Cryptocurrency expert Ryan Rasmussen from Bitwise Asset Management, a leading crypto index fund and advocate for a Bitcoin ETF in the U.S., has shared intriguing forecasts for Bitcoin in the upcoming year.
Read CRYPTONEWSLAND onTo start off, Rasmussen believes that Bitcoin (BTC) will first set a new attl-time high (ATH). In fact, he says this new Bitcoin ATH is expected to surpass $80,000, driven by a spot ETF launch and April halving.
Next he says Bitcoin ETFs will be triumphant. He adds that it will be the most successful ETF launch ever. Following this, the next prediction says Coinbase will soar. That is, Coinbase revenue to double, exceeding Wall Street projections by 10x, buoyed by new product success.
The next prediction talks about stablecoin dominance. Wherein, more transactions to settle using stablecoins than Visa, marking stablecoins as a “killer app.” Moreover, he states JPMorgan’s tokenization. Here, he says JPMorgan will tokenize a fund, venturing into on-chain assets as Wall Street embraces tokenization.
The sixth prediction has to do with an Ethereum surge. Rasmussen says he reckons seeing Ethereum revenue to surpass $5 billion, driven by user influx into crypto applications. The Seventh prediction stars none other than music sensation Taylor Swift herself. Rasmussen says the icon will launch NFTs, exploring connections with fans through Spotify and token-gated playlists.
The last three prediction talks about AI assistants using crypto for online payments, solidifying crypto as the “native currency of the internet”, a market boom over $100 million staked in prediction markets, emerging as a crypto “killer app”, and Ethereum transaction costs dipping below $0.01 with EIP-4844 upgrade, fostering mainstream adoption.
As a final bonus prediction, Rasmussen talks about financial advisors and crypto. He says one in four financial advisors will be expected to allocate to crypto in client accounts by 2024. In conclusion, Rasmussen acknowledges the speculative nature of predictions, emphasizing the complexity of future events, and makes no guarantees.
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