Experts Share Crypto Predictions Ahead of Future of Digital Assets Conference

The crypto market often behaves contrary to nature. As autumn comes and nature falls asleep, crypto generally wakes up.

His fans might rejoice this year as the decision seems positive. Bitcoin (CRYPTO: BTC) surpassed the summer range, climbing more than 30% in a single week.

As the broader market awaits approval of the highly anticipated Bitcoin Spot ETF, we’ve looked at some notable predictions for the next cryptocurrency bull run.

Kevin O’Learykeynote speaker at Fintech Deal Day and Awards from Benzingahas set its sights on a six-figure mark.

“I want to see Bitcoin at a hundred thousand dollars. It will never achieve this if it is never owned by institutions,” O’Leary said, highlighting how the crypto community is too small compared to the global financial system.

Brett Harrisonformer Chairman of FTX US and Founder and CEO of Architect, gave a similar warning a year ago.

“Institutional participation is vital to helping any market. What we notice in crypto markets is that when prices drop, volume completely dries up.”

Nonetheless, Harrison made the right decision, expecting markets as a whole to stabilize, including crypto. He will share his latest insight as a keynote speaker on the topic of “Rebuilding crypto.“

In the meantime, Alex Krugerco-founder of investment research firm Asgard Markets, noted that market reaction to a cash ETF – while widely expected – is not fully priced.

“Those who think that the ETF is already priced are wrong,” Krüger job. “Expect +20% daily travel once approved.”

Read also: Bitcoin Poised to Rise 74% to $59,200 in First Year After ETF Launch, Galaxy Digital Predicts.

Few people are better suited to broach the subject of ETFs than Matt Hougan, CIO of Bitwise Asset Management. Former CEO of ETF.com and Inside ETFs, Hougan marked his career on crypto and decided to join the largest cryptocurrency index fund provider.

He Thinks US-Listed Spot Bitcoin ETFs Will Rally $55 billion in net revenue over the next five years, but he invites investors to moderate their optimism.

“I think if you look at the history of inflows into new ETFs, people will be disappointed initially,” Hougan said. saidnoting that social media predictions that Bitcoin spot ETFs would raise as much as $30 billion would be historically unprecedented.

Hougan will join another ETF veteran, the chief executive of Invesco Anna Pagliain a panel titled “The rise of crypto ETFs and regulatory considerations.“

Although optimistic about the development of spot ETFs, John Gloverformer chief executive of Barclay and CIO of cryptocurrency lender Ledn, prefers to take a broader view.

“We will likely see the U.S. enter a recession in the coming quarters as household balance sheets begin to face higher financing costs,” Glover said. said in September.

“As this evolves, I expect the prices of all risk assets will start to fall,” he concluded, also referring to cryptocurrencies.

Fintech Deal Day and Awards from Benzinga The event will shed light on the highlights of the current digital asset space. Join Benzinga’s Future of Digital Assets in New York on November 14, 2023 to stay informed on trends including AI, regulations, SEC actions, and institutional adoption in the crypto space. Get Discounted Early Bird Tickets Now!

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