Crypto in 2024 & BTC Price Predictions: Tim Draper & Raoul Pal!!
Published: 2023-12-19
Status:
Available
|
Analyzed
Published: 2023-12-19
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Expect 1 billion cryptocurrency wallets during the upcoming Bitcoin boom cycle.
"we are about to go through the Bitcoin boom cycle expect 1 billion cryptocurrency wallets"
Pending
Stacks is highlighted as a project of significant excitement.
"well I'm I'm really pretty excited about Stacks"
Pending
Bitcoin is increasingly being viewed and utilized as a platform for various applications.
"I'm seeing sort of the same thing happen with Bitcoin as a p as a platform"
Pending
Significant applications like NFTs (Ordinals), DeFi, and smart contracts are migrating to the Bitcoin platform.
"now people are going hm okay so nfts are a big deal so we're going to create ordinal on on bitcoin oh okay so defi is a big deal okay well we're going to have defi on bitcoin okay smart contracts are a big deal we're g to move smart contracts to bitcoin"
Pending
There is a developing trend of consolidation around Bitcoin as a platform.
"I think that there is a little bit it's starting to happen a consolidation around Bitcoin because as a platform"
Pending
Bitcoin has shown relative strength compared to Ethereum, with its price remaining stable while Ethereum's has decreased over time.
"when Bitcoin was at 40,000 the last time ethereum was at 3,000 and now bitcoin's at $40,000 and ethereum's at 2,000"
Pending
Developments like the Lightning Network and Stacks are addressing concerns about Bitcoin's energy consumption and transaction speed.
"there's the lightning Network um there's Stacks there's there are lots of things that are making it so that it is not an energy hog and it is not slow"
Pending
Transactions on the Bitcoin network, potentially via open nodes, could become faster than Visa's network.
"with an open node um I believe they can make transactions as faster than the Visa Network"
Pending
Solana is a primary focus for the current investment cycle.
"my big Focus for this cycle is salana"
Pending
Bitcoin is predicted to trade significantly higher, reaching new all-time highs.
"I will just say Bitcoin will trade a lot higher at new alltime highs"
Pending
A prediction of $250,000 for Bitcoin within four years was made when it was trading at $4,000.
"when it was at 4,000 I said okay 250,000 in four years"
Pending
The prediction of $250,000 for Bitcoin is reiterated and expected to be reached relatively soon.
"my number of 250,000 will probably come pretty soon so I'll stick with 250,000"
Pending
There is a strong belief that Bitcoin will reach $250,000 in 2024.
"I'll say 250,000 I'll say it hits 250,000 let's see 2024 yeah I think it'll hit 250,000"
Pending
If Bitcoin reaches $250,000, it is expected to surpass that level significantly.
"I actually think that if it hits 250,000 that it'll go way past it"
Pending
There's a possibility of Bitcoin reaching $250,000 within the current year.
"I think this year I think this year we might see 250,000"
Pending
2024 is predicted to be a major adoption market cycle for crypto.
"this sounds like the the perfect accelerator storm for for 2024 to be the next big adoption Market cycle"
Pending
The current economy is bottoming, with forward-looking indicators having already bottomed.
"my macro work was that the E the present State economy is bottoming right now um all the future forward looking indicators all bottomed"
Pending
Global liquidity and financial conditions bottomed in the previous year.
"Global liquidity um Global Financial conditions they all bottomed last year"
Pending
Inflation is expected to fall throughout the year due to structural economic issues, potentially surprising to the downside.
"I think inflation will continue to fall all year um because I think structural issues within the economy from aging populations to AI will actually surprise people to the downside with inflation"
Pending
Stimulus is highly probable in an election year as governments aim to gain votes.
"in a election year the government's job is to give out as much candy as possible to voters that all they want to do is buy votes you will always get stimulus"
Pending
2024 and 2025 are predicted to be periods of increased economic stimulus.
"it's the most observable economic environment of my 30 oddy year career and it's so obvious what 2024 and 2025 are and that's more stimulus"
Pending
Expect interest rate cuts in the upcoming period.
"they're going to be cutting rates"
Pending
Yield curve control may be employed to maintain interest rates if inflation rises, involving money printing.
"if they screw it up and inflation does go up they will use yield curve control which is printing of money to maintain interest rates"
Pending
Crypto is expected to be the highest multiplier asset, outperforming all others, especially during periods of stimulus.
"the multiplier on all of this is crypto it it always outperforms all other assets particularly in these moments"
Pending
There will be a three-year period where crypto is the best-performing asset globally.
"it's a gift for us because you get three years where it's the best performing asset on Earth"
Pending
The crypto market is on an exponential logarithmic trend with higher lows due to increasing adoption.
"the lows are higher it's just an exponential you know logarithmic Trend that keeps going because of adoption"
Pending
The recent ETF development is viewed as a trade agreement between the crypto and traditional finance worlds.
"we've now built the ETF which I think of as a trade deal between crypto land and fat world"
Pending
Significant foreign direct investment and tourism income are expected to flow into the crypto space, driven by stimulus and crypto's status as the best-performing asset.
"we're going to bring a lot of FDI foreign direct investment and tourism income into cryptand huge amounts of it because of because of the stimulus and the fact that it's the best returning asset price on Earth"
Pending
Significant investment in 2020-2021 has led to the development of numerous applications, layers, and infrastructure, much of which is expected to be released to the market.
"67 billion went in that money has been building applications layers infrastructure layers all sorts of stuff right a lot of this will come to Market"
Pending
The number of cryptocurrency wallets is projected to grow from 516 million to over 1 billion in the current cycle.
"this cycle as we go from 516 million wallets to I think a billion and Beyond in this cycle alone"
Pending
Major banks and asset management firms are actively investing in and building on blockchain technology.
"the banks all the asset management firms are both investors but also building on blockchain Rails all of them"
Pending
JP Morgan and Goldman Sachs are building on blockchain rails.
"JP Morgan Goldman everybody are building on these rails"
Pending
Major brands, including those in sports, automotive, and luxury sectors, are increasingly building on Web3 infrastructure.
"the big brands are building on the whale rails for web 3 we're seeing a lot of that already in sports teams car companies luxury brands"
Pending
Solana's compressed NFTs, enabling low-cost minting, will facilitate new use cases like ticketing.
"the breakthrough of um salana compressed nfts allowing for a million nfts to be printed for minted for 100 bucks means that's allows ticketing and other breakthroughs of what we can use nfts for"
Pending
Stablecoins are creating a tokenized euro dollar market, providing access to dollars for individuals in regions with capital restrictions.
"the ongoing rise of stable coins that's basically a tokenized euro dollar market that allows somebody working in the rice fields in the Philippines to own dollars which is impossible for them"
Pending
The future economy is expected to experience significantly reduced friction.
"this new economy will be will have far less friction"
Pending
One investor has maintained a 100% crypto portfolio for an extended period.
"I'm pretty much 100% crypto and I have been for a long time now"
Pending
Venture capital firms' massive investments in the past are seen as having negatively impacted companies.
"the Venture Community got they they were investing such huge amounts of money um that they were kind of ruining our companies"
Pending
It can take 4 years to reach a $100M valuation, 7 years for $1B, and 15 years for $10B from seed investments.
"a hundred million might take them four years a billion dollar valuation might take him seven years and a 10 billion dollar valuation might take them 15 years"
Pending
Ledger is identified as a potential candidate for a future IPO.
"Ledger would have that so that could possibly be a future IPO"
Pending
Circle and potentially Gemini are considered as future IPO candidates.
"Circle I guess Gemini Gemini twins they might um have something to um to go public at some point"
Pending
Companies like Ripio and CoinHako have become significant and may pursue an IPO.
"ripio or the the one in Southeast Asia um in Singapore uh coin hako that have gotten really big and there is some question as to whether they um go public or whatever"
Pending
Despite preferences, the US dollar remains the most significant global monetary asset, used by 87% of world traders.
"87% of all World traders in US Dollars whether anybody likes it or not the US dollar is the single most important monetary thing"
Pending
The speaker's initial view of stablecoins as merely on/off ramps for crypto was challenged by their broader utility.
"the rise of stable coins it really shocked me because at first I just thought it was a a liquid onramp and off-ramp into crypto"
Pending
A significant portion of stablecoin business originates from corporate entities.
"most of the business we see in stable coins is from corporates"
Pending
Indonesian and Chinese corporations are using stablecoins for cross-border trading to bypass settlement costs and capital restrictions.
"Indonesian corporates trading with Chinese corporates because they don't have the settlement costs they've both got Capital restrictions it takes a while to put the applications through they just use this"
Pending
Filipinos are utilizing stablecoins for remittances to send money to their families.
"we use stable coins because we have remittances and we send money home to our parents so we we use stable coins"
Pending
The tokenized euro dollar market, represented by stablecoins, is expected to continue its growth.
"this tokenized euro dollar market which is offshore Euro dollars offshore dollar market which is stable coins will keep growing"
Pending
Circle is predicted to be a company that will likely secure an IPO window.
"Tim one of the com companies I think will likely be able to get an IPO window is circle for that reason"
Pending
Stablecoins are anticipated to serve as a bridge to Bitcoin.
"the role of stable coins I think will be a bridge to bitcoin"
Pending
Stablecoins' viability is linked to the US dollar's strength, with a potential shift to Bitcoin during dollar runs.
"the way stable coins will operate they will be viable as long as the dollar is viable and then when there's a run on the dollar people will move to bitcoin"
Pending
The upcoming year is expected to be favorable for stablecoins.
"I think it'll be a good year for stable coins"
Pending
Bitcoin is expected to become a significant platform for applications, similar to how Microsoft's platform enabled software development.
"I'm seeing sort of the same thing happen with Bitcoin as a platform."
Pending
There is a consolidation trend where important applications are moving to the Bitcoin platform, evidenced by Bitcoin's relative strength against Ethereum.
"I think that that's happening and I think there is a little bit it's starting to happen a consolidation around Bitcoin because as a platform because um I don't know if you noticed but it when Bitcoin was at 40,000 the last time ethereum was at 3,000 and now bitcoin's at $40,000 and ethereum's at 2,000"
Pending
Arguments against Bitcoin's speed and scalability are becoming obsolete, with potential for transactions to be faster than Visa, leading to standardization on Bitcoin.
"I believe they can make transactions as faster than the Visa Network so I I I think that most of those old arguments are moving out on the new arguments of like hey let's standardize on bitcoin"
Pending
Crypto is expected to be the asset class that generates the biggest opportunities and outperforms all other assets, especially during periods of stimulus.
"I think the biggest opportunity set the multiplier on all of this is crypto it it always outperforms all other assets particularly in these moments"
Pending
Inflation is predicted to fall throughout 2024 due to structural economic issues like aging populations and AI, contrary to expectations of sticky inflation.
"so we're going into 2024 we've got sluggish economic growth I think inflation will continue to fall all year um because I think structural issues within the economy from aging populations to AI will actually surprise people to the downside with inflation"
Pending
The speaker maintains a concentrated portfolio, being nearly 100% in crypto, and prefers to avoid diversified token holdings that they don't actively care about.
"I'm pretty much 100% crypto and I have been for a long time now and I make asset allocations um about weightings I don't really do and I've tried it in the past to try and own a broader base of Diversified base of tokens I just end up with shrapnel in my wallet that I don't care about"
Pending
Solana is the primary focus for the speaker's investments in the current cycle, and has been for the past year.
"so my big Focus for this cycle is salana and I've been that's been for the last year"
Pending
The speaker envisions a future where all financial transactions, from raising capital to paying employees and taxes, can be conducted entirely in Bitcoin, eliminating the need for intermediaries.
"so I'm I'm a big fan of smart contracts I can't wait for the moment where I can raise all my investor money in Bitcoin invest it all in Bitcoin have them all pay their employees and suppliers in Bitcoin and their taxes and everything else and have it all completely um accounted for audited whatever without an accountant an auditor a bookkeeper a transfer agent or tax lawyer or whatever"
Pending
The four-year economic cycle aligns with the Bitcoin halving cycle and the presidential election cycle, all driven by stimulus.
"that four-year cycle is exactly the same as the Bitcoin Haring cycle why because Bitcoin came in 2008 it's also the same as the presidential election cycle why stimulus right they're all the same thing"
Pending
Asking basic questions about how entities handle lent Bitcoin could have prevented investors from getting involved in the Terra Luna collapse and situations involving Sam Bankman-Fried (SPF).
"you know like to um I didn't ask SPF this my partner did but um with some of the other centralized tokens that we saw I said Okay so you're going to lend you're going to have people lend you their Bitcoin and then what are you going to do with it I mean just asking that question simple question would have saved anybody from getting involved in teror Luna would have saved anybody from being an SPF"
Pending
Bitcoin is predicted to trade significantly higher and reach new all-time highs.
"Bitcoin will trade a lot higher at new alltime highs let's give it that"
Pending
A past prediction of Bitcoin reaching $10,000 within three years from 2014 was accurately met.
"I said on um Fox Business News in 2014 and Bitcoin was trading at I don't know 600 or something and I said it's going to be worth 10,000 in three years and it hit that number exactly"
Pending
A prediction was made for Bitcoin to reach $250,000 within four years when it was trading at $4,000.
"when it was at 4,000 I said okay 250,000 in four years"
Pending
The prediction of Bitcoin reaching $250,000 is reiterated and expected to occur soon.
"I would say that we that my number of 250,000 will probably come pretty soon so I'll stick with 250,000"
Pending
A prediction for Bitcoin to hit $250,000 is made.
"I'll say 250,000 I'll say it hits 250,000"
Pending
Bitcoin is predicted to reach $250,000, with the potential to surpass that figure significantly.
"I mean though you will see 250,000 I actually think that if it hits 250,000 that it'll go way past it"
Pending
There is a possibility of Bitcoin reaching $250,000 within the current year.
"I think this year I think this year we might see 250,000"
Pending
Bitcoin is predicted to reach new all-time highs and trade at significantly higher values.
"I will just say Bitcoin will trade a lot higher at new alltime highs"
Pending
The prediction of Bitcoin reaching $250,000 is expected to materialize in the near future.
"my number of 250,000 will probably come pretty soon"
Pending
If Bitcoin reaches $250,000, it is expected to significantly exceed that price level.
"I actually think that if it hits 250,000 that it'll go way past it"
Pending
There is a prediction that Bitcoin could reach $250,000 within the current year.
"this year I think this year we might see 250,000"
Pending
The US economy is at a bottoming phase, with forward-looking indicators also showing a bottom.
"my view my macro work was that the E the present State economy is bottoming right now um all the future forward-looking indicators all bottomed"
Pending
Global liquidity and financial conditions have bottomed out in the previous year.
"Global liquidity um Global Financial conditions they all bottomed last year"
Pending
Significant stimulus is expected in the upcoming year.
"from all the work that I do I see nothing but stimulus coming this year"
Pending
Stablecoins are not just for crypto on/off-ramps but are also used significantly by corporations for international trading, especially for businesses with capital restrictions.
"the rise of stable coins it really shocked me because at first I just thought it was a a liquid onramp and off-ramp into crypto and I was speaking to some friends of mine in Singapore who who uh run a big trading business there qcp and they would they said no no no no most of the business we see in stable coins is from corporates"
Pending
Filipinos are heavily into crypto because they use stablecoins for remittances, enabling them to send money home and access dollars.
"the Filipinos so into crypto he's like are we all used stable coins because we have remittances and we send money home to our parents so we we use stable coins and you know we want access to Dollars"
Pending
The tokenized euro dollar market, represented by stablecoins, is expected to continue growing.
"so you can only think that this tokenized euro dollar market which is offshore Euro dollars offshore dollar market which is stable coins will keep growing"
Pending
Stablecoins are anticipated to serve as a bridge to Bitcoin.
"the role of stable coins I think will be a bridge to bitcoin"
Pending
2024 is predicted to be a good year for stablecoins, acting as a stepping stone to Bitcoin.
"I think it'll be a good year for stable coins — and then it'll be a bridge to bitcoin"
Pending
The US dollar is identified as the most crucial monetary element globally, with 87% of world traders operating in it.
"87% of all World traders in US Dollars whether anybody likes it or not the US dollar is the single most important monetary thing"
Pending
Stablecoins' viability is tied to the US dollar's strength; a run on the dollar would likely lead people to move to Bitcoin.
"the way stable coins will operate they will be viable as long as the dollar is viable and then when there's a run on the dollar people will move to bitcoin"
Pending
By 2008, every major government had reached 100% of their GDP in debt.
"every major government hit 100% of GDP in debt by 2008"
Pending
In 2008, governments cut interest rates to zero, which is characterized as a debt jubilee.
"what they all did was cut rates to zero in 2008 that was essentially a debt Jubilee"
Pending
Governments reset their debt every three to five years, a cycle referred to as the debt refinancing cycle.
"every government reset their debt to three to five year that 3 to five years cycle is the debt refi cycle"
Pending
The number of cryptocurrency wallets is projected to grow from 516 million to over a billion within the current cycle.
"we're going to go from 516 million wallets to I think a billion and Beyond in this cycle alone"
Pending
Major banks and asset management firms are actively investing in and building on blockchain technology, with significant interest from figures like Jamie Dimon.
"the banks all the asset management firms are both investors but also building on blockchain Rails all of them so whatever Jamie says and I've spoken to him directly about this that he's wildly interested in this space and they will you know JP Morgan Goldman everybody are building on these rails"
Pending
Solana's compressed NFTs technology, enabling the creation of millions of NFTs at a low cost, is seen as a breakthrough for use cases like ticketing.
"the Breakthrough of um salana compressed nfts allowing for a million nfts to be printed for minted for 100 bucks means that's allows ticketing and other breakthroughs of what we can use nfts for"
Pending
The venture capital community's excessive funding in the past is seen as having negatively impacted companies, and they are now facing the consequences of those past investments.
"the Venture Community got they they were investing such huge amounts of money um that they were kind of ruining our companies by saying you know oh you need 10 million here's a hundred million and uh and now they're you know they're suffering the the results of that"
Pending
The speaker's venture capital strategy involves investing in a diversified portfolio of seed-stage companies, with the expectation that a few winners will achieve significant growth while others will fade.
"in my business I invest in a very Diversified portfolio of seed Investments very early Investments and some of those trees grow and some of them don't and the um and the winners become very big and the losers or the the other ones you know they sort of Fade Away"
Pending
The timeline for venture-backed companies to reach significant valuations is estimated: 100 million in four years, 1 billion in seven years, and 10 billion in fifteen years.
"getting to a billion dollar valuation or that might so a 100 million might take them four years a billion dollar valuation might take him seven years and a 10 billion dollar valuation might take them 15 years"
Pending
Coinbase is expected to grow, and while many large crypto companies missed out on IPO opportunities this time, future exits are anticipated.
"coinbase is gonna grow and I think um I think you'll probably see um I mean there are quite a few that got pretty big and they didn't quite make it through the window this time"
Pending
Ledger is identified as a company with the potential for a future Initial Public Offering (IPO).
"Ledger would have that so that could possibly be a future IPO"
Pending
Circle and Gemini are mentioned as crypto companies that might pursue going public in the future.
"Circle I guess Gemini Gemini twins they might um have something to um to go public at some point"
Pending
Companies like Ripio and Coinhako in Southeast Asia have grown significantly, and their potential to go public is being considered.
"ripio or the the one in Southeast Asia um in Singapore uh coin hako that have gotten really big and there is some question as to whether they um go public or whatever"
Pending
The speaker's venture capital strategy involves aligning with entrepreneurs by seeking to hold both equity and tokens, ensuring a shared interest in the company's success.
"I like to align with the entrepreneur so what that usually means is that we need to get if we're investing in equity we need to get um the tokens if they come so we want to make sure that we're that we basically have the same relative interest as the entrepreneur does to both the equity and the token"
Pending
Governments are likely to provide stimulus during election years to gain votes.
"in a election year the government's job is to give out as much candy as possible to voters that all they want to do is buy votes you will always get stimulus"
Pending
The crypto market follows a cyclical pattern of spring, summer, and fall, followed by a winter during the debt refinancing cycle downturn. Despite this, the trend is upward with higher lows due to increasing adoption.
"crypto spring summer fall crypto macro winter when the downside of the debt refi cycle comes it's the worst performing asset price on Earth and we just keep repeating the lows are higher it's just an exponential you know logarithmic Trend that keeps going because of adoption"
Pending
The launch of Bitcoin ETFs is viewed as a 'trade deal' that will attract significant foreign direct investment and tourism into the crypto space, driven by stimulus and crypto's attractive returns.
"we've got the ETF which I think of as a trade deal between crypto land and fat world it's not immigration into cryptand because these people are using centralized counterparts to do this as opposed to myself who will use my leged Dev for Self Storage but we're going to bring a lot of FDI foreign direct investment and tourism income into cryptand huge amounts of it because of because of the stimulus and the fact that it's the best returning asset price on Earth"
Pending
Significant investment in 2020-2021 has fueled the development of applications, layers, and infrastructure in crypto, much of which is expected to come to market.
"67 billion went in that money has been building applications layers infrastructure layers all sorts of stuff right a lot of this will come to Market"
Pending
There is a trend of important applications like NFTs (Ordinals), DeFi, and smart contracts being developed and moved onto the Bitcoin platform.
"people are going hm okay so nfts are a big deal so we're going to create ordinal on on bitcoin oh okay so defi is a big deal okay well we're going to have defi on bitcoin okay smart contracts are a big deal we're g to move smart contracts to bitcoin"
Pending
There is a consistent shift towards having all significant applications operate on Bitcoin, indicated by its relative strength compared to other tokens.
"the differential so I think that there is this slow steady movement toward the all the important applications going on bitcoin"
Pending
Technologies like the Lightning Network and Stacks are addressing previous concerns about Bitcoin being slow and an energy hog.
"there's the lightning Network um there's Stacks there are lots of things that are making it so that it is not an energy hog and it is not slow"
Pending
The speaker anticipates a future economy built on Bitcoin where all financial activities, including investing, payments, and accounting, can be managed without traditional intermediaries, leading to reduced friction.
"I can't wait for the moment where I can raise all my investor money in Bitcoin invest it all in Bitcoin have them all pay their employees and suppliers in Bitcoin and their taxes and everything else and have it all completely um accounted for audited whatever without an accountant an auditor a bookkeeper a transfer agent or tax lawyer or whatever"
Pending
A new economy based on the discussed principles will experience significantly less friction.
"this new economy will be will have far less friction"
Pending
The speaker has been almost exclusively invested in crypto for an extended period.
"I'm pretty much 100% crypto and I have been for a long time now"
Pending
The speaker's investment strategy is highly concentrated, with a primary focus on Solana over the past year.
"I like to really focus on what I'm doing so my big Focus for this cycle is salana and I've been that's been for the last year"
Pending
The venture capital firm invests in a wide range of technologies globally, identifying potentially interesting markets.
"we invest in any technology anywhere in the world where we think that there's a a really interesting Market that could could happen"
Pending
While individual early-stage investments carry uncertainty, a diversified portfolio approach allows for greater confidence in overall returns.
"people say how can you be sure that given investment is good and I go can't be sure but in a diversified portfolio yeah you can"
Pending
There's a question about whether significant exits in the crypto space will occur in the current cycle, given the limited number so far, with Coinbase being a notable exception.
"do you think we're gonna get any decent exits in crypto in this cycle because we've had very few we've obviously coinbase"
Pending
The speaker is asked about their views on potential exits for larger crypto businesses and whether it might take longer.
"there are quite a few larger businesses around what are your views on that or do we have to wait longer you think"
Pending
Gemini might have prospects for going public, but they need to resolve certain issues first.
"Gemini Gemini twins they might um have something to um to go public at some point but I think that they're they've got to shake through a few things before they do"
Pending
Venture capitalists have the option to invest in either equity, tokens, or both, and the speaker is asked about their preference.
"do you prefer the equity or the token or you're indifferent because you know as VCS you get the opportunity to do either both together separately"
Pending
The speaker aims to secure both equity and tokens when making investments.
"I wanted to make sure each time we invest we kind of go after both of them"
Pending
The speaker identifies their ability to ask 'stupid questions' as a superpower, which they use to delve deeper into investment details.
"I'm I'm kind of good at asking the stupid questions and you know if if I have one superpower that's probably it and I'm willing to go ahead and ask now Wait a second how does that work and I keep going and digging down"
Pending
Probing questions about how funds are handled could have prevented individuals from being affected by the Terra Luna collapse and associated entities.
"just asking that question simple question would have saved anybody from getting involved in teror Luna would have saved anybody from being an SPF"
Pending
The current period is characterized as a boom cycle within the broader economic cycle previously discussed.
"we're going through that cycle that rul was talking about we're I mean we're going through the boom cycle"
Pending
The number of cryptocurrency wallets is projected to grow from 516 million to over 1 billion in the current cycle.
"we're going to go from 516 million wallets to I think a billion and Beyond in this cycle alone"
Pending
There is a consolidation trend where important applications are moving to Bitcoin, establishing it as a primary platform.
"I think that there is a little bit it's starting to happen a consolidation around Bitcoin because as a platform"
Pending
Through the Lightning Network and other advancements, Bitcoin transactions can potentially become faster than Visa's network.
"with an open node I believe they can make transactions as faster than the Visa Network"
Pending
Bitcoin is predicted to reach $250,000 in 2024.
"I'll say 250,000 I'll say it hits 250,000 let's see 2024 yeah I think it'll hit 250,000"
Pending
If Bitcoin reaches $250,000, it is expected to surpass that price significantly.
"I actually think that if it hits 250,000 that it'll go way past it"
Pending
Stablecoins are seeing significant adoption beyond just crypto on/off-ramps, with corporates in Singapore using them for international trading due to lower settlement costs and capital restrictions.
"the rise of stable coins it really shocked me because at first I just thought it was a a liquid onramp and off-ramp into crypto and I was speaking to some friends of mine in Singapore who who run a big trading business there qcp and they would they said no no no no most of the business we see in stable coins is from corporates"
Pending
Stablecoins are widely used in the Philippines for remittances and accessing US dollars, indicating a growing trend in emerging economies.
"then you know I get my haircut and the guy here is Filipino and all the Barbers are all mad crypto punters I'm like why are you guys why are the Filipinos so into crypto he's like are we all used stable coins because we have remittances and we send money home to our parents so we use stable coins and you know we want access to Dollars"
Pending
The tokenized euro dollar market, represented by stablecoins, is expected to continue growing, especially with potential future re-engagement from large economies like India and China.
"so you can only think that this tokenized euro dollar market which is offshore Euro dollars offshore dollar market which is stable coins will keep growing"
Pending
Circle is identified as a company with a strong likelihood of having an IPO window open for them.
"Tim one of the com companies I think will likely be able to get an IPO window is circle for that reason"
Pending