Top 10 Reasons Why Massive Crypto Bull Run is Imminent in 2024

The post Top 10 Reasons Why Massive Crypto Bull Run is Imminent in 2024 appeared first on Coinpedia Fintech News

Crypto Banter, a prominent figure in the crypto community, recently shared a bullish outlook for the year 2024 on the X platform, presenting ten compelling reasons for a more promising year ahead than 2023.

BTC ETF & Halving Hype

In the first quarter of 2024, Crypto Banter predicts the approval of the Bitcoin ETF, featuring major players. This move is anticipated to legitimize Bitcoin even further, potentially injecting up to $2 billion into the market.

Scheduled for Q1/2 2024, the Bitcoin Halving is expected to align with the ETF’s impact on demand, reducing the supply side. Historically, Bitcoin tends to peak about a year after the halving event.

FED Pivot & Global Liquidity Surge

FED Chairman Powell’s recent FOMC shift suggests potential changes in monetary policy. Anticipated rate cuts in mid-2024 could create a more favorable monetary environment, positively impacting liquid asset prices.

With global rates being cut and monetary policies easing, there’s a surge in liquidity, especially from China. This liquidity influx is expected to attract more funds into various markets.

Election Year & FASB rules Change

Historical bullish trends during election years, coupled with the stock market breaking all-time highs, present an intriguing dynamic. A crypto-friendly presidential candidate Donald Trump’s new regime adds further layers to the optimism.

Meanwhile, New FASB rules in 2024 allowing real-time value reflection of Bitcoin on balance sheets are set to catalyze corporate adoption by showcasing its dynamic asset potential

ETH ETF Approval & $SOL Futures ETF

Ethereum’s spot ETF filings echo Bitcoin’s journey, with expectations of approval in Q3/4 2024, positioning ETH as the next crypto star.

Following the trajectory set by Bitcoin and Ethereum, the logical progression leads to SOL or XRP. Crypto Banter leans towards SOL, anticipating a futures ETF to garner attention and diversify investment portfolios.

Alt-coin Frenzies & Stablecoin Mass Adoption

However, growing liquidity is expected to entice investors to explore the crypto risk curve, paving the way for alt-coin frenzies throughout the year.

With BlackRock’s involvement in Circle and Tether’s record market cap, Stablecoin are poised for explosive growth in 2024. Rising concerns about currency debasement in developing countries further fuel this trend.

Crypto Banter’s 2024 projections offer a multifaceted view of the anticipated crypto boom, providing enthusiasts and investors with a nuanced perspective on the potential driving forces shaping the crypto landscape in the coming year.