Coinbase Report Predicts Bitcoin Bull Run in 2024

Macroeconomic Forecast

Coinbase, the United States' largest crypto exchange, has identified macroeconomic factors that could influence a Bitcoin bull run in 2024. The report underscores the Federal Reserve's decisions, the anticipation of Spot Bitcoin ETFs, and the forthcoming Bitcoin halving event as potential catalysts.

Bitcoin Halving & ETF Optimism

With the Bitcoin halving in April and the integration of Spot Bitcoin ETFs into asset managers' portfolios, Coinbase foresees a boost in Bitcoin and other leading cryptocurrencies by Q2 of 2024. This aligns with an expected easing cycle and rate cuts by the FED.

Positive Market Trajectory

The combination of macroeconomic events and the crypto industry's response, including successful liquidations and revived organizations, point towards a bullish market outlook. The sustained influx into Spot Bitcoin ETFs signifies growing investor confidence and liquidity within the market.