Crypto Bull Run Anticipated in 2024: Bitwise’s Top 10 Predictions, Featuring Bitcoin Soaring to 80,000 Dollars

Crypto News- Bitwise, alongside industry giants BlackRock and Fidelity, has applied for a Bitcoin ETF spot with the SEC, setting the stage for a highly anticipated response by January 10, 2024.

Crypto Bull Run Anticipated in 2024: Bitwise’s Top 10 Predictions, Featuring Bitcoin Soaring to 80,000 Dollars

In a glimpse into the future, Ryan Rasmussen, a senior crypto research analyst at Bitwise Asset Management, has shared the team’s top 10 crypto predictions for 2024:

• Bitcoin poised to surpass $80,000, marking a new all-time high.
• Approval of spot Bitcoin ETFs, collectively making it the most successful ETF launch.
• Coinbase’s revenue doubling, exceeding Wall Street expectations by at least 10x.
• Stablecoins overtaking Visa in settling transactions.
• JPMorgan tokenizing a fund, initiating on-chain launches as Wall Street embraces real-world asset tokenization.
• Ethereum revenue surpassing 2x to reach $5 billion due to increased user engagement in crypto applications.
• Taylor Swift entering the NFT space to forge connections with fans.
• AI assistants incorporating crypto for online payments, solidifying crypto as the “native currency of the internet.”
• Prediction markets witnessing over $100 million in stakes, emerging as a revolutionary crypto application.
• A significant Ethereum upgrade reducing average transaction costs to below $0.01.

With the crypto community anticipating a bull run in 2024, these predictions, considered by some as conservative, include a bold assertion of $80,000 for Bitcoin, prompting one Twitter user to label it as a bearish projection.

In a realm where bold projections abound, Rasmussen’s assertion that settlements using stablecoins will surpass Visa’s volume stands out. He sees stablecoins as a ‘killer app’ in crypto, projecting significant growth in 2024, particularly if the forecast about AI assistants utilizing crypto for online payments materializes.

As the industry navigates uncharted waters, these predictions offer a tantalizing glimpse into the potential landscape of the crypto space in 2024.