Will a Bitcoin spot ETF finally be born in the US this year? Summary of 2024 virtual currency market predictions

Digital forex market prediction

Because of the 2022 Terra Incident and the chapter of FTX, it’s mentioned that crypto belongings (digital currencies) have entered a winter period.

In the meantime, beginning in 2023, asset administration big BlackRock and others have successively utilized for Bitcoin (BTC) spot ETFs (change traded funds) in the USA, and the U.S. Federal Reserve has halted rate of interest hikes. There are additionally some optimistic indicators, such because the introduction of authorized reforms for steady cash in Japan.

Many imagine that Bitcoin spot ETFs shall be authorized in the USA in January 2024, however what sort of yr will this yr deliver? Under is a listing of articles printed by every firm relating to their predictions for 2024, sorted by publication date.

2024 Forecast Abstract

Will the digital forex Bitcoin worth speed up its rise in 2024? = Grayscale Market Report (12/2)

Digital forex administration firm Grayscale launched its November 2023 market report on December 1st. He identified that the worth of Bitcoin continued to rise in November, and the affect unfold broadly to the digital forex market, and that the confluence of a number of circumstances may put upward strain on the worth of Bitcoin in 2024. It reveals the opinion of (the article isright here)

Prediction of Bitcoin reaching $125,000 in 2024, Matrixport evaluation primarily based on halving (12/2)

Matrixport expects Bitcoin to strategy its present excessive of $63,140 by April 2024 and attain $125,000 by the top of the yr. This evaluation relies on historic Bitcoin worth information in addition to geopolitical and macroeconomic components. (the article isright here)

Main US enterprise capital a16z declares “9 digital forex tendencies to count on in 2024” (12/8)

On the sixth, main US VC agency Andreessen Horowitz (a16z) introduced a listing of tendencies it expects to see subsequent yr within the digital forex space. 9 gadgets had been talked about, together with decentralization, synthetic intelligence (AI), and enhancing buyer expertise. (the article isright here)

2024 digital forex market forecast, shift to altcoins and enhance in company token holdings = VanEck (12/9)

On the seventh, VanEck, a significant US asset administration firm, launched a forecast report for the digital forex market in 2024. He lists 15 predictions for 2024, together with the launch of a Bitcoin spot ETF. (the article isright here)

Bitcoin is predicted to achieve its all-time excessive by November subsequent yr, with halving and US presidential election more likely to be components within the rise | VanEck Report (12/8)

On the seventh, VanEck launched a 2024 forecast report for the digital forex market. He expressed the view that Bitcoin is more likely to endure vital fluctuations and rise to a report excessive (1 BTC = $69,000) by the second half of 2024. (the article isright here)

Binance Analysis lists “10 eventualities” to observe within the digital forex trade (12/11)

On the seventh, Binance’s analysis division launched a report titled “Are we coming into a bull market? 10 eventualities to observe.” We defined the eventualities and indicators to regulate as we sit up for the approaching months. (the article isright here)

“Ethereum is predicted to outperform Bitcoin’s development charge” JP Morgan’s subsequent yr forecast (12/14)

Analysts at US monetary big JP Morgan have expressed the view that Ethereum (ETH) is more likely to outperform Bitcoin and different main cryptocurrencies in 2024. Explains the premise for the prediction. (the article isright here)

“Bitcoin will attain $80,000 in 2024” Bitwise bullishly predicts the digital forex market (12/15)

Cryptocurrency funding firm Bitwise releases predictions for the market in 2024. We count on Bitcoin to commerce above a brand new excessive of $80,000, however that is predicated on the launch of a Bitcoin spot ETF. (the article isright here)

“Digital forex will rise in 2024” even when Bitcoin spot ETF shouldn’t be authorized = Matrixport report (12/15)

In its weekly market report on the 14th, Matrixport defined the favorable macroeconomic surroundings and liquidity for the digital forex market as an outlook for 2024. “Even when the U.S. Securities and Alternate Fee (SEC) doesn’t approve a Bitcoin spot ETF in January 2024, it’s probably that the worth of cryptocurrencies will rise in 2024.” (the article isright here)

“Predicting Bitcoin ETF approval in January 2024” What’s the foundation for Bloomberg analyst’s opinion? (12/17)

Bloomberg ETF analyst James Seifert mentioned on The Scoop podcast that the SEC may approve a number of ETFs on the identical time, and the way Grayscale’s victory may have an effect on the approval course of. Clarify intimately. He’s identified for his evaluation of Bitcoin ETF tendencies and has gained a sure degree of belief on social media in 2023. (the article isright here)

US Coinbase digs into the outlook for subsequent yr’s digital forex market (12/19)

On the 14th, the institutional analysis division of U.S. cryptocurrency change Coinbase launched a report titled “Digital Foreign money Market Outlook in 2024.” The 82-page report delves into crucial market tendencies for 2024, from L2, gaming, decentralized bodily infrastructure evolution, de-dollarization, regulation, and tokenization. (the article isright here)

“Bitcoin is the Godzilla of the monetary world”, the revival of Solana and the unfold of DePIN/AI = Messari’s 2024 report (12/21)

Cryptocurrency evaluation firm Messari introduced on the nineteenth the discharge of founder and CEO Ryan Serkis’ annual report, “The Messari Declare.” The 192-page report is split into 11 sections detailing the highest 10 funding and coverage tendencies, individuals, merchandise, and cryptocurrencies to observe in 2024. (the article isright here)

“Bitcoin will exceed $50,000 by the top of January 2024” Matrixport predicts in opposition to the backdrop of the year-end gross sales season and the rise in digital currency-related shares (12/22)

Matrixport predicts that Bitcoin will exceed $50,000 by the top of January 2024. The primary cause for that is that there’s an rising risk that the US SEC will approve the itemizing of a Bitcoin spot ETF in January of the identical yr. (the article isright here)

Bitcoin market prediction, risk of vary market in the direction of 2024 – Bitfinex evaluation (12/24)

In accordance with the Bitfinex Alpha report launched on December twenty second, there’s a view that the Bitcoin market will transition to a “vary market” wherein the worth strikes up and down inside a sure field vary in the direction of 2024. It cites on-chain metrics, historic tendencies in market cycles and investor sentiment, and miner tendencies as proof. (the article isright here)

Excessive expectations for the Web3 sport trade in 2024 = Delphi Digital report (12/27)

Analysis agency Delphi Digital releases a 2024 forecast report for the Web3 gaming trade. He expressed the view that it’s more likely to be a yr stuffed with nice expectations for the sport trade, given the rising curiosity within the Web3 market by main sport gamers and the lively improvement of infrastructure. (the article isright here)

Is it the start of the airdrop season in 2024? Indicators of token issuance rush proven by VC funding tendencies (12/29)

As we head in the direction of 2024, expectations are rising within the digital forex world for “airdrop season.” In 2023, initiatives resembling Arbitrum, Celestia, Pyth Community, and Jito gained consideration and distributed token rewards to early customers. (the article isright here)

Click on right here to learn to begin investing in Bitcoin

If you wish to buy varied digital currencies,Test the shares dealt with by every changeplease strive.

Now we have launched the “Warmth Map” perform to the CoinPost app for buyers!
Along with essential information about digital currencies, you can too see at a look change info such because the greenback yen and worth actions of crypto asset-related shares within the inventory market resembling Coinbase.

■Click on right here to obtain the iOS and Android variations
https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (digital forex media) (@coin_post) December 21, 2023