Vaneck Unveils 15 Crypto Predictions: Spot Bitcoin ETF Approvals, US Recession, BTC’s Historic Rally
Asset management firm Vaneck has unveiled its 15 crypto predictions for 2024. They include the U.S. recession’s arrival, the approvals of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and bitcoin’s historic rally, “potentially spurred by political events and regulatory shifts following a U.S. presidential election.” 15 Crypto Predictions for 2024 Asset management firm Vaneck published its 15 crypto predictions for 2024 on Thursday. The first prediction concerns the U.S. economy slipping into a recession and the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs). Vaneck wrote on social media platform X: The U.S. recession will finally arrive, but so will the first spot bitcoin ETFs. Over $2.4 billion may flow into these ETFs in Q1 2024 to support bitcoin’s price. Vaneck is among the companies that have filed an application to launch a spot bitcoin ETF with the SEC. Other applicants includ