2023-12-14 18:01:43
Even though the bitcoin price has recently lost momentum ( BTC PRICE ), analysts are almost unanimously predicting big numbers for 2024. An analyst from Bitwise has now come up with a prediction according to which the price of bitcoin will reach 80 thousand dollars in 2024. Moreover, according to him, this year, for the first time in their history, stablecoins will handle more payments than Visa.
The Bitwise analyst collected 10 positive things for 2024
On December 13, Ryan Rasmussen posted on X 10 positive predictions for the crypto sector for the coming year. One of these points was the prediction that stablecoins will cement their position in the financial world and will easily overtake the transaction numbers of large companies such as VISA. Currently, by the third quarter of 2023, VISA has processed $9 trillion in payments. Trading volume for stablecoins hovered around $5 trillion during the same period. Rasmussen investigated how stablecoins have come from almost nothing to this point in the last four years. And if we watch this growth, a big breakthrough might come in 2024. The same view is shared by Circle also its CEO (which is not surprising), who says that in the next few years, investors looking for the safety of the digital dollar will flock to stablecoins.
But among Rasmussen’s predictions there was also a bitcoin prediction. Due to the bitcoin halving event and the expected launch of US Bitcoin spot ETFs, the analyst does not consider it impossible to double the current exchange rate either. Let’s say this prediction is just a drop in the ocean. Plan B, posting regarding bitcoin, predicted $100,000, BitQuant expects BTC to reach $250,000 in 2024. But there were also those who did not consider 1 million dollars out of the question. Incidentally, Bitwise is one of 13 companies that have applied for approval in the US for a spot Bitcoin ETF. They predict that the approval will not only push the price of bitcoin, but that up to $72 billion will flow into these funds over the next five years.
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