AI-driven transactions.
👉 Stay ahead in crypto by understanding these macro shifts.
Final Thoughts
Bitwise’s 2024 outlook blends bullish price targets with real-world utility breakthroughs. While $80K Bitcoin grabs headlines, the underlying narrative is clear: crypto is transitioning from speculation to mainstream financial infrastructure.
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