The Future of Cryptocurrency Investment: Trends to Watch in 2024

There is no dispute that Crypto is volatile. Just like foreign currency exchange and other stocks, everyone wants to guess what the next move is going to be. Just like a game of chess, where you plan your next step very carefully - it will be wise to consider the following key events in 2024 that could have an impact on your cryptocurrency investments.

The US Elections: One of the main events in 2024

At the time of writing, just about a week ago most people were extremely sure the Democratic nominee was likely going to be Joe Biden. However, this has changed and so are the US elections. According to prediction websites such as ElectionBettingOdds, Polymarket and Predictit these elections are heading towards a dead heat race. This could cause financial stocks as well as crypto prices to swiftly swing and be volatile.

Geopolitical tensions around the world

The ongoing war between Russia and Ukraine, as well as the tensions between Israel and the Hamas & Hezbollah can affect crypto investments as well. For example, in March 2024 the US and the UK levied sanctions against several individuals and institutions for fundraising Hamas using Crypto. Such events trigger the need for more regulation which is going to have a direct impact on crypto investments as well.

Geopolitical tensions and Crypto: World tensions trigger regulation which directly has an impact on crypto investments

Paris 2024 Summer Olympics

The 33rd Summer Olympic event has started today, and is going to last for about 2 weeks. Events like this should increase tourism and spending in the city. Businesses in Paris, such as Pavilion Hotels & Resorts that accept booking using Crypto will lead to an increase in the use of Crypto. This could potentially lead to a positive impact on crypto prices.

Conclusion

It’s important to remember that there is no precise way to foretell the future. However, taking key events like the ones mentioned above as well as others such as the G20 Summit in Brazil (Nov 2024) and others - can help us to better plan ahead and get ready in order to make the most out of our cryptocurrency investments.