Bitcoin to surge to $80K as stablecoins overtake Visa in 2024 — Bitwise
Bitwise isn’t alone in its bullishness on stablecoins, with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.
Prediction #3: Coinbase’s revenue will double, beating Wall Street expectations by at least 10x. Historically, Coinbase's trading volumes surge in bull markets, and we expect the same to happen again. Plus, they’ve launched a wide range of new products that are showing traction.
Prediction #4: More money will settle using stablecoins than using Visa. Stablecoins are one of crypto’s “killer apps,” growing from effectively zero to a $137 billion market in the past four years, and we think 2024 will be another major year of growth.
In 2024... Bitcoin will set a new all-time high, the spot bitcoin ETF will be the most successful ETF launch of all time, Coinbase’s revenue will double, and more… Here are 10 Crypto Predictions for 2024 by the team
Prediction #1: Bitcoin will trade above $80,000, setting a new all-time high. There are two major catalysts that will help get us there: the anticipated launch of a spot Bitcoin ETF in early 2024 and the halving of new bitcoin supply around the end of April.
