Hanu Fejiro, founder/CEO of Patricia Applied sciences, a Nigeria-based cryptocurrency trade platform has mentioned the 12 months 2024 can be a really bullish 12 months for crypto, projecting bitcoin to surpass $80,000/btc.
This was made recognized by the CEO in a put up on X on his prediction for crypto in 2024, highlighting that ‘All Crypto Costs Develop Parabolically.’
In response to Fejiro, who anticipated the reversal of the crypto ban in 2024, and now that it has occurred, Nigeria is poised to keep up a distinguished place in driving the adoption and regulation of cryptocurrencies throughout Africa.
He mentioned “I’m assured that the approval of Bitcoin and Ethereum ETFs will occur in 2024. This is able to unlock billions of {dollars} that might movement into this asset class for the primary time in historical past.
“What are EFTs Consider the ETFs as a go-head, for funding homes with trillions of investor funds to now put money into Bitcoin and Ethereum.” Including that “I predict that bitcoin will shatter expectations, surpassing $80,000 per bitcoin. The crypto market cap simply crosses $2 trillion and will get above $3 trillion and past.”
“As ETFs get authorised, Coinbase will develop into a vital participant in ETF custody and keep its standing as America’s most well-liked crypto trade, its inventory, $COIN, is predicted to see important development,” he mentioned.
In response to Fejiro, the panorama of cryptocurrency is poised for some groundbreaking shifts, 2024 by 2025, and would usher in a brand new type of wealth distribution, The previous decade has already established crypto as a formidable asset class and the subsequent two years are shaping as much as be the icing on the cake.
He believes that whereas investing, Bitcoin may have the plain decide, nevertheless, different cryptocurrencies would offer extra return for buyers and Bitcoin will develop into a protected wager.
On the African crypto market growth, He mentioned: “The African crypto market will expertise substantial development, with crypto exchanges reaching new heights, revolutionary monetary mechanisms like launchpads, low-cost entry into the crypto scene within the type of airdrops will develop into mainstream, marking a brand new period in digital finance in Africa.”