JPM - 2024: Ready For A Crypto Craze? Bitwise's Predictions For Bitcoin Taylor Swift And More | Benzinga
2024 could be a year of significant milestones for the cryptocurrency industry.
Crypto index fund manager Bitwise on Wednesday laid out key trends to look forward to, including Bitcoin's (CRYPTO: BTC) reaching new heights as well as the emergence of artificial intelligence (AI) assistants using crypto for online transactions.
There are also two highly-anticipated events on the calendar: the launch of a spot Bitcoin exchange-traded fund (ETF) in early 2024 and the halving of new Bitcoin supply around the end of April.
Both milestones are expected to help Bitcoin surpass its previous all-time high of $69,000.
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Bitwise also predicts that the Bitcoin ETFs will collectively become the most successful ETF launch in history, capturing a significant portion of the $7.2 trillion U.S. ETF market.
Other predictions Bitwise is making:
- Stablecoins: Cryptocurrencies pegged to fiat currencies like the U.S. dollar, are poised to become the preferred method for settling payments. Bitwise predicts that stablecoin ...