Messari CEO Expects Bitcoin to Remain the Unstoppable “Godzilla of Finance” in 2024
Messari CEO Ryan Selkis has likened Bitcoin (BTC) to the unstoppable “Godzilla of finance,” emphasizing its enduring position as the leader in the crypto market.
In his annual report outlining the key trends within the crypto industry, the crypto boss said he remains optimistic about the path ahead, predicting that 2024 will showcase the increasing utility and prominence of cryptocurrencies at the forefront of technological innovation.
Specifically, he claimed that Bitcoin would maintain its dominance, power, and impact within the financial realm.
“Bitcoin has been, and will remain in 2024, the Godzilla of finance.”
While algorithmic stablecoins may currently be facing challenges, Selkis said he remains optimistic about their potential in the near future.
Additionally, the report suggested that retail-focused central bank digital currencies (CBDCs) will have a comparable impact to meme coins.
The report emphasized that the industry must navigate the regulatory landscape, recognizing that regulators hold significant power in determining the fate of cryptocurrencies globally.
Selkis stressed the importance of stakeholders engaging with regulators, particularly in the United States, where the battle for crypto’s future will be fiercely contested.
Meanwhile, after a relatively calm year for centralized crypto financial services in 2023, Selkis predicts a resurgence as institutions recommit to the crypto space.
The promises and impact of centralized finance (CeFi) and institutional involvement in crypto might warrant a dedicated report in the coming year.
The crypto boss said Ethereum experienced significant advancements with its long-awaited Shapella upgrade and its vision for a “rollup-centric” future, while
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