Latin American digital asset platform Bitso has distributed a list of predictions for 2024.
Felipe Vallejo, Chief Corporate Affairs Officer at Bitso, the end of 2023 was positive for Bitso:
“… not only because we reached 8 million users globally and 1,700 institutional clients, but also because we are incredibly optimistic about a new year that will allow us to offer our community various products and services powered by crypto. Furthermore, this 2024 at Bitso, we celebrate our first ten years, so it will be a great occasion to reflect on the transformations and advances in the industry, as well as the contributions that Bitso will continue to make for the future of crypto in Latin America.”
Bitso predicts the following during the next 12 months.
- Regulation, regulatory compliance, and fraud prevention will improve driving credibility for the industry.
- Stablecoins will continue to gain traction, especially in Latin America, due to financial volatility in certain markets.
- There will be an increasing use of crypto as an investment tool and diversification of savings.
- Web3 and decentralization (DeFi) will play a fundamental role in boosting growth and enabling users greater control.
- There will be a new Bitcoin moment with the halving, which will drive prices higher along with the approval of Bitcoin ETFs.
Bitso added that the Presidential race in the US and Mexico, along with changes in Argentina, will help define the path of crypto going forward.