Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Matrixport Predicts Bitcoin 2024 Surge Regardless of Spot ETF Approval
BITCOIN NEWS

Matrixport Predicts Bitcoin 2024 Surge Regardless of Spot ETF Approval

By Crypto FlexsDecember 15, 20234 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Matrixport Predicts Bitcoin 2024 Surge Regardless of Spot ETF Approval
Share
Facebook Twitter LinkedIn Pinterest Email

As we approach the final month of the year, anticipation is growing surrounding the acceptance of spot Bitcoin. exchange traded fund ETFs announced by the U.S. Securities and Exchange Commission (SEC) have generated considerable interest among analysts and traders.

Although many people are pinning their hopes on these index funds, price surge Matrixport, a digital asset financial services platform, offers a unique perspective on Bitcoin and the broader cryptocurrency market. According to their latest reportMatrixport strongly believes that Bitcoin and cryptocurrency prices are destined to skyrocket in 2024, regardless of the SEC’s decision to approve ETFs.

Is the Fed’s interest rate cut a catalyst?

One of the influential factors identified by Matrixport is the recent declaration of victory by US Chairman Jerome Powell. federal reserve bank (Fed), in the fight against inflation.

Powell mentions possibility interest rate reduction In 2019, the price of Bitcoin surged nearly 300% as the Federal Reserve ended its rate hike cycle and kept interest rates on hold for an extended period of time, drawing the attention of digital asset platforms, which noted in the report.

Matrixport’s current scenario is similar, with the Fed projecting three cuts equivalent to 75 basis points in 2024.

Moreover, Matrixport’s analytics include proprietary inflation model A report released a year ago projected inflation to fall sharply from 8% to 3-4% by the end of 2023. The model instilled great confidence in the platform, suggesting that risk assets, including stocks and cryptocurrencies, will witness a significant rebound in 2023.

A potential decline in CPI strengthens BTC’s role as an inflation hedge.

Matrixport’s proprietary inflation model also represents possibilities for the United States. consumer price index (CPI) will fall below 2% by the end of 2024. This prediction has important implications for the price of Bitcoin and its role as a potential hedge against inflation.

CPI serves as a key measure of inflation, reflecting the change in average prices of a basket of goods and services over time. A drop below 2% signals a slowdown in price growth and a potentially easing inflationary environment.

In such a scenario, investors may pursue: alternative assets Something like BTC that can preserve purchasing power and protect against decline in value due to inflation.

Is the SEC’s Bitcoin ETF decision irrelevant?

Importantly, Matrixport highlights that even if the SEC maintains its disapproval of a Bitcoin spot ETF in January 2024, cryptocurrency prices are still expected to rise throughout the year.

The report also highlights that assets in U.S. money market funds have doubled since the start of the COVID-19 pandemic, reaching $6.1 trillion. This growth would mean $320 billion in additional interest payments per year, generating potential inflows of $370 billion per year, or about $1 billion per day, into risky assets such as stocks and cryptocurrencies.

Matrixport’s optimistic outlook for 2024 also takes into account significant upcoming events. This year it means Bitcoin half life cycleHistorically, this has been associated with significant price increases of 192% on average.

Moreover, 2024 is an election year, and former President Donald Trump’s chances of being re-elected are assessed to be high. Matrixport suggests his policies could potentially strengthen the U.S. economy, boosting stock prices and cryptocurrencies.

The 1-day chart shows the price surge of BTC over the last 24 hours. Source: TradingView.com BTCUSDT

As of this writing, the largest cryptocurrency on the market is currently trading at $42,600, up 1.8% in the last 24 hours.

Featured image from Shutterstock, chart from TradingView.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Bitcoin difficulty set another jump. How high is it this time?

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

NVIDIA NIM improves SQL inferences between text in Vanna for improved analysis.

June 1, 2025

Destino Devconnect-Local subsidy round that brings Argentina Onchain

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Github University 2025 emphasizes AI -based development and community buildings

June 1, 2025

Upgrade to improve the BTFS V4.0 upgrade network and improve the BTTC ecosystem

June 1, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Cronos

June 1, 2025

Elevenlabs integrates Anthropic’s Claude Sonnet 4 for Advanced AI Voice Agent.

June 1, 2025

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

NVIDIA NIM improves SQL inferences between text in Vanna for improved analysis.

June 1, 2025
Most Popular

London Stock Exchange (LSE) loses half of ETF supervisory team

May 27, 2024

HashKey Global Launches Second HashKey Launchpool: Earn ATH Tokens by Locking ATH and USDT

June 8, 2024

As the probability of approval rises, XRP ETF has begun to see more.

May 28, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.