In 2024, the crypto landscape is poised for an electrifying transformation, reminiscent of Marc Andreessen’s vision of Bitcoin as the world’s reserve currency.

This year stands as a watershed year in financial history, marking the unmistakable arrival of cryptocurrency as a fully-fledged asset class. This year, sophisticated investors will witness a paradigm shift as Crypto ETFs herald a new era of legitimacy and accessibility for digital currencies.

Cathie Wood, the technology and crypto queen known for her bullish pronouncements, has a vision for 2024: Bitcoin, riding a tidal wave of investor frenzy, surges towards a dizzying “$670,000 in five years,” potentially even cresting a million by 2030.

While Wood’s pronouncements haven’t always landed softly, this year, the stars might just align for her audacious Bitcoin prophecy.

The Bitcoin Halving and Crypto ETFs

Imagine the impact of Bitcoin’s production halving – a rarity that traditionally fuels a price surge. As we approach this event, investor interest is peaking, setting the stage for an ETF-led investment frenzy.

ETFs are set to democratize cryptocurrency investments, making them accessible beyond seasoned traders. Major players like BlackRock and Fidelity are lining up to launch their Bitcoin ETFs, which should attract a surge of investments from 401(k)s and IRAs.

Here’s the 2024 ETF launch lineup:

• January 1: Grayscale (final deadline)

• January 10: ARK/21Shares (final deadline)

• January 14: Bitwise (final deadline)

• January 15: BlackRock (iShares), VanEck, WisdomTree, Invesco Galaxy, Fidelity (Wise Origin)

• January 17: Valkyrie (final deadline)

• February 19: Global X (final deadline)

• March 31: Hashdex (final deadline)

• March 31: Franklin Templeton (final deadline)

• Unknown: Pando Asset (pending SEC response)

In 2024, boldness is key. While the metaverse, AI, and sustainable tech grab headlines, the real action this year lies in the digital currency realm. Bitcoin’s halving is expected to create ripples across the crypto world, uplifting Ethereum and other altcoins.

As we embark on this journey, the crypto market is not just about buying and selling; it’s about strategic moves in a dynamic landscape. Options trading within these ETFs introduce new risk management and profit strategies. As Bitcoin, Ethereum, and other cryptocurrencies and coins rocket up and dip down, savvy traders will be picking out options on their respective ETFs to boost their earnings.

DeFi: Redefining Financial Transactions

Decentralized Finance (DeFi) is set to take center stage, offering new ways to borrow, lend, and invest. Its growth will challenge traditional financial institutions, offering investors more control and potentially higher returns. With each innovation that hits the market, specific digital currencies will see big gains, and we will be there to help you understand what actions to take.

Fractional Ownership: Democratizing Investment

2024 will also see the rise of fractional ownership, enabled by blockchain technology. This will allow investment in previously inaccessible assets like art, real estate, and even landmark buildings, revolutionizing the concept of asset ownership.

The Metaverse: A New Investment Realm

The metaverse will continue to be an area of both opportunity and speculation. Its potential as a new platform for real estate, entertainment, and social interaction makes it an intriguing investment frontier.

And as Tom Lee, the Wall Street oracle himself, declared, “Bitcoin to $100,000 by 2025!” Whether it reaches that summit or not, one thing’s sure: 2024 promises to be the year crypto roars to center stage.

Mark your calendars with the dates above, and look out for more from our team about trading cryptos in 2024.

But for now, if you’re one of the many people in the world who still doesn’t own some bitcoin or ether… now’s the time to grab some. After the halving, you’ll thank me…

Leveraging Data for You,

Brad Hoppmann
Analyst, Market Minute