Analysts at the Bitfinex crypto platform announced that against the backdrop of a bullish market trend, the number of cryptocurrency users could reach 950 million in the coming year.
As of December 1, 2023, the number of cryptoasset holders is about 575 million.
Bitfinex is very positive about the prospects for Bitcoin and crypto assets in general.
Currently, the total market capitalization of cryptocurrencies is approximately $1.6 trillion. But given the changing conditions right now, it has a chance to skyrocket to $3.2 trillion, say economists at Bitfinex.
In El Salvador, where BTC is considered legal tender, the adoption of the world's first cryptocurrency will continue to grow, experts write. There is also a positive shift towards cryptocurrencies in Argentina, where the authorities are going to allow financial contracts to be concluded in digital assets.
The influx of users will also be affected by the most anticipated event of 2023-2024 – the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), which could occur as early as early January 2024.
The day before, the SEC asked companies to make final changes to applications to launch Bitcoin ETFs. The last date for making changes is December 29, 2023.
Source: Cryptocurrency
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