$ 103,128.1
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Dec 14, 2023
2024 Forecast: Analyst Predicts Bitcoin, Stablecoin Surge
Bitwise Invest's senior researcher, Ryan Rasmussen, envisions a doubling of Ethereum's revenue to $5 billion in 2024. He also anticipates a significant boost in Coinbase's revenue, attributing it to the widespread acceptance of the exchange's newly launched products. Rasmussen's predictions extend to various aspects of the crypto landscape for 2024, including a bullish outlook for Bitcoin. He asserts that Bitcoin will reach a new all-time high, surpassing $80,000, driven by the launch of a Spot Bitcoin ETF and the Bitcoin Halving.
JPMorgan On-Chain Fund, Taylor Swift NFTs, Stablecoin Surge Predicted
Additionally, Rasmussen foresees JPMorgan tokenizing a fund and launching it on-chain to leverage the efficiency of on-chain assets. In a unique prediction, he suggests the possibility of Taylor Swift launching non-fungible tokens (NFTs) to engage with her fan base, potentially using the music app Spotify as a platform. Moreover, Rasmussen predicts that stablecoins will play a pivotal role in 2024, with more money settling using stablecoins than through Visa.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.