2024 could be very bullish for crypto — Here’s why

This week’s episode of Cointelegraph’s Market Talks welcomes Huf, the founding father of Pear Protocol, a brand new decentralized alternate launching on Arbitrum in 2023. Huf labored as an fairness derivatives dealer for varied funding banks for over a decade earlier than coming into the decentralized finance business in 2019. He’s usually quoted in varied information shops for his views on the markets, which he shares in actual time by way of his X (previously Twitter) profile.

The present kicks off with Huf’s views on the present crypto market. Is it in want of a brand new stimulus and new cash? Is it a closed system with the identical cash rotating from one protocol to the subsequent or one blockchain to a different? Is that the rationale for such record-low volatility? 

Do narratives drive the present crypto market? In that case, how can a dealer or investor make the proper selections based mostly on these narratives? Huf provides his insights and discusses the narratives he sees enjoying out within the close to future — and those who have already performed out.

Many crypto group members eagerly await the arrival of 2024, as they consider it’s going to deliver with it a brand new bull market — particularly since 2024 is the 12 months of the subsequent Bitcoin halving. Huf explains why he’s extremely bullish on the primary quarter of 2024 and why he thinks it will likely be the beginning of the subsequent bull market.

The episode additionally discusses what must occur for central banks to start out reducing rates of interest: Will the choice depend on a steady downtrend in inflation? And can the primary spot Bitcoin exchange-traded fund be permitted in the US in 2024? We focus on all this and extra, so stick round till the tip.

Market Talks airs each Thursday, that includes interviews with a few of the most influential and galvanizing folks from the crypto and blockchain business. So, head over to the Cointelegraph Markets & Research YouTube channel, and smash these “Like” and “Subscribe” buttons for all future movies and updates.