Bitcoin is set to break its latest All-Time High by touching US$80,000 per piece next year. This projection is based on stablecoin transactions that will overtake the world's payment giant, Visa.
For information, in the third quarter of this year alone stablecoin transactions have touched US$5 trillion. While Visa's transactions are in the US $ 9 trillion position.
"Stablecoins are one of the crypto 'killer apps', growing from effectively zero to a $137 billion market in the last four years, and we think 2024 will be a big growth year," tweeted Bitwise Researcher Ryan Rasmussen on X on Wednesday (13/12).
Bitwise is not alone, Circle CEO Jeremy Allaire also said that demand for stablecoins will increase in the coming years.
