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VanEck predicts a $2.4B surge in Bitcoin ETFs in 2024

VanEck Predicts $2.4 Billion Surge in Bitcoin ETFs and Major Crypto Market Changes in 2024

VanEck, a leading investment firm, predicted a $2.4 billion inflow into Bitcoin exchange-traded funds (ETFs) in early 2024.

The forecast is based on the release of the first true Bitcoin ETFs, which have the potential to reshape the crypto market.

Because of their resistance to easy government control, investors are increasingly drawn to assets such as Bitcoin.

Bitcoin, which is well-known for its resilience and resistance to traditional market trends, is gaining traction as a solid investment.

Despite its volatility, experts predict that Bitcoin will remain above $30,000 in early 2024. Furthermore, a possible price increase is expected following a smooth Bitcoin “halving” scheduled for April 2024, in which Bitcoin rewards to miners are reduced.

Analysts predict that Bitcoin will reach all-time highs by late 2024, owing to significant global changes and historical Bitcoin highs.

If Bitcoin reaches $100,000, it is possible that its mysterious creator, Satoshi Nakamoto, will be named “Man of the Year” by Time Magazine.

The crypto landscape is expected to see significant changes, with blockchain gaming expected to attract 1 million daily players by 2024, thanks to the emergence of major games from Immutable.

Solana, an altcoin that has gained 13% in the last 24 hours, is expected to rank among the top three blockchains in terms of value.

Uniswap is expected to spearhead a shift toward Know Your Customer (KYC) practices in Decentralized Finance (DeFi).

As DeFi platforms adapt to regulatory requirements, this transition could potentially contribute to an increase in the value of Uniswap’s native token.

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James Wilson is a crypto writer and researcher with over 5 years of experience in the industry. He is a graduate of the University of California, Berkeley, where he studied computer science and economics. After graduating, he worked as a software engineer at a major tech company before transitioning to a career in crypto.