2024

Bitcoin ETF

Bitcoin

A YouTube analyst from the Crypto Capital Venture channel poses several arguments for bullish sentiment in 2024 in a new video.
The analyst opens the video by reflecting on the resilience and growth of the market despite challenges like FTX’s collapse, the bankruptcy of 3AC, and the SEC suing Coinbase and Binance, all of which should’ve led to crypto failing but didn’t.
“Bitcoin has just been putting in higher highs and higher lows on the macro,” said the analyst. “Zoomed out, the cycles are continuing just like clockwork.”
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="2024: The Year CRYPTO EXPLODES! (This Will Change Everything)" width="1020" height="574" src="https://www.youtube.com/embed/jdJeqjUvjPU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </div>
</figure>
You might also like: <a href="https://crypto.news/vaneck-spot-bitcoin-etf-launch-will-not-impact-btc-price/" rel="noopener noreferrer nofollow"> VanEck: spot Bitcoin ETF launch will not impact BTC price </a>
The analyst cites several bullish indicators, including 2024 being the year of the next Bitcoin <a href="https://crypto.news/bitcoin-halving-price-surge-btc-2024/" rel="noopener noreferrer nofollow">halving</a> event and January holding weight due to the <a href="https://crypto.news/sec-may-approve-bitcoin-etf-for-imminent-launch-when/" rel="noopener noreferrer nofollow">spot Bitcoin ETF</a> potentially being days from receiving approval. This development is believed to change the crypto space for good.
The analyst relates that this announcement will open up the door to significant liquidity for Bitcoin and the altcoin market, as suggested by BlackRock’s filing for a <a href="https://crypto.news/sec-postpones-deadline-for-decision-on-invesco-galaxy-spot-ethereum-etf/" rel="noopener noreferrer nofollow">spot Ethereum ETF</a>.
The analyst believes that even without the developments around spot Bitcoin ETFs, the market would look very different from what it currently does.
Alongside these announcements, the analyst highlights that the market is still waiting for a major decision on the <a href="https://crypto.news/sec-denies-coinbases-plea-for-clear-crypto-regulations/" rel="noopener noreferrer nofollow">Coinbase-SEC</a> case, with oral arguments being weeks away. Although speculation, Crypto Capital Venture suggests the judge is likely to be fair with these dealings, while one of the world’s largest crypto exchanges is likely to highlight that Congress is the real authority.
With this backdrop, Crypto Capital Venture shares his excitement for the next year and predicts a $10 trillion market cap for crypto this bull cycle, with $4 trillion attributed to Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>).
Read more: <a href="https://crypto.news/vaneck-files-updated-spot-bitcoin-etf-application/" rel="noopener noreferrer nofollow"> VanEck files updated spot Bitcoin ETF application </a>

Analyst: 2024 is the year crypto explodes

crypto.news

2024년 1월 1일에 게재된 다른 기사

Can Polkadot outshine Solana and Avalanche in 2024?

Bitcoin Blockchain Sets New Record: December 2023 NFT Sales Surpass $881 Million for First Time Ever

Analyst says Ethereum on clear path to $2,700

XRP, XMR dan Pullix Menjadi Penarik Perhatian Whale Terbaru

Tether Withdrew A Large Amount Of Bitcoin From Bitfinex Exchange, What’s Happening?

Cross-chain protocol Orbit Bridge suffers exploit, losses surpass $80m

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!