Striking Prediction from Bitwise: Bitcoin Will Rise to 80 Thousand Dollars in 2024

A Bitwise analyst suggests that with the trading volume of stablecoins surpassing Visa, Bitcoin will also reach its all-time high.

Bitwise’s senior research analyst predicts that in 2024, with the rise of stablecoins surpassing Visa, Bitcoin could reach its all-time highest level.

Stablecoins to Surpass Payment Giant Visa

They anticipate that stablecoins, collectively surpassing the payment giant Visa in 2024, will be ready to offer a higher payment volume. According to Bitwise, this situation also defines the dollar and other asset-backed tokens as one of the crypto world’s most “disruptive applications.”

Stablecoin Trading Volume Surpasses $5 Trillion!

Considering that stablecoin trading volume has exceeded $5 trillion in contrast to Visa’s $9 trillion in payments as of the third quarter of 2023, it is notably impressive. This indicates a significant acceleration in the transformation of payment systems.

Finally, asset manager Van Eck predicts that the total market value of stablecoins will reach $200 billion by the end of next year.

Source: Cointelegraph

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