Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish.
The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply available for miners to sell will effectively decrease by 50%. If the demand for it remains the same or it increases, the price will go up – that’s how markets work.
On the demand side, however, there’s also been a massive development in January of this year. The United States Securities and Exchange Commission (SEC) finally approved a spot Bitcoin exchange-traded fund (ETF). This means that US institutions (and regular folk) have access to BTC through a regulated and well-know traditional investment instrument. Many believe that this will increase the demand for BTC in the longer term.
Coupled, these two factors make for the perfect storm, according to a number of an
We współpracy z: https://cryptopotato.com/top-5-altcoins-to-watch-in-2024-which-cryptocurrency-will-perform-best-in-the-next-bull-run/
