- Ryan Rasmussen predicts the bullish track of Bitcoin in 2024, speculating its new ATH of $80,000.
- Bitwise analyst speculates a rise in the revenue of Coinbase and Ethereum in 2024.
- According to Rasmussen’s analysis, stablecoins will witness massive growth in the next year.
Ryan Rasmussen, a senior researcher at Bitwise Invest, speculated a rise in the revenue of Ethereum, asserting that the revenue would double to $5 billion in 2024. The analyst has also pointed out his anticipations of Coinbase’s revenue hike in light of its newly launched products that have received wide acceptance.
The analyst shared a series of X posts, shedding light on his predictions for 2024. His predictions ranged from Bitcoin’s potential bull run to the major developments in the crypto environment in general.
Sharing insights on his bullish perspectives on Bitcoin, Rasmussen asserted that BTC would witness its new all-time high in 2024, surpassing $80,000. The two crucial catalysts for the possible Bitcoin surge are the much-awaited Spot Bitcoin ETF launch and the Bitcoin Halving. He added that the spot bitcoin ETF launch will be “the most successful ETF launch of all time.”
Rasmussen’s predictions also covered JPMorgan’s initiative to tokenize a fund and launch the tokenized fund on-chain. As per his analysis, “Launching a tokenized fund would allow them to take advantage of the efficiencies on-chain assets can offer while entering a market whose growth is exploding.”
In addition, the analyst has foreseen the popular American singer Taylor Swift launching non-fungible tokens (NFTs) to further mingle with her fans. Rasmussen also indicated the possibility of the music app Spotify as a medium for Taylor’s NFT launch.
The analyst sees 2024 as a significant year for the massive growth of stablecoins, predicting, “More money will settle using stablecoins than using Visa.” Over the past few years, stablecoins, often known as crypto’s “killer apps,” have been showing a notable journey from “effectively zero to a $137 billion market.” This growth further solidifies Rasmussen’s prediction.
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