Last week, Coinbase released its cryptocurrency report.
Very interesting ideas about what we can expect in 2024, check out some of the highlights:
- The total cryptocurrency market capitalization doubled in 2023, suggesting that the asset class has already emerged from its "winter" and is now in the midst of a transition.
- Requests#ETF of#Bitcoin $BTC spot payments from some major US financial institutions have been an implicit recognition of cryptocurrencies' potential to disrupt.
- To create a more resilient market, developers will have to continue building real-world use cases that help us cross the chasm from early adopters to mainstream users.
- The#tokenización is currently attracting traditional financial players to the#Web3
- Bitcoin will continue its dominance. Institutional flows will remain firmly anchored in bitcoin. Additionally, pent-up demand from traditional investors looking to enter this market will make it more difficult to supplant bitcoin's hegemony in the near term.
- Wait for more information on how to find the potential web3 applications that bridge the gap between early adoption and widespread use. Many market players rely on web2 analogues for their investment ideas in this space, such as payments, gaming and social media.
Luis Carbajo, Co-Founder & CEO Vottun
