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VanEck’s 2024 Crypto Predictions with Matthew Sigel

Dec 12, 2023
01:05:24
Snipd AI
Matthew Sigel, Head of Digital Assets Research at VanEck, discusses VanEck's 15 hottest 2024 crypto predictions. Topics include a possible recession, Bitcoin's all-time high, ETH vs. Solana, DEXs reaching all-time highs, Bitcoin yield opportunities, the Lightning Network, breakthrough blockchain games, and Solana's potential as a top blockchain.
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Podcast summary created with Snipd AI

Quick takeaways

  • The arrival of a US recession in 2024 could increase volatility in the cryptocurrency market.
  • The fourth Bitcoin halving in April 2024 is expected to lead to a significant rally in Bitcoin's price.

Deep dives

US recession and Bitcoin ETF predictions

The podcast episode discusses predictions for 2024, including the arrival of a US recession and the launch of the first spot Bitcoin ETF. The speaker explains that economic indicators are pointing towards a recession, and this vulnerability could lead to increased volatility in the first half of the year. However, the prediction also states that over $2.4 billion may flow into Bitcoin ETFs in Q1 2024, supporting Bitcoin's price. It suggests that the ETF launch could help mitigate the potential impact of the recession on Bitcoin. The speaker also mentions a specific date for Bitcoin's all-time high: November 9th, 2024. They link this prediction to political events and regulatory shifts following the US presidential election. While acknowledging the speculative nature of these predictions, the speaker highlights that they can provide a roadmap for investors to adjust their positioning.

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