Get ready for an exciting look into the future of cryptocurrency with “Ryan Rasmussen’s Top 10 Crypto Predictions for 2024”! In this video by Altcoin Daily, Ryan Rasmussen from Bitwise Research shares his expert predictions for the crypto market in 2024. With insights on the price of cryptocurrencies, the success of spot Bitcoin ETF launches, the growth of stablecoins, and even the possibility of Taylor Swift launching her own NFTs, this video covers it all. Plus, Rasmussen emphasizes the importance of accumulating Bitcoin and provides affiliate links to support the channel and even get a $20 coupon. Remember, this information is for educational and entertainment purposes only and should not be considered financial advice.

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Ryan Rasmussen’s Top 10 Crypto Predictions for 2024

Bitcoin Price Prediction

In his list of top crypto predictions for 2024, Ryan Rasmussen predicts that the price of Bitcoin will trade above $80,000, setting a new all-time high. He believes that there are two major catalysts that will contribute to this price surge. First, the anticipated launch of a spot Bitcoin ETF in early 2024. Rasmussen believes that if this ETF is approved, it will have a significant impact on the demand for Bitcoin. Second, the halving of the Bitcoin supply around the end of April 2024. The reduction in supply coupled with the growing demand for Bitcoin is expected to push the price above $80,000. While Rasmussen acknowledges that this prediction is not financial advice, he believes that doubling your money through Bitcoin is a possibility.

Success of Spot Bitcoin ETF Launches

Rasmussen’s second prediction revolves around the success of spot Bitcoin ETF launches. He anticipates that spot Bitcoin ETFs will all get approved and collectively become the most successful ETF launch of all time. The approval of these ETFs is expected to result in a huge demand shock on Bitcoin. Rasmussen further explains that due to the limited supply and open-source nature of Bitcoin, the launch of spot Bitcoin ETFs will have a significant impact on the cryptocurrency market. He believes that within five years, spot Bitcoin ETFs could capture 1% of the $7.2 trillion US ETF market, resulting in $72 billion in assets under management.

Doubling Revenue for Coinbase

Another prediction by Rasmussen is the doubling of revenue for Coinbase in 2024. He bases this prediction on the historical surge in trading volume for Coinbase during bull markets. Additionally, he mentions that Coinbase has launched several new products that are gaining traction. With the leading cryptocurrency exchange having a clear runway in America, Rasmussen believes that Coinbase has the potential to beat Wall Street’s expectations and double its revenue. This growth will not only solidify Coinbase’s position as the leading exchange in the US but also serve as a signal of the growing acceptance and adoption of cryptocurrencies.

Stable Coins Surpassing Visa for Settlements

Rasmussen foresees stable coins surpassing Visa for settlements in 2024. He describes stable coins as one of crypto’s killer apps, having grown from effectively zero to a $137 billion market in just four years. He explains that stable coins offer advantages such as stability, increased efficiency, and reduced transaction costs in the settlement process. Rasmussen believes that the growth in stable coins will continue in 2024, leading to more money settling using stable coins than using Visa. This prediction highlights the potential for cryptocurrencies to disrupt traditional payment systems.

JP Morgan Tokenizing a Fund

Rasmussen predicts that JP Morgan will tokenize a fund and launch it on-chain in 2024. He believes that as Wall Street gears up to tokenize real-world assets, this move by JP Morgan will allow them to take advantage of the efficiencies offered by on-chain assets. Rasmussen sees this as a major trend that will come to fruition in the mainstream financial industry. Despite initial skepticism from JP Morgan’s CEO, Jamie Dimon, about cryptocurrencies, Rasmussen points out that the institution is already involved in the crypto space. This prediction reflects the growing adoption of blockchain technology and the potential for traditional finance to embrace cryptocurrencies.

Increase in Ethereum Revenue

Rasmussen anticipates an increase in revenue for the Ethereum ecosystem in 2024. He attributes this growth to several factors, including the continued development of decentralized applications (dApps) on the Ethereum platform and the increasing demand for smart contracts. Rasmussen highlights the potential of Ethereum to become the backbone of the decentralized internet and the financial infrastructure of the future. With its wide range of use cases and the ongoing upgrades to the Ethereum network, Rasmussen believes that Ethereum’s revenue will experience significant growth.

Taylor Swift Launching Her Own NFTs

In a somewhat unexpected prediction, Rasmussen suggests that Taylor Swift will enter the world of non-fungible tokens (NFTs) by launching her own. NFTs have gained traction in recent years, attracting interest from artists, musicians, and collectors. Rasmussen believes that Taylor Swift’s entry into the NFT market can have a significant impact on the mainstream adoption of NFTs. As a well-known and influential figure, her involvement could bring more attention and legitimacy to the world of NFTs, further driving the growth of this emerging market.

AI Using Crypto for Online Payments

Rasmussen predicts that artificial intelligence (AI) will adopt cryptocurrencies for online payments in 2024. He envisions a future where AI-powered systems seamlessly integrate with cryptocurrencies to facilitate secure and efficient online transactions. Rasmussen acknowledges the benefits of using cryptocurrencies for online payments, such as faster transactions, lower fees, and increased privacy. However, he also acknowledges the challenges associated with AI-powered crypto payments, including ensuring security and building trust in these systems. Nevertheless, Rasmussen believes that the integration of AI and crypto for online payments is an exciting development to watch for in 2024.

Emergence of Decentralized Prediction Markets

Another prediction by Rasmussen is the emergence of decentralized prediction markets in 2024. Decentralized prediction markets allow users to speculate on a wide range of future events, such as sports outcomes, election results, and market trends. Rasmussen believes that the decentralized nature of these markets, powered by blockchain technology, will offer more transparency and fairness compared to traditional prediction markets. He sees the potential for decentralized prediction markets to become a popular form of crowd wisdom, enabling individuals to make more informed decisions based on collective intelligence.

Major Upgrade to Ethereum and Reduced Transaction Costs

Rasmussen predicts a major upgrade to the Ethereum network in 2024, resulting in reduced transaction costs. The Ethereum network has been facing challenges with scalability and high transaction fees, but Rasmussen believes that significant improvements will be made to address these issues. He anticipates that these upgrades will not only enhance the user experience but also make Ethereum more attractive for businesses and developers. Lower transaction costs would enable broader adoption of Ethereum and its underlying technologies, opening up new possibilities for decentralized applications and financial services built on the Ethereum blockchain.

Increased Allocation to Crypto by Financial Advisers

The final prediction by Rasmussen is an increased allocation to cryptocurrencies by financial advisers. As cryptocurrencies gain more mainstream acceptance and institutional adoption grows, Rasmussen believes that financial advisers will recognize the value of including cryptocurrencies in investment portfolios. He sees this as a natural progression of the financial industry, as advisers seek to offer their clients exposure to the potential growth and diversification benefits of cryptocurrencies. Increased allocation to crypto by financial advisers would provide more legitimacy to the asset class and further fuel its adoption.

Conclusion

Ryan Rasmussen’s top 10 crypto predictions for 2024 provide a glimpse into the potential future of the cryptocurrency industry. From Bitcoin reaching new all-time highs to the emergence of decentralized prediction markets, Rasmussen’s predictions cover a wide range of trends and developments. While these predictions are not financial advice, they offer insights into the possibilities and opportunities that lie ahead. As the crypto market continues to evolve, staying informed and conducting thorough research will be essential for individuals and investors looking to navigate this rapidly changing landscape.