TLDR: 2024 forecasts major crypto bull run, Bitcoin & Ethereum ETFs, global election impacts, next Solana hunt, with emphasis on volume, cybersecurity, and skepticism on real-world blockchain assets.
This article is a summary of a You Tube video “CRYPTO TRENDS FOR 2024 WILL MAKE PEOPLE TOO RICH (Watch ASAP)” by EllioTrades
Key Takeaways:
- Major Bull Run Anticipated in 2024: A combination of increased demand, halving supply, and the desirability of holding crypto as a long-term asset is expected to drive a significant bull run in 2024.
- Political and Economic Landscape Influence: The hyperinflationary fiat system, political changes, and the highest number of global elections since a key historical period underscore the importance of 2024 not just for the United States but globally.
- Global Elections Impact: Over half the world’s population will participate in elections in 2024, affecting the crypto market and possibly enhancing its appeal as a hedge against uncertainty.
- Bitcoin ETF Approval: The approval of a Bitcoin ETF, spearheaded by Grayscale’s victory over the SEC, is seen as a pivotal moment for crypto, likely to attract more investors.
- Ethereum ETF Speculation: Following the Bitcoin ETF, an Ethereum ETF is expected to be expedited, potentially boosting Ethereum’s market performance despite its recent underperformance.
- Volume and Liquidity as Key Metrics: The importance of volume and liquidity for developers choosing a blockchain is highlighted, with Ethereum’s dominance in these areas being challenged for the first time.
- The Next Solana Hunt: Identifying the next high-growth crypto project is a major focus, with Solana’s rise illustrating the potential for significant returns.
- NFTs and Gaming: NFTs and gaming are identified as continuing trends, with their success linked to Ethereum’s value and broader adoption in the crypto space.
- Cybersecurity Emphasis: The importance of cybersecurity, particularly the use of VPNs, is emphasized for those active in the crypto space to protect against hacks and maintain privacy.
- Skepticism Towards Real-World Assets on Blockchain: A cautionary stance is taken on the current hype around tokenizing real-world assets on the blockchain, suggesting it may be premature without a proper legal framework.
