Estimates predict that the cryptocurrency market will witness significant growth in 2024. Market forecasts indicate that the volume of investments in cryptocurrencies could reach approximately $51.5 billion, with the potential to reach $71.7 billion by 2028, at a compound annual growth rate of approximately 8.62%
One of the major trends expected for 2024 is the continued widespread adoption of cryptocurrencies across various industries, including finance, healthcare, and media. Bitcoin is also expected to rise further, supported by the development of new protocols and the approval of Bitcoin ETFs in the United States.
On the other hand, investments are increasingly focused on digital assets such as US Treasury bonds tokenized on the blockchain, and this phenomenon is expected to expand to include other market instruments such as stocks, private market funds, insurance and carbon credits.
Overall, these forecasts indicate significant growth in the digital currency space, with an increase in institutional adoption and expansion of the use of blockchain technologies in various sectors.
