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Breaking: Bitcoin and Stablecoins Will Rise Dramatically in 2024: Analyst

Published 14/12/2023, 08:12
© Reuters.  Breaking: Bitcoin and Stablecoins Will Rise Dramatically in 2024: Analyst
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Coin Edition -

  • Ryan Rasmussen predicts the bullish track of Bitcoin in 2024, speculating its new ATH of $80,000.
  • Bitwise analyst speculates a rise in the revenue of Coinbase (NASDAQ:COIN) and Ethereum in 2024.
  • According to Rasmussen’s analysis, stablecoins will witness massive growth in the next year.

Ryan Rasmussen, a senior researcher at Bitwise Invest, speculated a rise in the revenue of Ethereum, asserting that the revenue would double to $5 billion in 2024. The analyst has also pointed out his anticipations of Coinbase’s revenue hike in light of its newly launched products that have received wide acceptance.

The analyst shared a series of X posts, shedding light on his predictions for 2024. His predictions ranged from Bitcoin’s potential bull run to the major developments in the crypto environment in general.

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