Based on observations and assessments from the author’s personal perspective, The 4 Most Influential People Who Can Send The Crypto Market TOTHEMOON In 2024 are:
1. Jerome Powell — Current Chair of the Federal Reserve:
Due to his previous statement that the Fed’s tightening monetary policy is most likely done, the whole world’s economies are highly expecting of at least one to maximum three rate cuts in this year.
Rate cut will open a new period of loosening monetary policy which is allowing more printed dollars to flow into all sectors of the economies, lead to a new cycle of investment asset’s growths, especially Crypto market.
2. Donald Trump — Former 45th President of USA:
Has just turned into a Super Pro-Crypto right after the Biden’s administration made it clear that it would veto any efforts from US Congress to facilitate the development of the Crypto market in the US.
Trump is the 2024 presumptive Republican presidential nominee and if Trump wins this election, positive regulations would be made and this would bring massive investments to the Crypto industry. A pretty funny note is that Donald was an Anti-Crypto during his previous term.
3. Elon Musk — Tesla’s CEO, SpaceX’s CEO and X’s Owner:
By letting Tesla owning Bitcoin since 2021, then his revelation that his personal and SpaceX’s portfolios also own Bitcoin, Ethereum, Dogecoin, the third richest man in the world has an enormous influence on Crypto industry.
Elon became a Pro-Crypto since the previous Bitcoin halving year of 2020, so after this recent halving, many eyes are on him now especially his plan to release the new X’s payment-feature which expectedly uses Dogecoin as the currency.
4. Larry Fink — CEO of Black Rock:
Has been proving to everyone that his decision to have a Bitcoin Spot ETF for Black Rock is one of his most successful one. IBIT is the World Top 2 Bitcoin HODLing Institutions with 276.76K $BTC currently and is expected to be the Top 1 soon.
His firm also disclosed a $6.6M investment in its own IBIT fund in its 13F filling to SEC. Larry won’t stop here because of the way much better than expected result that IBIT has achieved. He will probably launch new other financial products from Bitcoin for his investors in this year and this would make another huge cash to flow into this market again.