2024 In Crypto: 950M Users And $3.2 Trillion Market? New Report Predicts 4.4% Monthly Owner Growth
Portfolio Pulse from Khyathi Dalal
Bitfinex Alpha's report predicts a positive outlook for Bitcoin and the crypto market in 2024, with an expected increase in global crypto owners to 850-950 million and a market capitalization of $3.2 trillion. The report cites a current growth rate of 2.8% per month, which may rise to 3.8%-4.4%, and notes significant trading volume increases and a surge in new Bitcoin addresses following G20 crypto regulation standardization.
December 25, 2023 | 5:00 pm
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The report from Bitfinex Alpha suggests a strong growth trajectory for Bitcoin with an increase in adoption and market capitalization, potentially leading to a positive impact on its price in the short term.
The report's prediction of a significant increase in the number of cryptocurrency owners and a doubling of the market cap directly relates to Bitcoin's potential market performance. The historical data and current trends used in the report give a reasonable basis for expecting a positive impact on Bitcoin's price, although market predictions are inherently uncertain.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100