Bitwise The Year Ahead: 10 Crypto Predictions for 2024

[sokani]

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 1 and 2 are the ones that really excites me and I think they're feasible. From previous records, Bitcoin normally hits ATH a year after halving, but if spot Bitcoin ETF gets approved early next year, Bitcoin might touched ATH sooner than expected.

Prediction 4 : More money will settle using stablecoins than using Visa.

Stablecoins were on close contention with VISA in 2022, as it processed a settlement of 11 trillion dollars against VISA at 11.6 trillion dollars. I'd have predicted an overtaken by stablecoins in 2024 but this may not likely happen because of the continuous regulatory scrutiny by the authorities.

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[Fivestar4everMVP]

All the predictions are nice and interesting, I personally think that predicting the price of bitcoin at $80,000 dollars is way too conservative though, and yeah, I read that right, I know it said "above $80,000", but I think saying "above $120,000" would have been more deserving for bitcoin judging from all that is ahead and coming.

Again, I find all the predictions very interesting, but one that would have been more interesting (but not included unfortunately) is, if they had predicted that I will become a millionaire in dollars by 2024/2025  .

[Zaguru12]

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?

According to news January 10 is the date set aside for its approval, one thing is should it be approved then we might just break the trend and probably hit a new all time high next year and not necessarily the year after it. But if the news goes the other way then we might be face with a market correction as some short time holders would sale, but not much of a sale since the halving period is approaching.

I also get your concern about institutions been at the hallmark of bitcoin. No matter what we tell ourselves, should it be approved, I believe the government would have done it to help in their quest for centralization. With the big institutions into it, the government can easily get the information of those buying a spot just like how centralized exchanges are

[Dickiy]

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

Of the several or many predictions that you have offered to choose, it seems that I am more interested in prediction number one, none other than because that is what I have been waiting for - waiting and maybe including most of the people involved in the bitcoin accumulation market, indirectly this potential can trigger people to be more excited and including me too.

Increasing the amount of budget allocation on bitcoin accumulation early on is one of the things I will do and maybe by most people as we welcome the 2024 halving period, I think it's never too late to start or increase the number of adoptions even though bitcoin has now started to move up and is in one of the highest areas this year. Honestly, one of the things that makes me interesting with prediction number 1 is because I see some certainty from the price histroy that has occurred which of course in the near future it is likely that the price will pass the previous ATH and actually touch the $ 80k mark, I am quite optimistic about the potential of prediction number 1 that you provide.

[letteredhub]

Nothing more  will excite any bitcoiner like the number 1&2 predictions coming to pass and from what am seeing it is the coming to pass of the number 2 prediction that will put that of number 1 beyond the $80k benchmark. 2024 will be a year of many successes for cryptocurrency however not all that has been predicted in that list will come to fruition.

For the bonus prediction: I can only say it's gonna be a more emboldened conviction that the future is cryptocurrency, the quicker individuals, entities)corporations that realizing and turning towing that direction the better for them.

[hatshepsut93]

Prediction 4 : More money will settle using stablecoins than using Visa.

Visa together with Mastercard is the backbone of global payments system, people pay for their coffe, groceries and public transport through one of them. While stablecoins are used by speculators to gamble on the market. If Visa disappears tomorrow it would be a catastrophe, if stablecoins disappear tomorrow no one will notice.

Prediction 8 : AI assistants will start using crypto to pay for things online, affirming crypto as “the native currency of the internet.”

So many things can go wrong with that - a new angle for attack by hackers, assistants screwing up fees, sending coins to wrong addresses, etc.

[Negotiation]

No confused Bitcoin $100k crossed in 2024 it is confirmed, There are a few days left in this year which is a lot different than my previous estimate, I expected to be around $60k by 2023 maybe. But currently there are many reasons why Bitcoin cannot go to $60k by 2023, which is a big disappointment. Finally I can say that in 2024 Bitcoin will have a maximum place.

[Bd officer]

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

The number 1 prediction that excites me, I think will excite everyone who is investing in Bitcoin. Bitcoin predictions are uncertain which may be correct and may not be. I saw on the news a few days ago that a few months ago someone predicted that Bitcoin would hit $1 million in June. But no, his prediction was unreasonable.

I believe this prediction and am excited because bitcoin halving will happen in 2024 so hopefully we will see bitcoin above 80k after the halving. I don't make predictions, I expect to see over 100k in 2025.

[fillippone]

Bitwise was not the only one House exposing their forecasts for 2024: there was a number of other players doing so:

Here you can find a (quasi) complete overview of the 2024 Outlooks already a publicly available
Wall Streets Reports On Bitcoin

[junder]

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

all the predictions you give are interesting, and also here of course everyone has different thoughts so there will be a lot of differences between us, but what is certain is that everyone wants the best whatever it is, I myself am interested in the first prediction and it makes me excited .

because now the halving will occur and this is the moment that many have been waiting for. also with the price set to climb above $80,000 this is a great value. and it is likely that many people will feel uncertain, because they either have to defend it strongly or take advantage.

[Faisal2202]

Most of the predictions they have made are already so obvious that even I can give surety of them (well we surety is a big word but still I can say it will happen) like BTC will touch or cross $80k because even if ETFs got approved or not a halving event of the BTC will make it to touch $80k soon. And second is, ETFs will be getting approved because the environment of the digital world is telling me that.

I came to know about Prediction 10 a few days ago when I was watching a video where the person was talking about 5 best airdrops, in those airdrops, L2 improvements and the projects, like ZKsync, Linea, LayerZero, etc. type projects will decrease the fee on Ethereum lower, by lower I mean way lower. To be honest, if that happens then the next big gem is ETH.

The bonus prediction is something I thought already occurred, because who will call themselves financial advisors if they will not allocate some of your capital in crypto? Besides these predictions, I don't care about other ones.

[kryptqnick]

I'll just address predictions individually, stopping on those I have something to say about.
1: Seems like a safe prediction, I agree with this one.
2: It's considered very likely, according to industry experts, so perhaps we'll see it happen.
4: No, I really don't think stablecoins can beat Visa, and do it within the next year. Although that might depend on the metrics.
8: I don't think we're there yet, and AI assistants don't pay for things because they aren't human (unless the authors meant something different by the term here).
10: That's a very bold claim about Ethereum transaction fees, but Ethereum is doing really well in terms of the fees, even at a current level of around $1.

[348Judah]

Snip

About number 10 on the items listed, I don't think that there's going to be any change now after the several years of dashed expectations to see a reduced rate of transaction fee, now maybe we should also make a compare and contrast scenario of the ethereum network to bitcoin network and see which still possess the highest transaction fee as at today, we can realized that ordinals is still not a challenge over ethereum network gas fee.

[moneystery]

predictions 1 and 10 are the ones that excite me the most.

because i have been waiting for a long time that bitcoin will be able to trade at a higher level. and when this prediction came true i could already imagine how much profit i could make if i sold the assets i held.

and when ethereum launches their upgrade and makes the average transaction fee below $0.01, it will benefit users who want to make transactions faster but with lower fees compared to what bitcoin offers.

[Sebas.tian]

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.

The price of Bitcoin will definitely move to $80,000 before the end of 2024, because we have experienced some positive sign in this month of December that show that there will be massive increase from January that will make investors to believe that $80,000 is possible next year. Not only you that will be excited when the price hit $80,000 soon because many investors target for the next bullish season, is for the price to reach that amount before they will start releasing their coins to the market to make some incomes that will make them so excited. I know many investors will not miss this 2024 prediction, because majority of investors don't want to release their Bitcoin in this current price $43,564.

[bitbollo]

...Which prediction excites you the most?

I agree with @electronicash. "Taylor Swift NFT" is actually the most exciting prediction...
Joke aside, probably to grow user base we need again such "influencers..."
it is true that innovation passes through "these" users...but the next leap will take place thanks to the adoption of the big players (industrial and government)... and this is the prediction that I like most. ---> prediction 5!

Personally, I don't think that these options are mutually exclusive, on the contrary, they are all connected so I would also expect a sort of chain effect... as we have already seen in the past, do you remember the emotion for the first btc-future?

the blockchain is not a simple mechanism for exchanging value (or rather it cannot be used only for that) but it also has other functions ... if this mechanism could overcome the economic value https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html is not a simple "token" 1:1 vs FIAT... it is clear that a new world awaits us...probably Satoshi was just a modern Prometheus!

[Richbased]

Again, I find all the predictions very interesting, but one that would have been more interesting (but not included unfortunately) is, if they had predicted that I will become a millionaire in dollars by 2024/2025  .

It really sounds funny though but predicting to become a millionaire in dollars by 2024/2025 is surely the dream of every bitcoiner that have been buying and hodling for some time now because that's also part of our objectives as Bitcoin investors so definitely, the future of Bitcoin holds a lot and it will really be dream come through if these speculations and predictions comes to reality. Already we are seeing the handwriting on the wall so every Bitcoin investors should be prepared and optimistic about the upcoming halving and the bull run.

[Nrcewker]

Definitely prediction 1 is the most favourite for all the Bitcoin investors. We have been dreaming for Bitcoins to break new ATH price. So yes this time we have high hopes that it will happen. We have previously seen how Bitcoins following an exact 4 year cycle to achieve new ATH price, hence this time we are very confident that this target or prediction will be achieved. Let’s hope for the best and accumulate as many Bitcoins as we can in the mean time.

[Manny@11111]

Predictions are just predictions they either come to pass or not but is good to know and see future of Bitcoin as I believe it will surely come to pass just a matter of time

[yudi09]

Bitwise published a document highlighting their top predictions for 2024:
-snip-
What do you think? Which prediction excites you the most?

Predictions 1 and 2 can increase enthusiasm because if prediction 2 happens in the time period that many have mentioned it will happen, then we will soon see prediction 1 on the market.
ETFs are highly anticipated and this momentum will become a new history that will be celebrated by all groups. Big companies will also do something like what will happen in prediction 5.

Predictions are just predictions they either come to pass or not but is good to know and see future of Bitcoin as I believe it will surely come to pass just a matter of time

Your belief in something that will definitely happen arises from a prediction. Of course, something you believe in is related to the highest price, right?