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.