2023 was a very good year for crypto. But we think 2024 is going to be even better. Here are 10 bold predictions for what we expect in the year ahead.
If you’d like to know how we arrived at these predictions, you can download the full report below.
Please note: As with all predictions, these are not guarantees, but represent our best informed estimate. The future is complex and conditional, and whether these pan out exactly as written will depend on many complicated factors. Nothing that follows is investment advice.
Prediction 1: Bitcoin will trade above $80,000, setting a new all-time high.
Prediction 2: Spot bitcoin ETFs will be approved, and collectively will be the most successful ETF launch of all time.
Prediction 3: Coinbase’s revenue will double, beating Wall Street expectations by at least 10x.
Prediction 4: More money will settle using stablecoins than using Visa.
Prediction 5: J.P. Morgan will tokenize a fund and launch it on-chain as Wall Street gears up to tokenize real-world assets.
Prediction 6: Ethereum revenue will more than double to $5 billion as users flock to crypto applications.
Prediction 7: Taylor Swift will launch NFTs to connect with fans in new ways.
Prediction 8: AI assistants will use crypto to pay for things online, affirming crypto as “the native currency of the internet.”
Prediction 9: More than $100 million will be staked in prediction markets as they emerge as a new “killer app” for crypto.
Prediction 10: A major upgrade to the Ethereum blockchain will drive the average transaction cost below $0.01, paving the way for more mainstream uses.
Bonus Prediction: 1 in 4 financial advisors will allocate to crypto in client accounts by the end of 2024.
Source: Bitwiseinvestments.com
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