Will a Bitcoin spot ETF finally be born in the US this year? Summary of 2024 virtual currency market predictions

Virtual currency market prediction

Due to the 2022 Terra Incident and the bankruptcy of FTX, it is said that crypto assets (virtual currencies) have entered a winter era.

Meanwhile, starting in 2023, asset management giant BlackRock and others have successively applied for Bitcoin (BTC) spot ETFs (exchange traded funds) in the United States, and the U.S. Federal Reserve has halted interest rate hikes. There are also some positive signs, such as the introduction of legal reforms for stable coins in Japan.

Many believe that Bitcoin spot ETFs will be approved in the United States in January 2024, but what kind of year will this year bring? Below is a list of articles published by each company regarding their predictions for 2024, sorted by publication date.

2024 Forecast Summary

Will the virtual currency Bitcoin price accelerate its rise in 2024? = Grayscale Market Report (12/2)

Virtual currency management company Grayscale released its November 2023 market report on December 1st. He pointed out that the price of Bitcoin continued to rise in November, and the impact spread widely to the virtual currency market, and that the confluence of multiple conditions could put upward pressure on the price of Bitcoin in 2024. It shows the opinion of (the article ishere)

Prediction of Bitcoin reaching $125,000 in 2024, Matrixport analysis based on halving (12/2)

Matrixport expects Bitcoin to approach its current high of $63,140 by April 2024 and reach $125,000 by the end of the year. This analysis is based on historical Bitcoin price data as well as geopolitical and macroeconomic factors. (the article ishere)

Major US venture capital a16z announces “9 virtual currency trends to expect in 2024” (12/8)

On the 6th, major US VC firm Andreessen Horowitz (a16z) announced a list of trends it expects to see next year in the virtual currency area. Nine items were mentioned, including decentralization, artificial intelligence (AI), and improving customer experience. (the article ishere)

2024 virtual currency market forecast, shift to altcoins and increase in corporate token holdings = VanEck (12/9)

On the 7th, VanEck, a major US asset management company, released a forecast report for the virtual currency market in 2024. He lists 15 predictions for 2024, including the launch of a Bitcoin spot ETF. (the article ishere)

Bitcoin is expected to reach its all-time high by November next year, with halving and US presidential election likely to be factors in the rise | VanEck Report (12/8)

On the 7th, VanEck released a 2024 forecast report for the virtual currency market. He expressed the view that Bitcoin is likely to undergo significant fluctuations and rise to a record high (1 BTC = $69,000) by the second half of 2024. (the article ishere)

Binance Research lists “10 scenarios” to follow in the virtual currency industry (12/11)

On the 7th, Binance’s research department released a report titled “Are we entering a bull market? 10 scenarios to follow.” We explained the scenarios and indicators to keep an eye on as we look ahead to the coming months. (the article ishere)

“Ethereum is expected to outperform Bitcoin’s growth rate” JP Morgan’s next year forecast (12/14)

Analysts at US financial giant JP Morgan have expressed the view that Ethereum (ETH) is likely to outperform Bitcoin and other major cryptocurrencies in 2024. Explains the basis for the prediction. (the article ishere)

“Bitcoin will reach $80,000 in 2024” Bitwise bullishly predicts the virtual currency market (12/15)

Cryptocurrency investment company Bitwise releases predictions for the market in 2024. We expect Bitcoin to trade above a new high of $80,000, but this is predicated on the launch of a Bitcoin spot ETF. (the article ishere)

“Virtual currency will rise in 2024” even if Bitcoin spot ETF is not approved = Matrixport report (12/15)

In its weekly market report on the 14th, Matrixport explained the favorable macroeconomic environment and liquidity for the virtual currency market as an outlook for 2024. “Even if the U.S. Securities and Exchange Commission (SEC) does not approve a Bitcoin spot ETF in January 2024, it is likely that the price of cryptocurrencies will rise in 2024.” (the article ishere)

“Predicting Bitcoin ETF approval in January 2024” What is the basis for Bloomberg analyst’s opinion? (12/17)

Bloomberg ETF analyst James Seifert said on The Scoop podcast that the SEC could approve multiple ETFs at the same time, and how Grayscale’s victory could affect the approval process. Explain in detail. He is known for his analysis of Bitcoin ETF trends and has gained a certain level of trust on social media in 2023. (the article ishere)

US Coinbase digs into the outlook for next year’s virtual currency market (12/19)

On the 14th, the institutional research department of U.S. cryptocurrency exchange Coinbase released a report titled “Virtual Currency Market Outlook in 2024.” The 82-page report delves into the most important market trends for 2024, from L2, gaming, decentralized physical infrastructure evolution, de-dollarization, regulation, and tokenization. (the article ishere)

“Bitcoin is the Godzilla of the financial world”, the revival of Solana and the spread of DePIN/AI = Messari’s 2024 report (12/21)

Cryptocurrency analysis company Messari announced on the 19th the release of founder and CEO Ryan Serkis’ annual report, “The Messari Claim.” The 192-page report is divided into 11 sections detailing the top 10 investment and policy trends, people, products, and cryptocurrencies to watch in 2024. (the article ishere)

“Bitcoin will exceed $50,000 by the end of January 2024” Matrixport predicts against the backdrop of the year-end sales season and the rise in virtual currency-related stocks (12/22)

Matrixport predicts that Bitcoin will exceed $50,000 by the end of January 2024. The first reason for this is that there is an increasing possibility that the US SEC will approve the listing of a Bitcoin spot ETF in January of the same year. (the article ishere)

Bitcoin market prediction, possibility of range market towards 2024 – Bitfinex analysis (12/24)

According to the Bitfinex Alpha report released on December 22nd, there is a view that the Bitcoin market will transition to a “range market” in which the price moves up and down within a certain box range towards 2024. It cites on-chain metrics, historical trends in market cycles and investor sentiment, and miner trends as evidence. (the article ishere)

High expectations for the Web3 game industry in 2024 = Delphi Digital report (12/27)

Research firm Delphi Digital releases a 2024 forecast report for the Web3 gaming industry. He expressed the view that it is likely to be a year full of great expectations for the game industry, given the growing interest in the Web3 market by major game players and the active development of infrastructure. (the article ishere)

Is it the beginning of the airdrop season in 2024? Signs of token issuance rush shown by VC investment trends (12/29)

As we head towards 2024, expectations are rising in the virtual currency world for “airdrop season.” In 2023, projects such as Arbitrum, Celestia, Pyth Network, and Jito gained attention and distributed token rewards to early users. (the article ishere)

Click here to learn how to start investing in Bitcoin

If you want to purchase various virtual currencies,Check the stocks handled by each exchangeplease try.

We have introduced the “Heat Map” function to the CoinPost app for investors!
In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

■Click here to download the iOS and Android versions
https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

The post Will a Bitcoin spot ETF finally be born in the US this year? Summary of 2024 virtual currency market predictions appeared first on Our Bitcoin News.