Crypto

A Future Prognosis

Athena @ Shaping Tomorrow

27 July 2024
Introduction
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Contents
User Guide
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Sources
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Twitter Searches
Web Searches
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World Outlook
Main factors that cause something to happen globally
Regardless of whether digital currencies achieve mainstream adoption in 2024 or 2025, the proliferation of Bitcoin ETFs signals a significant step towards broader acceptance and integration within the global financial system. FinancialExpress
Crypto is not only a financial asset, but a technological and social phenomenon that could transform the world in the coming years. Coinpedia Blockchain Fintech News
Raising crypto prices combined with energy inefficient equipment would result in electricity use exceeding 2% of global electricity consumption by 2027, and eventually falling to slightly above 1% by 2035. IMF eLibrary
Global regions, coloured according to number of forecasts
SWOT
Strengths
  • With a robust regulatory framework, a skilled workforce, and a supportive ecosystem, Singapore is well-equipped to navigate the complexities of the crypto world and capitalize on its boundless potential. Fintech Singapore
  • Given the projected de-sensitization of the U.S. economy to interest rate cuts, Bitcoin emerges as a particularly advantageous asset. IT News Africa | Business Technology, Telecoms and Star
  • Bitcoin and Solana show robust gains amid global tech disruptions. Crypto Briefing
Weaknesses
  • Bitcoin might witness a slow growth after 2025's halving surge, resulting in a surge in selling pressure. Cryptopolitan
  • As traditional financial markets continue to perform well and US inflation decreases, Bitcoin's narrative as an alternative store of value might weaken, potentially limiting its upside. changelly.com
  • Macroeconomic factors will pressure Bitcoin's price in 2024 despite the bullish narratives. CoinTelegraph
Opportunities
  • The Biden administration on three domains-on crypto, on AI regulation, and on the taxation of unrealized capital gains - has made steps, made threats, and seems to be headed in a direction that the Silicon Valley titans just do not like. DNyuz
  • The combination of Bitcoin's immutable property rights and sound money principles with the enhanced functionality provided by L2 solutions could enable the creation of a global financial system capable of better meeting the developing world's needs. Bitcoin 2050 Valuation Scenarios: Global Medium of Exch
  • Bitcoin's scalability issues which have been the primary barrier to its widespread adoption, will be resolved by emerging Bitcoin Layer-2 (L2) solutions. Bitcoin 2050 Valuation Scenarios: Global Medium of Exch
Threats
  • In the United States, the Biden administration will continue tackling illicit financial flows and building a crypto regulatory framework.
  • The IBM Threat Intelligence Index saw a 266% increase in attacks involving malware designed to steal personal identifiable information, including social media and messaging app credentials, banking details, and crypto wallet data. ZDNet
  • The US Treasury maintains that crypto mixers pose a national security threat, and Tornado Cash failed to implement adequate controls to prevent money laundering. Blockonomi
Influencers
Countries
Cities
People
Organizations
S-Curve

A framework that describes a 4-phase level of maturity to help determine potential and inform innovation strategy.

Weak
crypto, bitcoin, computer, asset, attack, application
Emerging
bitcoin, crypto, asset, blockchain, bank, application
Maturing
crypto, asset, price, bank, bitcoin, application
Declining
crypto, bitcoin, asset, bank, company, carbon
Sentiment
Past Year: More Positive
Compare changing sentiment to a benchmark of all forecasts
Regardless of whether digital currencies achieve mainstream adoption in 2024 or 2025, the proliferation of Bitcoin ETFs signals a significant step towards broader acceptance and integration within the global financial system. FinancialExpress
By 2025, crypto crime will cost the world $30 billion annually. The Tech Report
PEST
Political
  • Secretary Yellen is saying that other countries, urged by Russia, will resort to Bitcoin and other crypto currencies in place of the dollar. FiduciaryVest
  • The Australian Transactions and Reports Analysis Centre (AUSTRAC) is warning residents down under over growing crypto money laundering risks. cryptonews
  • We can see that the crypto regulation environment in the Netherlands is improving and is expected to improve in the coming years, thanks to the welcoming attitude of its government authority and the growing enthusiasm of its crypto community. Coinpedia Fintech News
Economic
  • We expect Bitcoin price to create a high of $110,000 by the end of 2024. Cryptopolitan
  • By the end of 2024, Bitcoin might record a maximum price of $110,000, with a minimum price of $48,000 and an average price of $65,000. Cryptopolitan
  • Robert Kiyosaki predicts Bitcoin price to touch $120,000 by the end of 2024. Cryptopolitan
Social
  • Other phony domains posing as fixing sites surfaced on social media, with security researchers warning users not to pay for a fix - there's free support from the real CrowdStrike - as some of the fraudulent websites asked for bitcoin and PayPal donations. The Register
  • Over 34,000 smart contracts on the Ethereum blockchain contained at least one known vulnerability. BlockApps
  • While not ignoring blockchain's transformative potential, the US government is still not ready to embrace cryptos.
Technological
  • Bitcoin servers and data centers will face a decisive blow, leading to the fall of 99.5% of crypto-currencies, including China Coins. Operation Disclosure Official
  • If the current miner capitulation ends soon, as some analysts predict, Bitcoin could see a peak of over $200,000 based on historical data. changelly.com
  • If the current miner capitulation period ends soon, Bitcoin could potentially peak at $223,000 based on historical data from previous cycles. changelly.com
Financial Impact
Global crypto trading is only just beginning to take off, as a study from CoinWire predicts that industry trading volume will exceed $108 trillion by the end of 2024. CoinTelegraph
Crypto trading volume is projected to surpass $108 trillion in 2024, with Europe leading in global transaction value and Binance being the most dominant exchange worldwide. CoinTelegraph
Bitcoin's capitalization has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Action Forex Company Limited
Click on the dots or the lines to see the connections
System Map
Organizations
Sectors
Cities
Countries
People
Scenarios
Creates plausible alternative futures of what can happen and encourages development of a robust, agile response
In addition, now that crypto is ever present Cybersecurity Ventures predicts crypto crime will cost the world $30bn annually by 2025. businesslive
There have been approximately 764 crypto-related M&A transactions globally since 2013, with about 88 in the first seven months of 2022.3 It is anticipated that the total estimated value of transactions in 2022 will be roughly $8 billion. Allen&Overy
By the end of this decade, a few things like how Bitcoin would be regulated and whether it could become a currency with wider usage in the global payments system might become clear. Kalkine Media AU
Warnings
Changing proportion of published forecasts
Governments worldwide are implementing new regulations to address the vulnerabilities of inadequate AML compliance procedures in crypto firms. Financial Crime Academy
The global chip shortage is very much still ongoing, after all - sure, the crypto crash has seen a period of relief, but the need for AI processors threatens to spark a new GPU shortage. TechRadar
Solutions
Know how others are tackling issues with this topic
Eventually, adoption by TradFi could lead to greater adoption of crypto by everyday users and for global payment rails. cryptonews
The adoption of Polygon by renowned brands like Nike, Starbucks, Mastercard, Adobe, Disney, Meta (formerly Facebook), Adidas, Mercedes, Reddit, and Google Cloud has further sparked the interest of crypto investors worldwide, validating its potential. Flitpay.com
Bitcoin's potential to drive Web3 adoption globally is significant. The Globe and Mail
Key topics
Extremes
Investigate what’s transforming or collapsing
By 2050, we see bitcoin solidifying its position as a key international medium of exchange, ultimately becoming one of the world's reserve currencies. Bitcoin 2050 Valuation Scenarios: Global Medium of Exch
Crypto currencies are extremely volatile, can involve high risk and is not for everyone, states Crypto Lists Ltd. CFDs are complex instruments that have a high risk of losing money due to leverage. CryptoLists.com
The most far-reaching consequence of the ETF-driven institutionalization of bitcoin is that it will become extremely difficult for the U.S. to ban the digital asset, enabling bitcoin to permanently push forward the evolution of how money fundamentally works. Forbes
What's Next
Changing proportion of material mentioning future years
The coming year will bring about new all-time highs in bitcoin and ethereum and a much wider institutional participation in crypto assets. Forbes
Assia is confident that over the next decade, Bitcoin will not only see higher prices but also become a more significant force in the global financial landscape. Financial World
Questions
Can?
How can Bitcoin payments rise once again? Cointelegraph Magazine
How can the gap between traditional finance and crypto be bridged? Blockhead
Can Bitcoin Scale Without Layer-2? CCN
How?
How could the United States leverage a digital commodity like bitcoin to strengthen its own fiscal health and geopolitical position? Forbes
In a highly decentralized network like Bitcoin, the sheer scale and distribution of the mining power make it virtually impossible for any single entity to amass enough resources to execute a successful 51% attack How secure is Bitcoin or Blockchain? BlockApps
How will the halving impact bitcoin's price? Crowdfund Insider
Who?
Who is the creator of Bitcoin? Bull Market Bytes
Who Will Win Bitcoin's Halving? oilprice.com
As crypto becomes more mainstream, how can individuals who want to utilise cryptocurrencies for investments or the transfer of value do so without the risk of falling victim to crypto scams and fraudulent activities? Gulf Business
What?
What are the pros and cons of a Bitcoin IRA? Bitcoin IRA | Official Bitcoin Retirement Account Investment
What should one expect crypto-wise if the entire global economy heads south? Cointelegraph Magazine
What happened after the collapse of the crypto boom? Los Angeles Times
When?
Which one packs more punch when it comes to making transactions faster, reducing gas fees, and offering a seamless user experience on the Ethereum network? BeInCrypto
HOW NFM RULES WILL AFFECT AND IMPACT CRYPTO AND FINTECH FIRMS The real question is how will the NFM Rules potentially affect and impact crypto and FinTech firms when they come into force in 2025? FinExtra
What happens when crypto and blockchain meet the physical world? IoTeX Blog - Get All The Latest IoTeX News
Will?
Will XRP be the Next Bitcoin? cryptonews
Will Donald Trump capture the Bitcoin vote? UnHerd
Will Bitcoin soar to new heights? Coinpedia Fintech News
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