Investment firm Galaxy Digital shared its views on the trends expected to be seen in the cryptocurrency industry throughout this year.
In the research report by Galaxy Digital, “There will be significant inflows into Bitcoin ETFs, but they will also change how Bitcoin markets operate in the US.” It was said.
However, it is thought that Bitcoin may face some difficulties in the short term. From Grayscale, which operates the costliest fund among existing spot ETFs at 150 basis points billions of dollars outflow that it could happen and that it is above Bitcoin. “selling pressure for weeks or months” It was emphasized that it could create
Evaluating the halving, which is expected to occur in April 2024, researchers found that it may lead to consolidation But central banks monetary expansion He stated that his policies will be in favor of Bitcoin.
Ethereum, the largest altcoin, with this year’s updates Layer 2 platforms It is expected to support further. However, throughout the year Ethereum “It will see unique competition from alternative Layer 1 blockchains like Solana.” It is estimated.