Bitfinex expects crypto market cap to double in 2024
Bitfinex analysts have published a new answer about the state of the crypto currency market . The Bitfinex Alpha report contains a forecast for 2024. In it, experts remain optimistic about the prospects for Bitcoin (BTC) and other crypto assets in general. They estimate that the market capitalization of the cryptocurrency sector could increase to $3.2 trillion next year. “Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global crypto currency owners could escalate to between 850 and 950 million (from 575 million currently).” Bitfinex Alpha report Regarding the Crypto Fear and Greed Index, experts predict “extreme greed” sentiment in 2024, which will correlate with new BTC highs in the middle of the bull market. Source: Glassnode Additionally, as institutional investors increase their exposure to crypto assets, catalyzed by the long-awaited spot Bitcoin ETF, there could be some capital shift into higher-risk crypto assets next...