Bitwise The Year Ahead: 10 Crypto Predictions for 2024

[fillippone]

Bitwise published a document highlighting their top predictions for 2024:

The Year Ahead: 10 Crypto Predictions for 2024



The ten prediction are:

Prediction 1 : Bitcoin will trade above $80,000, setting a new all-time high.
Prediction 2 : Spot bitcoin ETFs will be approved, and collectively they will be the most successful ETF launch of all time.
Prediction 3 : Coinbase’s revenue will double, beating Wall Street expectations by at least 10x.
Prediction 4 : More money will settle using stablecoins than using Visa.
Prediction 5 : J.P. Morgan will tokenize a fund and launch it on-chain as Wall Street gears up to tokenize real-world assets.
Prediction 6 : Ethereum revenue will more than double to $5 billion as users flock to crypto applications.
Prediction 7 : Taylor Swift will launch NFTs to connect with fans in new ways.
Prediction 8 : AI assistants will start using crypto to pay for things online, affirming crypto as “the native currency of the internet.”
Prediction 9 : More than $100 million will be staked in prediction markets, which will emerge as a new “killer app” for crypto.
Prediction 10 : A major upgrade to the Ethereum blockchain will drive the average transaction cost below $0.01, paving the way for more mainstream uses.

Bonus Prediction :1 in 4 financial advisors will allocate to crypto in client accounts by the end of 2024.

I think every prediction has a different kind of boldness in it, from the most boring one, as Prediction number 1, to the one i find more exciting, prevision number 8. Where there is a precise scoper per Lightning network, that is perfect for cheap, instant, reliable micropayments between agents.

What do you think? Which prediction excites you the most?

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If bitcoin ETF is approved. After halving. The market would be for the bulls. Bitcoin price may skyrocket above $100000 before 2025.

What do you think? Which prediction excites you the most?

Prediction number 1 and 2 are the ones I found more interesting. They are mainly about bitcoin price and bitcoin ETF.

One of the predictions that I think will fail is the number 10 which is about Ethereum network fee to reduce. Since many years ago, people thought that would happen but it did not happen. Ethereum went from PoW to PoS, but the fee did not reduce. A simple update from PoW to PoS can fixed that but Ethereum developers did not fix it.

[AirtelBuzz]

What do you think? Which prediction excites you the most?

Prediction number one made me more excited.Because the number one prediction is that Bitcoin will go above $80k I am so excited that I now have some Bitcoin that I have held for a long time. If bitcoin goes above 80k$ then my bitcoin holdings will go over a thousand dollars which is why I am so excited about this prediction.

[fillippone]

Prediction number one made me more excited.

If bitcoin ETF is approved. After halving. The market would be for the bulls. Bitcoin price may skyrocket above $100000 before 2025.

Provided that price prediction is by far the most exciting one, I think here Bitwise has been quite cautious on the value. I think that barely beating ATH in 2024 would be fairly disappointingly low expectation.

I think other predictions are more interesting.

[apogio]

Definetely prediction number 7 is the most important one 

Provided that price prediction is by far the most exciting one, I think here Bitwise has been quite cautious on the value. I think that barely beating ATH in 2024 would be fairly disappointingly low expectation.

I have a similar point of view, although I think Bitcoin will see huge price increase 12-18 months after the halving.

[criptoevangelista]

I'm excited about the ETFs, for me bitcoin will easily surpass this target of 80k USD if the ETF is finally approved.

This ethereum fee projection I think will never happen on their main network. Maybe with second layer solutions it will come to something close to that.

Anyway, I'm very optimistic about the year 2024, it's going to be an incredible year after all the suffering we've been through.

[TravelMug]

I've seen similar thread here: Bitwise Crypto Predictions 2024.

[Z-tight]

Prediction 1 and 2 are probably the 'easiest' to make out of the 10. With BTC halving approaching, you would expect the price of BTC to pump as high as 80k, and with all the speculations in recent months, BTC spot etf in the U.S. is probably now a question of when and not if.

The prediction i find very 'interesting' is prediction number 9, it says prediction markets will emerge as the new crypto 'killer app', that means a lot of people are going to lose their money staking on future events, well like always i guess, in betting some get their predictions correct and win, but most get it wrong and lose .

[AprilioMP]

What do you think? Which prediction excites you the most?

Predictions 1 and 2 are what got me excited.
$80,000 is quite a high price for me to imagine because I have never experienced it since getting to know Bitcoin that I know that the previous highest price was below the price of $80,000 as included in prediction 1.
$42,963 the current trading price, if I can collect the full amount of Bitcoin, then when Bitcoin trades in 2024 at $80,000, I will have earned double that.

And regarding prediction number 2, maybe for me who is still new and has not been in the crypto world for long, I will say to people around me that this is the fruit of my belief while in the crypto space and optimistic about Bitcoin because of the new history in industrial development with technology which is great.

Prediction number 7, I don't really care because it will only last for a moment as long as the NFT trend continues. When the trend disappears, I'm sure it will be forgotten too.
As for prediction number 8, it has begun to be felt, although not directly, by people in general. Several large and advanced companies have started to take advantage of the sophistication of this artificial technology.

[Rabata]

I think every prediction has a different kind of boldness in it,

Every prediction is quite important but I think the prediction number 1 that is very important and possible we can expect to touch 6 digits next year. In case of prediction number two, the probability of ETF being approved is very high. If the Bitcoin ETF is approved in January it will further influence the halving event so we can see a breakthrough in Bitcoin movement for 2024.

[Dailyscript]

Really am happy for prediction 1 and 2. Big minds get the best of it. (Only true hodl will understand)

However @fillipone prediction 7 and 8 captured my attention. I cant wait to see NFTs fully back and adopted by people who look down at it. And i will be willing to share my own NFTs as well.

  Bitcoin and AI assistance in collaboration! that is perfect for the internet.

[naira]

What do you think? Which prediction excites you the most?

I am also one of the people who is most eager to see how much impact this bitcoin ETF will have. Because we have gone through many adoptions from various institutions, but Blackrock is something different that was able to steal my attention. Not only from the positive side, Bitcoin prices have certainly skyrocketed, but will there be any negative impacts from this Bitcoin ETF? I mean with the involvement of a large entity Blackrock in the future it will not be far from the control they want.

My question is based on a personal position that inevitably as a holder thinks that releasing ownership and holding it is a dilemma between needing to take advantage or remaining strong in holding it longer?

[tbct_mt2]

Bitwise published a document highlighting their top predictions for 2024:

The Year Ahead: 10 Crypto Predictions for 2024

A downloadable report link https://s3.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-The-Year-Ahead-10-Crypto-Predictions-for-2024.pdf

The ten prediction are:

Prediction 1 : Bitcoin will trade above $80,000, setting a new all-time high.
Prediction 2 : Spot bitcoin ETFs will be approved, and collectively they will be the most successful ETF launch of all time.

These two predictions are interesting but I believe with this humble prediction 1 for Bitcoin price, $80,000, I believe it can make that new all time high even without Bitcoin Spot ETFs approved.

Prediction 2 is interesting but it is not a mandatory condition for Prediction 1 to become true. From $69,000 (2021 all time high) to $80,000 (a predictive new all time high), it is about 16% increase, not too much with Bitcoin.

[apogio]

Prediction 2 is interesting but it is not a mandatory condition for Prediction 1 to become true. From $69,000 (2021 all time high) to $80,000 (a predictive new all time high), it is about 16% increase, not too much with Bitcoin.

Yes but this obviously means that bitcoin must first reach $69k which is an increase of 64% from the current level.

Don't forget that bitcoin is up 145% since January 1st, so ...

Don't get me wrong I don't care about the price at all because I use bitcoin as bitcoin. Well, now that fees are that high I struggle a bit, but you get the point.

Anyway bitcoin is only going up because it is valuable. We just have to be patient.

[fillippone]

Don't forget that bitcoin is up 145% since January 1st, so ...

Yes, but don’t forget that Bitcoin was trading at 26,800 in June before the ETF saga began unfolding (measured by the Grayscale BTC discount, still at high levels back then).
So I would consider this as the “floor level” to measure any ETF-related excitement against.


Edit: posted while shopping for groceries. Amend previous version.

[apogio]

Yes, but don’t forget that Bitcoin wasxtrading

What does that mean mate? You mean it was trading low? This is true obviously.

[The Cryptovator]

Prediction 1 is related to Prediction 2. So both are interesting to me. If the Bitcoin ETF gets approved, then there is no doubt that Bitcoin will trade above $80K, and it will grow above $100K as well for some time. Its because of ETF hype and also for halving. Bitcoin halving is very near, and it is possible that Bitcoin ETF is near too. If both happen together or near each other, then Bitcoin will skyrocket. We may not see Bitcoin's current price as it is trading now. However, it's my expectation, not predictions. In crypto, anything would happen at any time, and it would break all our expectations.

[Pokapoka124]

The predictions are all positive for crypto. For me, prediction 1 and 2 is the most exciting. Every bitcoin hodler wants to hear bullish news. My portfolio would skyrocket if Bitcoin hits the 80k mark but I would also have mixed feelings because as the price goes up more and more, that makes it more difficult to own a whole Bitcoin. I would have to work thrice as hard to be able to afford 1bitcoin @100k price. 

Prediction 7 is the least exciting, I thought we have seen the end of NFTs but it seems musicians and famous people will continue to create NFTs. 

I believe we will see a bullish next year if there is no pandemic.

[Charles-Tim]

I believe we will see a bullish next year if there is no pandemic.

People that speculated that COVID 19 pandemic was the cause of the bear market during the pandemic time were all wrong. If there will be pandemic next year (but not what we wish), bitcoin price will still increase. All-time-high would begin by next year and likely there would be all-time-high in 2025. Also let us not expect any pandemic to come than to hold some bitcoin.

[electronicash]

The predictions are all positive for crypto. For me, prediction 1 and 2 is the most exciting. Every bitcoin hodler wants to hear bullish news. My portfolio would skyrocket if Bitcoin hits the 80k mark but I would also have mixed feelings because as the price goes up more and more, that makes it more difficult to own a whole Bitcoin. I would have to work thrice as hard to be able to afford 1bitcoin @100k price.  

Prediction 7 is the least exciting, I thought we have seen the end of NFTs but it seems musicians and famous people will continue to create NFTs.  

I believe we will see a bullish next year if there is no pandemic.

Taylor Swift is actually the most exciting. people spend a ton of money just to see her distract the people from what exactly is going on on the global stage.
But OP had already arranged the top predictions, over $80k will be the greatest among the 10, it will be its most volatile by then.

this bitwise ad has been discussed in many channels recently. https://www.youtube.com/shorts/nl3pNXbfDc0
the company is super bullish with BTC that they have this ad. and for a moment i thought it was peter shciff