top of page
Writer's pictureBVC Pay

‘$16 Trillion By 2030’—Crypto Now Braced For A 2024 JPMorgan And Wall Street Earthquake Amid Bitcoin, Ethereum, Solana And XRP Price Boom

Billy Bambrough

Senior Contributor

Dec 28, 2023,08:05am EST


BitcoinBTC 0.0% and crypto prices—including XRPXRP 0.0% and led by ethereum rival solana—have surged to highs not seen since early 2022 this year (alongside a shock China crypto flip).


The bitcoin price has topped $45,000 per bitcoin this month, soaring as hype around a BlackRockBLK -0.3% game-changer explodes—though one legendary trader fears the world's largest $10 trillion asset manager could accidentally "destroy" bitcoin.


Now, alongside a surprise prediction Donald Trump could trigger a bitcoin price boom in 2024, San Francisco-based crypto asset manager Bitwise has forecast Wall Street giant JPMorgan will take a major step toward growing tokenized real-world assets to $16 trillion by 2030 next year.


"Launching a tokenized fund in 2024 would allow JPMorgan to take advantage of the efficiencies on-chain assets can offer while entering a market whose growth is exploding," the Bitwise team, led by chief executive Hunter Horsley, wrote in a 2024 predictions report.


"[JPMorgan has] been exploring blockchain technology for years, and recently tested tokenized portfolios on the avalancheAVAX 0.0% blockchain. Those tests allowed them to automate a significant amount of the steps involved in the portfolio management process, including subscriptions, redemptions, rebalancing, and more."

Bitwise's report pointed to a projection from the Global Financial Markets Association that the value of real-world assets tokenized on blockchains would grow from $5.5 billion to $16 trillion by 2030.


Earlier this year, BlackRock became the first Wall Street giant to use JPMorgan's blockchain-based collateral settlement system, part of a plan that BlackRock's chief executive has said will usher in "the next generation for markets."



2 views0 comments

Commenti


bottom of page