{"id":88236,"date":"2023-12-14T10:42:39","date_gmt":"2023-12-14T08:42:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88236"},"modified":"2025-09-13T16:43:48","modified_gmt":"2025-09-13T13:43:48","slug":"bitwise-bitcoin-to-hit-80000-in-2024-after-etf-approval","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitwise-bitcoin-to-hit-80000-in-2024-after-etf-approval\/","title":{"rendered":"Bitwise: Bitcoin to hit $80,000 in 2024 after ETF approval"},"content":{"rendered":"<p>In 2024, Bitcoin will set a new all-time high at $80,000 thanks to the approval of the spot <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on it and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a>. Bitwise issued this forecast.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In 2024\u2026 Bitcoin will set a new all-time high, the spot bitcoin ETF will be the most successful ETF launch of all time, Coinbase\u2019s revenue will double, and more\u2026<\/p>\n<p>Here are 10 Crypto Predictions for 2024 by the team at <a href=\"https:\/\/twitter.com\/BitwiseInvest?ref_src=twsrc%5Etfw\">@BitwiseInvest<\/a><\/p>\n<p>??<\/p>\n<p>\u2014 Ryan Rasmussen (@RasterlyRock) <a href=\"https:\/\/twitter.com\/RasterlyRock\/status\/1734956139580936658?ref_src=twsrc%5Etfw\">December 13, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts outlined ten potential scenarios for the year ahead. In addition to those above, they are as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>Coinbase revenue will double, beating analysts&#8217; expectations by at least tenfold (thanks to custodial services for ETF providers and the expansion of the product lineup);<\/li>\n<li>settlements in <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> will surpass Visa&#8217;s volume;<\/li>\n<li>JPMorgan will tokenize a fund amid growing Wall Street interest in moving <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-rwas-real-world-assets\">RWA<\/a> to the blockchain;<\/li>\n<li>Ethereum revenues will rise from $2.3 billion to $5 billion and above as <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> move into the mainstream;<\/li>\n<li>Taylor Swift will launch an NFT to engage with fans in a new way;<\/li>\n<li>AI-powered semi-autonomous assistants will begin to use cryptocurrency more actively to pay for online purchases;<\/li>\n<li>the volume of prediction markets will exceed $100 million as they establish themselves in the role of <span data-descr=\"killer app\" class=\"old_tooltip\">killer app<\/span>.<\/li>\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/how-the-dencun-hard-fork-will-change-ethereum\">Dencun hard fork<\/a> in the Ethereum network will lower the average transaction cost in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a>-blockchains from $0.14 to $0.01, paving the way for mass crypto adoption.<\/li>\n<\/ul>\n<p>As an additional scenario, analysts predicted that by the end of 2024 one in four financial advisers will include digital assets in clients&#8217; investment portfolios.<\/p>\n<p>According to experts, a spot Bitcoin ETF could capture 1% of a $7.2 trillion market over five years. In this regard, their forecast looks &#8216;mid-range&#8217; for the industry.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-863.webp\" alt=\"1-863\" class=\"wp-image-222100\"\/><figcaption class=\"wp-element-caption\">Source: Bitwise.<\/figcaption><\/figure>\n<p>Earlier, VanEck <a href=\"https:\/\/u1f987.com\/en\/news\/experts-analyse-bitcoin-rally-and-offer-forecast-for-2024\"> presented <\/a> their outlook for the future of the crypto market.<\/p>\n<p>Hashdex <a href=\"https:\/\/u1f987.com\/en\/news\/hashdex-spot-bitcoin-etfs-to-begin-trading-in-q2-2024\"> forecasted <\/a> the start of trading for spot Bitcoin ETFs in the second quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise: Bitcoin to hit a new all-time high at $80,000 in 2024 thanks to the halving and spot ETF approval.<\/p>\n","protected":false},"author":1,"featured_media":88237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,949,569,46,1138,807],"class_list":["post-88236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitwise","tag-etf","tag-ethereum","tag-opinions","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88236"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88236\/revisions"}],"predecessor-version":[{"id":88238,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88236\/revisions\/88238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88237"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}