đ Top 5 Reasons Why Massive Crypto Bull Run is Imminent in 2024
Here are the key factors driving the anticipated massive bull run:
1. BTC ETF & Halving Hype đ
In Q1 2024, Crypto Banter predicts the approval of the Bitcoin ETF, bringing major players into the game. This move is expected to legitimize Bitcoin further, potentially injecting up to $2 billion into the market. The Bitcoin halving, scheduled for Q1/Q2 2024, is poised to align with the ETF's impact, reducing the supply side and historically leading to a peak in Bitcoin prices about a year after.
2. FED Pivot & Global Liquidity Surge đš
FED Chairman Powell's recent shift in the FOMC suggests potential changes in monetary policy. Anticipated rate cuts in mid-2024 could create a favorable monetary environment, positively impacting liquid asset prices.
3. Election Year & FASB Rules Change đłď¸
Historically bullish trends during election years and the stock market breaking all-time highs add intrigue. A crypto-friendly presidential candidate, Donald Trump's new regime, adds layers of optimism. Additionally, new FASB rules in 2024 allowing real-time value reflection of Bitcoin on balance sheets are set to catalyze corporate adoption by showcasing its dynamic asset potential.
4. ETH ETF Approval & $SOL Futures ETF đ
Ethereum's spot ETF filings, mirroring Bitcoin's journey, expect approval in Q3/Q4 2024, positioning ETH as the next crypto star. Following the trajectory set by Bitcoin and Ethereum, the logical progression leads to SOL or XRP.
5. Alt-coin Frenzies & Stablecoin Mass Adoption đ\
Growing liquidity is expected to entice investors to explore the crypto risk curve, paving the way for alt-coin frenzies throughout the year. With BlackRockâs involvement in Circle and Tetherâs record market cap, Stablecoins are poised for explosive growth in 2024.
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