The year 2024 is expected to be a defining moment in the evolution of the cryptocurrency market. According to Standard Chartered, Bitcoin is predicted to reach $100,000 by the end of 2024, contingent on the approval of several ETFs 1. Matrixport also shared a positive outlook, anticipating Bitcoin to hit $63,140 by April 2024 and $125,000 by the close of the following year 1.
The advent of spot ETFs and tokenization represents a pivotal moment in cryptoâs integration into the broader financial landscape 2. Allocating a small percentage of US wealth management assets to Bitcoin ETFs could yield significant ETF sizes. Simultaneously, DeFi protocols are diversifying their yield sources into RWAs like U.S. Treasuries, attracting more crypto-native capital 2.
The recent surge in Bitcoin prices serves as a prelude to an anticipated bull market of 2024. Global liquidity conditions have been on the upswing since October 2023. The Fedâs change in tone during the December FOMC confirmed market expectation of potential rate cuts in early 2024, creating more favorable conditions for risky assets 2.
Therefore, it is expected that the 2024 bull run will have a significant impact on the cryptocurrency market. It is a good time to invest in cryptocurrencies such as Bitcoin and other altcoins. Donât miss out on this opportunity! #CryptoPredictions2024 #BTC!đ° #InvestmentStrategies #BullRun2024. #etf
