Crypto Market To Soar In 2024, Billions In Capital Will Flood Into Sector, Says Analyst

Crypto analyst Jamie Coutts has spotlighted 2024 as the year for a significant surge in crypto inflows.

The Bloomberg Intelligence analyst specifically emphasized the potential of "unlocking billions" from Retail, RIA, and Institutional capital that could be channeled into U.S.-based ETFs.

Don't miss your chance to be at the forefront of this financial revolution—join Benzinga's Future of Digital Assets conference on Nov. 14 in New York City to explore groundbreaking strategies and insights that could redefine the investment landscape.

This Bloomberg projection comes even as the U.S. has grappled with a decade of SEC regulatory challenges, yet continues to be a dominant force in the Bitcoin BTC/USD Fund assets arena, with Grayscale leading the charge.

The movements and strategies in Bitcoin active entities have also caught Coutts' attention.

He believes that the recent activity in these entities might be in anticipation of the Grayscale ETF ruling, though they seem to have now settled back to a familiar range.

Also Read: How Lufthansa Is Using NFTs To Reward Passengers

In light of these significant projections, Benzinga's Future of Digital Assets conference is poised to be a central platform for discussions and insights. Attendees and industry experts will gather to dissect the potential of "unlocking billions" and the catalysts that could drive this massive capital influx.

Read Next: 10 Crypto Ideas From Coinbase CEO Brian Armstrong: 'Bear Markets Are For Building'

Discover Fintech innovations and delve into the Future of Digital Assets at Benzinga's premier events; grab your tickets today to be part of the revolution! 

Photo: Shutterstock