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10x Research: By 2024, Bitcoin will dominate the market as digital gold, and by 2025 it may usher in a new market narrative

10x Research: By 2024, Bitcoin will dominate the market as digital gold, and by 2025 it may usher in a new market narrative

Bitget2024/10/16 03:04

According to 10x Research on X, we are making significant predictions for the market in the next 12 months! Since 2024, the cryptocurrency market has often been driven by momentum, with traders favoring outstanding assets. In the first quarter, we focused on Bitcoin's strong performance, avoided Bitcoin miners and expressed concern about a sharp drop in Ethereum revenue. We expect this will significantly reduce the price of Ether. At the same time, we predict that unlocking alternative tokens may prompt risk investors to sell assets and raise cash. Retail investors are still absent. Bitcoin thrives mainly due to its narrative as "digital gold" and its appeal as a diversification tool for multi-asset portfolios - a concept actively promoted by BlackRock to its clients. So far this year, gold prices have risen by 27%, outperforming SP500's increase of 23%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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