Kraken’s head of strategy, Thomas Perfumo, thinks crypto is poised for a comeback this year. He’s got his eye on four key factors that could push the market higher:
Interest Rates and the Ethereum ETF
Perfumo believes that lower interest rates, already happening in Canada and Europe, will be good news for crypto. He’s also excited about the launch of an Ethereum ETF, which he thinks will attract a lot of new investors to the market.
Global Acceptance and the US Election
Perfumo sees more countries embracing crypto exchange-traded products (ETPs) as a positive sign. He also thinks the outcome of the US Presidential election will be important for the future of crypto regulation.
In a nutshell, Perfumo believes that a combination of factors will create a favorable environment for crypto in the second half of 2024.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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