The report presented by the cryptocurrency exchange Bitfinex included remarkable predictions for 2024.
In its current report, Bitfinex included its conclusions for 2023 and predictions for 2024. From this year’s total Despite all the difficulties and regulatory pressures, Bitcoin The report stated that they understood that it was very resistant, Also positive for 2024 A table was drawn:
As we move towards 2024, we remain very positive on the outlook for Bitcoin and crypto assets in general. If 2023 has shown us anything, it’s Bitcoin’s extraordinary resilience despite reputational and regulatory challenges.
The report states that the total value of the cryptocurrency market will increase next year. by doubling available From $1.6 trillion to $3.2 trillion It was stated that it could come out. Additionally, the number of people using crypto money is also From 575 million to 850-950 million Stating that it can reach the Bitfinex front, spot Bitcoin exchange-traded fund (ETF) He stated that it will act as an important catalyst for the market.
There may be a shift of capital into higher-risk crypto assets next year as institutional investors increase their interest in crypto assets, of which the long-awaited spot Bitcoin ETF will be the catalyst, but institutional investment will continue to favor predominantly Bitcoin until at least the first half of 2024. We predict that it will continue.