The Crypto Currency Bull Run to 2024

by admin

Despite the significant correction in the crypto currency market, many analysts are still predicting a crypto bull run in 2024. A number of early signals suggest that the crypto market is ripe for the picking.

The research firm Gartner predicts that 20% of large organisations will adopt digital currencies by 2024. This is partially driven by the healthy environment of off-the-shelf solutions, but also by mainstream acceptance of digital currencies.

A number of large banks have already done heavy lifting in the area of digital currency. They have put in place institutional digital asset custodians, wallet providers, and payment platforms. They have also lobbied for new rules for the unregulated industry.

The crypto market is ever-developing. A number of big players are preparing for the new requirements of regulators. They may expand their markets multiple times, making them the crypto-banking industry giants.

The largest market for digital assets is the APAC region, which includes China, Japan, India, and South Korea. This region is expected to grow at a high CAGR during the forecast period.

The crypto industry has been stepping up its lobbying in Washington. Verdict, the parent company of GlobalData, is one company leading the charge. A number of US banks have started implementing blockchain-based systems.

The crypto market is expected to expand at a CAGR of 7.1% during the forecast period. This growth will be driven by a number of factors including the rise of venture capital investments, growth in the broader crypto market, and increasing use of digital currencies in business transactions.

The biggest challenge to the crypto market’s growth is regulatory acceptance. However, this should gradually ease. Several central banks have started exploring the launch of digital currencies. In addition, several financial regulatory bodies are working to find common standards for digital currencies.

As the crypto market grows, more and more businesses will introduce crypto-related products and services. This should contribute to the widespread use of digital currencies by 2024. However, the fight against anonymity will increase with the full implementation of CBDCs. The traceability of CBDCs could raise the risk of governments monitoring users.

The best way to protect your investment in the crypto market is to keep your wallets and wallet-related hardware secure. The crypto market may be volatile during the halving process. Using a hardware wallet can help ensure security.

The crypto-banking industry giants are likely to expand their markets dozens of times. However, their biggest success may come in 2024. The next big crypto bull run is predicted to occur around the halving event of Bitcoin. However, the market will have to overcome regulatory and economic headwinds before it can be considered a success. In the meantime, many early investors are getting a discount on tokens.

In the end, it is up to you to decide whether or not the crypto market is worth your time and money. The crypto market is ever-developing and there are many early signals to guide your investment decisions.

You may also like

Leave a Comment