Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Surpass $80,000, Spot Bitcoin ETFs Could Capture $72 Billion
Crypto asset manager Bitwise has unveiled 10 crypto predictions for 2024 that include bitcoin trading over $80,000, setting a new all-time high. The firm also estimates that spot bitcoin exchange-traded funds (ETFs) could capture $72 billion in assets under management. In addition, the asset manager expects Ethereum revenue to more than double to $5 billion as users flock to crypto applications. Bitwise’s 10 Crypto Predictions Crypto asset manager Bitwise published a report titled “The Year Ahead: 10 Crypto Predictions for 2024” on Tuesday. Bitwise, the creator of crypto index fund BITW, offers a suite of crypto-focused equity and futures exchange-traded funds (ETFs), as well as investment products that span bitcoin, ethereum, decentralized finance (defi), and non-fungible tokens (NFTs). “2023 was a very good year for crypto. But we think 2024 is going to be even better,” Bitwise said. Its first prediction, which concerns the price of bitcoin, states: Bitcoin will trade above $8