1. Bitcoin will trade over $80,000, setting a new all-time high

This will be driven by two important factors: the launch of a spot Bitcoin ETF expected in early 2024 and the halving of new Bitcoin supply around the end of April.

2. The spot Bitcoin ETF will be approved and will overall become the most successful ETF launch ever

Over the next five years, I estimate that spot Bitcoin ETFs could capture $7.2 billion of the U.S. ETF market, or 1% of the $7.2 trillion market cap.

3. Coinbase’s revenue will double and exceed Wall Street’s expectations by at least 10 times

Coinbase's trading volume has historically surged during bull markets, and I expect this trend to occur again. In addition, they have launched a series of new products that are gaining a good response.

4. More funds will be settled in stablecoins than using Visa

Stablecoins are one of the “killer apps” of cryptocurrency, growing from zero to a $137 billion market in the past four years, and I think 2024 will be another significant growth year.

5. JPMorgan Chase will tokenize funds and put them on the blockchain as Wall Street prepares to tokenize real assets

Launching a tokenized fund will allow them to leverage the efficiencies of on-chain assets and enter a rapidly growing market.

6. Ethereum revenue will more than 2x to $5 billion as users flock to crypto apps

Users paid about $2.3 billion in fees to use Ethereum in 2023. I think this number will at least double in 2024, making Ethereum one of the fastest growing large-scale technology platforms in the world.

7. Taylor Swift will launch non-fungible tokens (NFT) to connect with fans

One possibility is that Swift became the most-streamed artist on Spotify in 2023 with over 26 billion streams, and Spotify is experimenting with token-gated playlists that require listeners to own specific NFTs to listen.

8. AI assistants will start using cryptocurrencies for online payments, confirming that cryptocurrencies are “the native currency of the Internet”

I believe AI assistants will prefer digital native currencies like Bitcoin or stablecoins. We think this will start to happen in 2024.

9. More than $100 million will be pledged in prediction markets, which will become the new “killer app” of cryptocurrency

I think decentralized prediction markets will become the dominant venue for both event-based and more traditional sports-related betting.

10. Ethereum’s major upgrade will reduce average transaction costs to less than $0.01

EIP-4844 could potentially reduce the cost of using Ethereum by more than 90%. We believe this upgrade will pave the way for the first truly mainstream adoption in the cryptocurrency space.

These are my predictions for 2024.