On The Brink with Castle Island
Weekly Roundup 12/29/23 (2024 predictions, BSA unconstitutional, ETH ETF prospects) (EP.493)
Dec 29, 2023
Barry Silbert, a main character for Bitcoin miners, discusses the good year for Bitcoin miners and the potential approval of an ETH ETF. The hosts also share their 2024 predictions for stablecoins, Bitcoin, Ethereum, DeFi, NFTs, and adoption. They discuss the debate between Solana and Ethereum, the BSA's constitutionality, and the possibility of the 3AC boys being apprehended in 2024.
36:55
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Quick takeaways
- Stablecoin supplies are predicted to reach $200 billion by the end of 2024, accounting for 80% of on-chain transaction value.
- Bitcoin is expected to be net deflationary throughout 2024, with an ETF approval attracting $20 billion in flows in the first year.
Deep dives
Stablecoins
Stablecoin supplies are predicted to reach $200 billion by the end of 2024. Stables are estimated to account for 80% of on-chain transaction value. USDT volume dominates in Europe and Africa, while North America shows a preference for USDC. Additionally, tokenized US treasuries are expected to reach $1.5 billion.
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