5 Things to Expect from Crypto in 2024

As we prepare for the bull market of 2024/25, the excitement is becoming palpable. It’s reverberating through the crypto space, and it’s impossible to ignore the growing excitement. Investors wait years for the market to be where it is right now, and 2024 is shaping up to be an incredible ‘popcorn’ year for crypto! 

So what can we expect, and what are the factors that make this such an extraordinary time? 

Let’s find out. 

1. The 2024 Bull Market Rally

   The Bull Market is a time when crypto takes the spotlight. It’s on every news headline, the crypto memes are rife and investors are potentially sweeping up profits left, right and centre. We’ve officially entered the pre-bull market phase and, based on past cycles, we can expect the bull market to kick off in the second half of 2024. It could last well into 2025, which means we have an exciting 18 months in front of us.
   
   

2. Wall Street’s Greed.
   
   It’s no secret Wall Street’s greed will power global adoption of crypto, leading to what many are calling the largest institutional-fuelled rally to come. Up until now, the gains in crypto have come predominantly from retail (mum and dad) investors.
   
   But all that’s about to change.
   
   The approval of 11 Bitcoin Spot ETFs in January, as well as the upcoming Ethereum Spot ETF’s, have opened the floodgates of institutional adoption. There is now a clear and easy pathway for trillions of dollars of capital to come flooding into this market. This has been a long-anticipated event for the crypto community and will see crypto become a record-breaking multi-trillion dollar asset class.
   
   
3. The Largest Alt-Coin Boom
   
   Most people have at least heard of Bitcoin, but did you know there are hundreds of other cryptocurrencies out there that are potentially far more lucrative? We call these alt coins (any crypto that isn’t bitcoin), and many are poised to take off this coming bull market. Growth sectors such as AI, Metaverse, DeFi (Decentralised Finance) and new Blockchain technology are my personal picks for sectors with the most growth potential.

4. The Famous Bitcoin Halving Event
   
   Every four years, the newly created Bitcoin entering circulating supply is cut in half, it’s a process called the Bitcoin halving, and it’s happening in April 2024.

   And what is it likely to coincide with? Thats right, demand reaching new all-time highs!

   This year we’ll witness unprecedented buy pressure due to the wave of institutional investors coming through, this will be matched with a supply shock as the Bitcoin halving takes place. Based on the stock-to-flow ratio, which calculates the years to replace the current supply, Bitcoin is set to become the most scarce asset on the planet – above gold.

   Historically, when increased scarcity has been met with surging demand triggered by the halving event, the bull market kicks into full swing.

5. A New Monetary System

   With so much geopolitical uncertainty, bank foreclosures, global censorship and increased government clampdowns, many people are becoming fed up. They’re looking for an exit strategy, and they’re turning to crypto.

   Crypto is slowly replicating the legacy system by providing everything a bank can do, but privately, autonomously and with no corporate interference. From borrowing and lending, to high-interest accounts and cryptographically secure vaults for your money, crypto is fast becoming an alternative to our legacy banking system and we’ll continue to see migration to crypto for these reasons.

So as you can see, the stage is set for a groundbreaking chapter in the world of digital assets. This is not just another year, it’s a defining moment in the history of cryptocurrencies. The potential for growth and financial empowerment is endless with this sector. 

The only question is, will you be part of this major wave?