Could Bitcoin Reach $80,000 in 2024? đą
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
