Posted 1/2/2024, 4:49:00 PM
Crypto Markets Poised for Growth in 2024 on Back of Bitcoin and Ethereum Rally, Institutional Adoption
- Crypto market maturation towards institutional investors expected in 2024, coinciding with strong bitcoin and ether performance
- Anticipated launch of spot bitcoin ETF in Q1 2024 to provide long-term tailwind for crypto market
- Potential for $1-2.5 trillion of new capital if RIAs allocate 1-2% to crypto via ETFs
- Smart Contract, DeFi, and Computing tokens may outperform if recession occurs and rates are cut
- Portfolio construction and position sizing even more important than market direction calls in 2024