Renowned cryptocurrency analyst Lark Davis has once again stoked the fire amid intense speculation of a cryptocurrency price rally in 2024 or soon. Lark Davis, in his latest post on social media platform
Huge bull run in 2024-25
Davis expects the rise in 2024-2025 to be massive, with 4 factors acting as the main catalysts in the process.
Bitcoin halving
Every analyst expects the Bitcoin halving in 2024 to significantly impact prices, with various expert forecasts ranging from $80,000 to $1.5 million. The halving, designed to mitigate inflation, occurs every four years, reducing mining rewards.
Ilan Solot, a popular cryptocurrency analyst, in a recent forecast pointed out the stark correlation between Bitcoin halvings and the S&P 500. While the Bitcoin halving is a fundamental event that impacts supply dynamics, Solot points out that its correlation with the S&P 500 may vary, Which highlights that multiple factors must be taken into consideration for a comprehensive market analysis.
$1 trillion from Trade-Fi is coming
Trade-Fi, the convergence of traditional finance and cryptocurrencies, has many experts predicting trillions of dollars will flow out of traditional finance markets. This significant capital entering the cryptocurrency space through Bitcoin Spot ETFs is poised to act as a pivotal catalyst, fueling a potential upside. The $1 trillion inflow of TradFi (traditional finance) funds into Trade-Fi is expected to be a transformative catalyst for a major crypto rally.
RWAs flow on the chain
The influx of real-world assets (RWAs) on-chain represents a potential game-changer, acting as a powerful catalyst for a bullish cryptocurrency market. As RWAs bridge the gap between traditional and blockchain-based finance, their increasing presence on the blockchain not only enhances security and transparency, but also attracts significant institutional interest.
The incorporation of RWAs into the cryptocurrency space is expected to boost investor confidence, influence widespread adoption, and significantly increase cryptocurrency prices.
Elections in 64 countries
On the contrary, another catalyst for the cryptocurrency bull market arises from the upcoming US election year in 2024. It is expected that after the elections, headline-grabbing activities by US regulatory bodies may subside.
Hence, the cryptocurrency scene may face fewer negative developments that could dampen investor sentiment, which could pave the way for an upcoming uptrend.
In summary, many influencing factors, including post-approval Bitcoin ETF inflow and outflow, institutional adoption, and broader cryptocurrency market dynamics, will all play their part as a catalyst for the cryptocurrency market's massive upward trajectory in 2024-2025.
