Five of our favourite predictions so far on crypto in 2024

We know, we know... there’s an SEC approval of some Bitcoin ETFs likely coming, and it’s going to be big. But that’s just January (probably). So, what else is coming for cryptocurrencies in 2024?

We scoured the web and social media to find five of the most creative, thought-provoking predictions on cryptos to see you through 2024. Here they are:

1. More crypto consolidation after the Bitcoin halving

The next major event for Bitcoin that will happen in 2024 is its halving, which occurs once every four years. While this alone will be significant for the BTC price, U.S. Global Investors put forward another interesting prediction:

2. The meteoric rise of stablecoins

Earlier this month, Ripple CTO Joel Katz put out his own five predictions on X (formerly Twitter). He had this to say as his final forecasting for #2024Predictions:

3. A Spot BTC ETF consequence you may not have thought of

Unless you’ve lived under a rock, you are of course aware that the SEC is sitting on a pile of Bitcoin spot price ETFs to either approve or decline… but almost certainly the former. But while almost everyone is watching January with baited breath for the SEC’s decision, we’re interested in the more longer-term ramifications.

Take for instance Frank Holmes of U.S. Global Investors, who talked in his ‘5 Bitcoin predictions for 2024’ of a spot Bitcoin ETF would cause a longer-term price revaluation similar to the 2004 launch of the first American gold-based spot ETFs:

This looks at the practicalities of a spot price-based ETF, but also hints at another intangible in the equation: the sense of legitimacy that an ETF offered by an industry titan (like, say, BlackRock) can confer.

This is something Holmes also thinks will spill over into Ethereum, as we see in our next prediction...

4. Don't forget about Ethereum - which will have its moment too in 2024

Holmes continues in the same predictions report that:

And, according to a report by Bitget Research Chief Analyst Ryan Lee:

5. Stars and AI alike to get on the NFT bandwagon

Finally, one of the more out-there predictions came from Ryan Rasmussen, a senior crypto research analyst at Bitwise Asset Management. He said in his ‘10 crypto predictions from Bitwise’ piece that: “Taylor Swift will launch NFTs to connect with fans” and “AI assistants will start using crypto to pay for things online, affirming crypto as ‘the native currency of the internet’, like bitcoin or stablecoins. And we think that starts happening in 2024.”

What are your favourite theories about where crypto will go in the coming year? Let us know!