With 2023 coming to a close, analysts and actors from across the web3 ecosystem are eagerly publishing predictions for what trends and narratives will dominate the crypto sector in 2024.
Many analysts expect Bitcoin will continue to build dominance over the broader crypto market are abundant, with researchers pointing to historical trends surrounding Bitcoin’s past quadrennial halving events. The fourth halving is expected to take place around April 2024, reducing the rate of new BTC issuance by 50%.
Analysts representing Bitfinex, a centralized crypto exchange, suggested investor sentiment to enter into a phase of “extreme greed” should Bitcoin test its previous all-time highs, tipping that institutional entities may lead the charge and extend BTC’s current market momentum. BTC is already up 160% in the past year, outperforming many leading digital assets.
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