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 numerous funding banks for over a decade earlier than coming into the decentralized finance trade in 2019. He’s usually quoted in numerous information retailers for his views on the markets, which he shares in actual time through 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 explanation for such record-low volatility? 

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

Many crypto group members eagerly await the arrival of 2024, as they imagine it’s going to carry 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 begin reducing rates of interest: Will the choice depend on a steady downtrend in inflation? And can the primary spot Bitcoin exchange-traded fund be accepted in the USA in 2024? We talk about all this and extra, so stick round till the top.

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