2024: Ready For A Crypto Craze? Bitwise's Predictions For Bitcoin, Taylor Swift And More
Portfolio Pulse from Murtuza Merchant
Bitwise predicts significant milestones for the cryptocurrency industry in 2024, including Bitcoin reaching new highs, the launch of a spot Bitcoin ETF, and the halving of Bitcoin supply. Stablecoins may overtake Visa in transaction volume, Coinbase's revenue is expected to double, and JPMorgan may launch a tokenized fund. Ethereum's revenue could triple, and AI assistants might start using crypto for payments. Decentralized prediction markets and Ethereum's network upgrade could drive further growth. Taylor Swift may enter the NFT space, and more financial advisors could allocate crypto in client accounts.
December 13, 2023 | 8:30 pm
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POSITIVE IMPACT
Coinbase Inc. is expected to see its revenue double in 2024, exceeding Wall Street expectations by at least 10x, driven by increased trading volumes and new product launches.
The prediction of Coinbase's revenue doubling is a strong positive signal for investors, indicating potential growth in the company's market share and financial performance. The expected outperformance of Wall Street expectations could lead to increased investor confidence and a rise in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JPMorgan is expected to launch a tokenized fund on-chain, leveraging blockchain efficiency and tapping into the tokenization market.
JPMorgan's move to launch a tokenized fund could position the company as an innovator in the financial industry, potentially attracting new clients interested in blockchain technology. This strategic move could positively impact the company's stock as it diversifies into new financial products.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70