Thomas Perfumo's forecast: four factors that will trigger the growth of cryptocurrencies in the second half of 2024
Date: 2024-07-17 Author: Henry Casey Categories: CRYPTO PAYMENTS
Thomas Perfumo expressed the opinion that the upcoming presidential elections in the United States will have a significant impact on the development of legislative initiatives for the crypto industry over the next four years.
One of the big catalysts for cryptocurrency growth in the second half of 2024 will be the launch of Ethereum-based ETFs, which will attract significant capital and increase interest in this cryptocurrency.
Fed interest rate cut
Interest rate cuts by the US Federal Reserve are also expected to be a boost to the cryptocurrency market, similar to actions taken by Canada and Europe.
The ongoing global trend of Bitcoin adoption and the outcome of the US elections in the fall of 2024 will also play a major role in the growth of cryptocurrency markets, contributing to a sustained bullish trend in the coming years. Experts from analytics platform CryptoQuant have also confirmed that market data points to the second-largest institutional accumulation in the cryptocurrency markets, further fueling their growth.
Thus, the second half of 2024 is expected to be a period of significant development and strengthening of the position of cryptocurrencies in the global economy.
