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Analyst Predicts Skyrocket of Bitcoin (BTC) and Crypto Market in 2024

Ryan Rasmussen shares that Bitcoin (BTC) is going to hit $80k to set a new all-time high (ATH) price and Ethereum’s revenue will be doubled to approximately $5 billion in 2024.

ShahZaib Ahmed

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crypto spike in 2024

Ryan Rasmussen, a senior researcher speculates the crypto market and predicts a dramatic rise in cryptocurrencies in 2023. He is of the view that it is more likely for Bitcoin (BTC) to break its previous all-time high (ATH) of $68,789.63 in 2021 and will set a new ATH price by breaking through $80k in 2024. Moreover, he said that other following altcoins and stablecoins will also skyrocket in the coming year.

Rasmussen Predicts Dramatic Rise in Crypto Particularly Bitcoin (BTC) in 2024

Ryan Rasmussen, a senior financial researcher at Bitwise Invest. has speculated the crypto market in depth and shares his analysis about the crypto rise in the coming year. He shared that Bitcoin (BTC) is going to hit $80k to set a new all-time high (ATH) price and Ethereum’s revenue would be doubled to approximately $5 billion in 2024.

Ryan shared multiple tweets about his analysis in X (formerly Twitter). He also forecasted the Coinbase’s revenue hike due to its newly launched product which would generate revenue for the exchange. In his series of tweets, he addressed Bitcoin’s Bull Run and other crypto-related firms’ growth for 2024. He said that Bitcoin (BTC) might skyrocket because of two big things: the Spot Bitcoin ETF launch and the Bitcoin Halving. He was of the view that the ETF launch could be the most successful than ever.

What about NFTs and Stablecoins?

Ryan also predicts that Taylor Swift, a famous American singer, might start using non-fungible tokens (NFTs) to connect more with her fans. They also suggested that Spotify, the music app, could be where Taylor releases these NFTs.

Also Read: Bitcoin Rises by 6% While AVAX and SOL Witness Double-Digit Rise

Moreover, Ryan Rasmussen thinks 2024 will also be big for stablecoins. It is highly expected that more money will use stablecoins than Visa. In recent years, stablecoins, like crypto’s top apps, went from nothing to a $137 billion market.

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