Blockchain and Crypto

Crypto 2024 outlook in the wake of ETF approval: The intersection of politics, rate cuts, and emerging regulation

  • A rising wave of young investors is embracing crypto as a strategic shield against inflationary pressures.
  • Analysts and industry experts harbor an optimistic outlook for crypto stocks and investment products amid the buildup to the approval of ETFs and anticipated rate cuts by the Fed that reverberated across the crypto market.

Email a Friend

Crypto 2024 outlook in the wake of ETF approval: The intersection of politics, rate cuts, and emerging regulation

Amid the buildup to the approval of crypto ETFs and concerns about financial stability and inflation, many young individuals are turning to crypto investments, viewing them as a bulwark against inflationary pressures in the long term, according to a new survey by Grayscale.

This image has an empty alt attribute; its file name is elections_3.png

The research also highlights that consumers with a comprehensive understanding of cryptocurrency tend to be more inclined toward crypto asset investments. 

This growing interest in digital assets is also influencing consumers’ preferences to an extent where it plays a significant role in their consideration of new leaders vying for a position in the upcoming presidential election.

This image has an empty alt attribute; its file name is elections_1.png

Half of the young voters — Gen Z and Millennials who own more crypto than equities – aim to choose candidates knowledgeable about and supportive of the cryptocurrency industry. According to the report, this prerequisite takes center stage in part due to the younger generation’s belief in the interconnected future of finance, cryptocurrency, and blockchain technology. In addition, they envision this convergence as a pathway toward a financial system outside the traditional structure that can provide a more financially resilient environment for consumers at large.

While some continue to see Bitcoin’s scarcity as a hedge against inflation, others label it a marketing gimmick. The former assumption is still unverified, especially in light of last year’s crypto market contraction following the collapse of FTX and other major players that further prompted regulatory actions on the resilience of crypto investments.

subscription wall for TS Pro

0 comments on “Crypto 2024 outlook in the wake of ETF approval: The intersection of politics, rate cuts, and emerging regulation”

Blockchain and Crypto, Modern Marketing

Super Bowl 2024: The crypto marketing trend that faded as quickly as it emerged

  • This year's Super Bowl saw advertisers go all out with prominent commercials for various brands but cryptocurrency ads were a no-show.
  • But does it also mean that the crypto craze has fizzled out because there were no crypto ads? Not necessarily.
Sara Khairi | February 22, 2024
Blockchain and Crypto

Dimon’s muted response to the bitcoin ETF approval prompts industry debates about JPM’s role in the ETF sector

  • When asked about the SEC decision’s impact on the largest US bank by assets, Dimon took on a rather questioning undertone, dialing back the wider enthusiasm linked to the news.
  • Dimon's recent remarks about Bitcoin at WEF in Davos have drawn new criticism toward the bank’s and his own position.
Sara Khairi | January 24, 2024
Blockchain and Crypto

Payment companies are ready to play with stablecoins

  • Visa has partnered up with Solana to to introduce USDC settlements over the blockchain network.
  • This announcement comes after Mastercard and PayPal have launched their own stablecoin initiatives, signaling interest in the digital currency by payments players.
Rabab Ahsan | September 29, 2023
Blockchain and Crypto

Feedback on the Regulated Liabilities Network: Financial services is one step closer to a use case for blockchain

  • The Fed’s New York Innovation Center spent 12 weeks testing a regulated liability network, which adds a shared ledger for settlement on top of existing infrastructure.
  • Along with some of the US's top banks, the PoC found it feasible that a system like this could enable 24/7 dollar-denominated transactions globally.
Zachary Miller | July 07, 2023
Blockchain and Crypto

The rise of NFTs in politics

  • Donald Trump has reportedly collection anywhere from $100,000 to $1 million from sales of NFTs bearing his likeness.
  • While Trump isn't using his NFT sales to fund reelection, many other political hopefuls are- with limited success.
Rabab Ahsan | April 18, 2023
More Articles