%%title%% %%page%%

Crypto market cap could hit $10 trillion as ‘something has changed


186 Listen to this article Analysts are speculating a substantial growth in the cryptocurrency market, with predictions that the total […]

Latest News

Listen to this article

Analysts are speculating a substantial growth in the cryptocurrency market, with predictions that the total market capitalization could reach $10 trillion. This bullish outlook is attributed to several factors indicating a significant shift in the market dynamics and regulatory environment.

Key Insights:

  1. End of Crypto Winter and Bull Market Potential: Analysts believe that the end of the crypto winter could be the beginning of a new bull market cycle. This phase is often marked by increased volatility, with rapid gains and losses. Recent developments in exchange-traded funds (ETFs) are seen as instrumental in initiating a ‘crypto spring,’ potentially kicking off the next bull market​​.
  2. SEC’s Engagement Signaling a Change: ARK Invest CEO Cathie Wood expressed optimism regarding the SEC’s recent engagement with their filings for a spot Bitcoin ETF. Unlike previous instances where their filings were outright denied, this time they received queries from the SEC, which Wood interprets as a positive indication of the SEC’s increased involvement and interest in the cryptocurrency sector. This engagement is seen as a sign of potential regulatory advancements in the cryptocurrency space​​.
  3. Analysts’ Views on Market Dynamics: Bloomberg Intelligence analyst Jamie Coutts also acknowledges a change in the market but attributes it to broader shifts in asset allocation rather than just the ETF news. According to Coutts, the behavior of Bitcoin in early 2023 was a clear indicator of this shift, suggesting a fundamental change in the nature of asset allocation​​.
  4. Projection of Market Cap Growth: Coutts projected that the cryptocurrency asset class could reach a market capitalization of $8 to $10 trillion in the current cycle. This prediction is based on the expectation of the proliferation of systematic and factor-based strategies, with funds showing significant growth in assets under management (AUM)​​.
Read Also:  YouTube Co-Founder Backs Memecoin Based on ‘First Cat’ on Platform


The combination of regulatory developments, market shifts, and analysts’ predictions paints a promising picture for the cryptocurrency market. The potential growth to a $10 trillion market cap reflects the increasing maturity and acceptance of cryptocurrencies as a significant asset class. This projection is underpinned by expectations of regulatory advancements, changing investment strategies, and a deeper integration of cryptocurrencies into the broader financial market. The next few years could be pivotal in realizing this potential and witnessing the transformative impact of cryptocurrencies on global finance.

You Might Also Like

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

Would love your thoughts, please comment.x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase