Bitcoin may rise to $ 80,000 in 2024

Bitwise analyst Ryan Rasmussen has told how much bitcoin will cost BTC $58,634.83 Bitcoin -2.51% Market capitalization $1.16 trillion VOL. 24 hours $2.96 billion in 2024 and made ten additional predictions about the situation on the crypto market.

Rasmussen believes that next year the flagship crypto asset will be able to reach $ 80,000. The analyst named the upcoming halving and the likely launch of spot bitcoin ETFs in the United States as the main drivers of BTC growth. It should be noted that Bloomberg analysts believe that the instrument will be launched in January next year. The halving will take place at the end of April.

1. Spot ETFs on bitcoin will become the most successful traded funds on the exchange.

«We estimate that within five years, spot bitcoin ETFs could take 1% of the $ 7.2 trillion U.S. ETF market, or $ 72 billion in AUM,» Rasmussen wrote.

2. Coinbase, the largest crypto exchange, will manage to double its revenue. The business results of the trading platform will exceed the expectations of Wall Street analysts.

3 The volume of transfers with stablecoins will surpass the indicators of the largest payment system Visa.

4. JPMorgan will create a tokenized onshore fund amid growing interest in tokenized assets on Wall Street.

5. Ethereum ETH $3,164.06 Ethereum -4.06% Market capitalization $380.31 billion VOL. 24 hours $1.32 billion revenues will more than double and reach $ 5 billion amid growing interest of market participants in decentralized applications.

6. Taylor Swift will launch her collection of NFT tokens. The analyst explained his forecast by the interest of the Spotify streaming service, where the singer took first place in terms of the number of listens, in non-fungible tokens.

7. Virtual assistants based on artificial intelligence will start using cryptocurrency to pay for purchases. In this way, cryptocurrency will secure the status of Internet money.

8. Investors will invest more than $ 100 million in prediction markets.

9. The EIP-4844 upgrade will help reduce the average cost of ETH transactions to below $ 0.01.

10. By the end of 2024, one in four financial advisors will use cryptocurrencies on client accounts.