10 Crypto Predictions from Bitwise for 2024

ETF Applicants Bitwise believes 2024 will be a historic year for Bitcoin. The top ten predictions from the San Francisco-based cryptocurrency asset manager are as follows:

1. New all-time highs (ATHs) for Bitcoin: Bitwise predicts that the halving and the historic introduction of spot Bitcoin ETFs, which will ultimately make Bitcoin an accessible investment choice for all, will propel BTC above $80,000.

2. Bitcoin ETFs will be the most successful launches ever: Based on internal research conducted by the company, ETFs may take $72 billion, or 1%, of the $7.2 trillion U.S. ETF market in five years.

3. Coinbase's results could surprise investors: Bitwise predicts that the US-based exchange will outperform Wall Street's sales growth projections by a minimum of ten times.

4. The volume of stablecoin transactions will exceed that of Visa transactions: The company projects that stablecoins, one of cryptocurrency's "killer apps," will become more prevalent in day-to-day banking and may even eclipse Visa, the industry leader in financial payments.

5. J.P. Morgan plans to tokenize a fund and put it live on the blockchain: Wall Street is starting to tokenize physical assets; by 2030, there will be $16 trillion worth of tokenized assets on the blockchain, up from $5.5 billion currently.

6. Ethereum revenue will double to $5 billion: According to Bitwise, Ethereum revenue will grow from $2.3 billion to $5 billion this year, making it one of the digital platforms with the quickest rate of growth.

7. NFTs for fans will be introduced by Taylor Swift: Pop culture and cryptocurrency are expected to converge once more, with Taylor Swift potentially launching NFTs to encourage fan interaction.

8. Cryptocurrencies will be used by AI assistants: According to the company, cryptocurrency use by AI agents for online transactions will solidify its position as the internet's native form of money.

9. Prediction markets have the potential to be a game-changing application for cryptocurrencies, as evidenced by the firm's prediction that over $100 million will be staked in them.

10. There will be a considerable drop in petrol fees thanks to a major Ethereum update. With average transaction fees of less than $0.01, Ethereum will become even more competitive and user friendly.

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