We asked Binance Blockchain week

CryptoPotato attended last week's Binance Blockchain Week in Istanbul and took the opportunity to ask a large audience, executives, and speakers about the current state of the cryptocurrency sector and what to expect from the Bitcoin bulls that may exist next year.

In the following lines, we present the general sentiment among some of the participants and suggest their predictions.

Bitcoin ETF – An important consideration

One person who intervened in the matter is Richard Teng – Head of Regional Markets at Binance. The launch of the spot BTC ETF in the United States and the upcoming spring Bitcoin halving are agreed to trigger a bull run for the main digital asset in 2024.

He also mentioned two other things to consider when predicting the price of a cryptocurrency. The first is that many financial giants, including BlackRock and Fidelity, have recently adopted the “crypto and blockchain agenda”.

Teng believes this could attract more investors to enter the ecosystem and increase mass adoption in the near future:

They are coming up with new investment products like ETFs, and that will bring in a new class of investors and an influx of funds.

The second component is the improved regulatory transparency that exists now compared to years ago. According to Binance's executive, this can give investors a sense of security and boost their confidence to enter the market.

Expectations of a ‘warm' environment by 2024

The next person to share their position with CryptoPotato was Ewin Chen – CEO of TrustWallet. She agrees that the launch of a spot BTC ETF in the US and the halving of BTC will lead to a surge in prices for the main digital asset next year.

Chen also said that the outcome of the US presidential election “may change the dynamics and perhaps speed up the transparency process”. As before reportedIn his campaign, he featured some personalities such as Robert Kennedy who were supporters of the digital asset industry.

On the other hand, Chen warned that the current global macroeconomic situation has its flaws and will negatively affect the price of BTC.

“I don't expect a super bull market, but I think a little bit of positivity to give builders more incentive is enough to keep us grounded and build more,” she concluded.

‘Higher numbers next year for sure'

Sun Qiu from Blockchain Protocol Contetos participated in the survey. He could not predict whether the crypto community would witness a new BTC ATH in 2024, but speculated that the estimate would be “definitely higher” than the current one.

“I think the next year will be very interesting. We are waiting for the US government to approve the BTC ETF, which will bring in a lot of institutional investors. In the next year or so, that will be very aggressive.”

And, of course, BTC will halve next year, so everyone is really looking forward to that. These factors improve the market conditions. We don't know what the new ATH will be, but we will definitely see higher numbers next year.

Bull Season ‘We Hear His Feet'

Isara Kahraman – BTCaber's marketing manager – was a bit more cautious, saying that investors should wait a little longer before witnessing the real Bitcoin bull run. However, she believes such a rally is imminent and could begin in the second quarter of 2024.

For his part, Ali Tunc – Product Manager of Cointelegraph Turkey – argued that the current outlook of the cryptocurrency market seems to be the beginning of a bull season.

“I've seen two bullpen seasons, and now, it feels like a fresh start. I can't tell, but I hope this is the beginning. “

A new wave of investors next year?

Last but not least, we share the position of Elaine Egan – Brand Ambassador of Solar. In her view, 2024 will be important for cryptocurrency projects to survive an extended bear market.

She believes that the next year will witness more adoption, a wave of new investors entering the digital asset space, and market growth. Egan also predicted that Japan will play a key role in the next bull run and become a global leader in the crypto world.