TLDR: 2024: Spot Bitcoin ETF approval, BTC all-time high, new crypto narratives, Ethereum Layer 2 adoption, and global political shifts towards crypto-friendly policies.
This article is a summary of a You Tube video “Coin Bureau 2024 CRYPTO Predictions: Our Top 10!!” by Coin Bureau
Key Takeaways:
- Spot Bitcoin ETF Approval Expected: A high likelihood of a spot Bitcoin ETF being approved in early 2024, particularly in January, with significant implications for BTC’s market.
- Bitcoin’s New All-Time High: Prediction of Bitcoin reaching a new all-time high in 2024, surpassing $80,000, based on its historical price patterns and cycle highs.
- Impact of Bitcoin Halving: The upcoming Bitcoin halving is expected to have minimal immediate impact on BTC’s price, as it’s already factored into the market.
- Emergence of New Crypto Narrative: A new dominant narrative in the crypto world is expected to arise in 2024, potentially focusing on decentralized social media, gaming, or AI.
- Adoption of Ethereum Layer 2s: Post-Denune upgrade, Ethereum Layer 2s are predicted to see substantial adoption and compete with other Layer 1s, possibly reclaiming market share.
- Stablecoin Payments Expansion: An increase in the use of stablecoins for payments, especially on Ethereum and its Layer 2s, is anticipated.
- BTC for International Trade: Some governments, especially those under sanctions, may start using Bitcoin for international trade in 2024.
- Public Companies Holding BTC: A trend of more publicly traded companies holding Bitcoin on their balance sheets, influenced by recent accounting rule changes.
- FTX Restart and Growth: Expectations of FTX restarting operations in 2024, potentially becoming a major player in the crypto exchange market.
- Pro-Crypto Politicians Elected: Anticipation of pro-crypto politicians being elected globally in 2024 due to increasing awareness and concerns over government-controlled digital currencies.
