Bitwise's Top 10 Predictions for 2024: BTC Will Break $80,000, Spot BTC ETF Will Be Approved

Compiled by: Karen, Foresight News

On January 3, Bitwise Asset Management, a leading U.S. cryptocurrency index fund management company, released its top 10 cryptocurrency predictions for 2024. Bitwise believes that "cryptocurrency withstood the test in 2023 and performed well, and the cryptocurrency space will be even more prosperous in 2024."

Here are Bitwise's 10 bold predictions for the cryptocurrency space in 2024.

Prediction 1: The trading price of Bitcoin will exceed $80,000, setting a new all-time high.

Prediction 2: A spot Bitcoin ETF will be approved, becoming the most successful ETF issuance in history.

Prediction 3: Coinbase's revenue will double, exceeding Wall Street's expectations by at least 10 times.

Prediction 4: Funds settled using stablecoins will surpass those using Visa.

Prediction 5: As Wall Street prepares to tokenize real-world assets, JPMorgan will tokenize a fund and launch it on-chain.

Prediction 6: As users flock to crypto applications, Ethereum's revenue will more than double, reaching $5 billion.

Prediction 7: American singer-songwriter and music producer Taylor Swift will launch NFTs to connect with fans in new ways.

Prediction 8: AI assistants will use cryptocurrencies for online payments, confirming that cryptocurrency is the "native currency of the internet."

Prediction 9: As prediction markets become the new "killer app" for cryptocurrency, over $100 million will be invested in prediction markets.

Prediction 10: Major upgrades to the Ethereum blockchain will reduce average transaction costs to below $0.01, laying the groundwork for more mainstream uses.

Additionally, by the end of 2024, one in four financial advisors will allocate cryptocurrency in client accounts.

Bitwise cautions that "predictions are not guarantees and are not investment advice."