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 <p class="is-style-lead">VanEck made 15 <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="dofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a>s for 2024, including price forecasts and the timing of the spot Bitcoin ETF launch.</p> 
 <p>The firm estimates Bitcoin (BTC) will reach a new all-time high in late 2024 amid a long-feared US recession and regulatory changes following the next US presidential election. They will take place on Nov. 5, 2024.</p> 
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    <p lang="en" dir="ltr">VanEck 15 Crypto Predictions for 2024<br><br>Prediction #1. The US recession will finally arrive, but so will the first spot #Bitcoin ETFs. Over $2.4B may flow into these ETFs in Q1 2024 to support Bitcoin’s price.</p>— VanEck (@vaneck_us) December 7, 2023
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 <p>Additionally, VanEck expects the first spot Bitcoin ETFs to be approved in the first quarter. However, he also had dire forecasts for the US economy.</p> 
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 <p>The firm also believes Ether (ETH) will unlikely disrupt Bitcoin in 2024 but will outperform the most significant tech stocks.</p> 
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  <p>“Like past cycles, Bitcoin will lead the market to rally, and the value will flow into smaller tokens just after the halving. ETH won’t begin outperforming Bitcoin until post-halving and may outperform for the year, but there will be no flipping.”</p> <cite>VanEck</cite>
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 <p>Despite this, Ether’s market share will compete with other smart contract platforms such as Solana, which has “less uncertainty regarding its scalability roadmap,” the company predicts.</p> 
 <p>VanEck also predicted that Binance would lose its leading position as a centralized exchange in volume as competitors such as Coinbase, OKX, Bybit, and Bitget compete for leadership.</p> 
 <p>Since November, the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market has been experiencing an active rally phase. In particular, from last year’s lows, Bitcoin has already grown by 163%. The first <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency had retreated from its annual high of $44,465 and is now trading at $43,2000.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Why Bitcoin price predictions often miss the mark 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/vaneck-gives-15-crypto-predictions-for-2024-tbt73022.html">https://thebittimes.com/vaneck-gives-15-crypto-predictions-for-2024-tbt73022.html</a></p>

VanEck gives 15 crypto predictions for 2024

TheBitTimes

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