💥💣😮Analyst: 2024 will be the boom year of cryptocurrency
A YouTube analyst from the Crypto Capital Venture channel lays out various arguments for the upward trend in 2024 in a new video.
The analyst opens the video by reflecting on the resilience and growth of the market despite difficulties such as the collapse of FTX, the bankruptcy of 3AC, and the SEC suing Coinbase and Binance, all of which should have led to the crypto's failure, but did not.
"Bitcoin is moving higher and lower in the macro," the analyst said. "From a distance, the cycles continue just like clockwork."
The analyst cites several bullish indicators, including the fact that 2024 is the year of the next Bitcoin halving event and January carries weight due to the fact that the Bitcoin ETF is potentially a few days away from approval. It is believed that this development will completely change the crypto space.
According to the analyst, as mentioned in BlackRock's spot Ethereum ETF application, this announcement will open the door to significant liquidity for Bitcoin and the altcoin market.
The analyst believes that even without the developments related to spot Bitcoin ETFs, the market would have looked very different from what it is now.
In addition to these announcements, the analyst stressed that the market is still waiting for a big decision on the Coinbase-SEC case, and oral arguments have been going on for weeks. Although there is speculation, Crypto Capital Venture suggests that the judge will probably treat fairly in these relations, while one of the world's largest crypto exchanges will probably emphasize that Congress is the real authority.
Against this background, Crypto Capital Venture shares its excitement for the coming year and predicts a market capitalization of $10 trillion for crypto in this bull cycle, with $4 trillion attributed to Bitcoin ( BTC).
