Coin Bureau Recap: How Accurate Were Our 2024 Crypto Predictions?
Published: 2024-12-28
Status:
Available
|
Analyzed
Published: 2024-12-28
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Spot Bitcoin ETFs approved in the United States.
"the approval of the spot Bitcoin ETFs in the United States"
Pending
US spot Bitcoin ETFs attracted over $35 billion in cumulative inflows.
"the US spot Bitcoin ETFs have raked in over $35 billion in cumulative inflows since they were listed"
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US spot Bitcoin ETFs became the fastest growing ETFs in history.
"making them the fastest growing ETFs in history"
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Bitcoin surpassed its previous all-time high of $69,000, reaching approximately $73,000 in March.
"btc's previous high of around $69,000 was smashed back in March setting a new high of around $73,000"
Pending
Bitcoin reached $100,000 for the first time on December 5th.
"on the 5th of December BTC hit the landmark price of $100,000 for the first time ever"
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Bitcoin predicted to reach around $80,000 by the end of 2024.
"we predicted that BTC could hit around $80,000 before the end of 2024"
Pending
Bitcoin predicted to reach its peak towards the end of 2025, one year before the cycle top.
"we also said that BTC would hit a new all-time high one year before the cycle top which would mean that BTC could reach its peak towards the end of 2025"
Pending
The Bitcoin halving event was predicted to have minimal immediate impact on BTC's price.
"the harving event itself would have next to no immediate impact on btc's price"
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Over 87% of Ethereum transactions originated from Layer 2 rollup solutions.
"more than 87% of all ethereum transactions came from rollup Solutions"
Pending
Certain governments, particularly those sanctioned by the US, began using Bitcoin for international trade.
"some governments would start using BTC for international trade especially those sanctioned by the United States"
Pending
Russia legalized the use of cryptocurrency for international trade, with the law taking effect on September 1st.
"Russia legalized crypto to be used for international trade back in July a law that went into effect on the 1st of September"
Pending
BRICS nations (Brazil, India, China, South Africa) advocated for the use of Bitcoin in international trade during their summit.
"other countries in the bricks those being Brazil India China and South Africa have paid close attention to what Russia's been up to that's because they ended up advocating the use of BTC for international trade during this year's bricks Summit"
Pending
An increasing number of publicly traded companies added Bitcoin to their balance sheets.
"more publicly traded companies would hold BTC on their balance sheets"
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Simular Scientific purchased 581 BTC in May to use as its primary treasury reserve.
"simar scientific a biotechnology and Healthcare company that announced its purchase of 581 BTC back in May"
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Japanese investment firm Meta Planet purchased 97 BTC in April, shifting towards Bitcoin.
"meta Planet a Japanese investment firm specializing in real estate and hotel development the company announced in April that it would be shifting towards Bitcoin when it purchased 97 BTC"
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Block (formerly Square) announced a new Dollar-Cost Averaging (DCA) strategy to acquire Bitcoin.
"block a technology company founded by Twitter's former CEO Jack dorsy has announced a new DCA stratey to acquire BTC this year"
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Javier Milei, a pro-Bitcoin advocate, was elected President of Argentina.
"the people of Argentina elected Javier Malay to be their own Pro Bitcoin president"
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Nayib Bukele, El Salvador's pro-Bitcoin president, was re-elected for a second term.
"in El Salvador Pro Bitcoin president njib buelli was voted in for a second term"
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Significant developments occurred in Bitcoin's ecosystem, including synthetic stablecoins, prediction markets, and meme coin launchpads.
"we've also seen huge developments in bitcoin's ecosystem synthetic stable coins prediction markets and memec coin launchpads to name just a few"
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Artificial Intelligence (AI) has emerged as a leading narrative in the crypto market.
"AI has become incredibly popular especially in recent weeks"
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Meme coins became a significant narrative in the crypto market.
"the other narrative that took the spotlight this year was meme coins"
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Coinbase's Base Layer 2 solution saw significant activity, ranking second to Arbitrum in Total Value Locked (TVL).
"the layer two with the most activity was coinbase's base which came second to arbitrum when it came to total value locked or tvl"
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Stablecoins processed $8.5 trillion in transaction volume across 1.1 billion transactions in Q2 2024.
"stable coins facilitated 8.5 trillion in transaction volume across 1.1 billion transactions in Q2 alone of 2024"
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Stablecoin transaction volume in Q2 2024 exceeded Visa's transaction volume by more than double.
"this was more than double Visa transaction volume of $3.9 trillion"
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The stablecoin market capitalization surpassed $200 billion for the first time.
"the stable coin Market just recently surpassed $200 billion do in total market cap for the first time ever"
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FTX was predicted to restart and become a top competitor to other exchanges.
"FTX would be restarted and we even said it could become a top competitor to other exchanges"
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Pro-cryptocurrency politicians were elected globally.
"Pro crypto politicians would be elected around the world"
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Donald Trump's re-election as US President, with a stated pro-Bitcoin stance, is considered a significant development.
"former US president Donald Trump turning pro Bitcoin and then being reelected as president of the United States"
Pending
Donald Trump's re-election is expected to lead to a more favorable regulatory environment for crypto and digital assets in the US.
"Trump's re-election has raised expectations of a much friendlier regulatory backdrop for crypto and digital Assets in the US"
Pending