Prepare For These 5 Major Crypto Events In 2024
If you're holding crypto, there are 5 important events that you’ll need to look out for in 2024.
First up, a Bitcoin spot ETF being approved in the US. The SEC is in talks, and experts predict a 90% chance of approval by early January. This could open the floodgates for institutional investment in Bitcoin.
Next is Ethereum's Dencun upgrade which arrives in early 2024. They're introducing something called proto-danksharding which will make Layer 2 transactions faster and cheaper. People expect Ethereum Layer 2 tokens and Ethereum itself to do really well if it happens.
Next, the end of the US interest rate hike cycle. With falling inflation, the market anticipates a rate cut as early as May. Lower interest rates could make assets like crypto more appealing.
Circle, the issuer of Stablecoin USDC, plans to go public in early 2024. This could boost the use of stablecoins and make Circle the first public company of its kind. It's a big step for crypto becoming mainstream.
Last but not least, Bitcoin halving! This event happens roughly every four years, reducing new Bitcoin supply by 50%. Less new Bitcoin for miners means it becomes more valuable and historically, Bitcoin's price has surged after previous halvings.
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