Forecasts of CommEX Director, Anton Toroptsev

  • Capital Inflows and Halving: Toroptsev foretells significant growth for the industry due to capital inflows, especially in the context of the expected halving and the approval of the first Bitcoin ETFs in the US.

  • Role of ETFs: The introduction of Bitcoin ETFs could establish cryptocurrencies as an important investment vehicle. This, according to Toroptsev, will help resolve discussions about the prospects of cryptocurrencies.

“The approval of the ETF will put an end to the debate about cryptocurrencies and their prospects in terms of the investment landscape.” - Anton Toroptsev

Impact of Spot ETF on Bitcoin

  • Market Impact: The approval of a Bitcoin spot ETF could significantly increase demand for the cryptocurrency, as the fund's shares involve direct purchases of Bitcoin. About which, I previously wrote on my blog.

Technological prospects and the role of cryptocurrencies in cross-border payments

  • Integration with Traditional Finance: Toroptsev predicts an increase in the volume of transactions for converting cryptocurrencies and fiat.

  • Settlement with Stablecoins: The use of stablecoins for settlements is already observed, which may increase in 2024.

Growth of the user community and technological improvements

  • Focus on Scaling: Roman Nekrasov from the ENCRY Foundation emphasizes the importance of scaling solutions due to the growing number of users.

  • Throughput Issues: An increase in the number of users leads to the need to improve the throughput of blockchain networks.

Development of DeFi and security

  • Popularity of DeFi: Fedor Ivanov from Shard predicts the growing popularity of decentralized finance and related services.

  • Risks and Regulation: The issue of security remains relevant, especially in the context of increasing government regulation of cryptocurrency transactions.

  • Integration of new systems: many technology companies, such as SMM FAST LLC, have already begun integrating $SOL, $BTC, $ETH into their system as a means of payment.

“The damage from hacker attacks on crypto services continues to grow, and next year will be no exception.” - Grigory Osipov

Conclusion

Overall, 2024 promises to be a major milestone in the development of the cryptocurrency industry, with a key focus on integration with traditional finance, improving technology, and managing risk and regulation.