#forecast

Asset management giant has shared its 2024 forecast, offering insights into the future of BTC, DeFi, ETFs, and DEXs.

Martin Shkreli, previously convicted of financial wrongdoing in the healthcare sector, has made a somber forecast regarding the upcoming court hearing for Sam. His analysis centers on the composition of the jury, and he anticipates unfavorable outcomes.

Their economists anticipate a reduction in interest rates by late June next year, following a gradual quarterly decrease pattern. “The cuts in our forecast are driven by the desire to normalize the funds rate from a restrictive level once inflation is closer to the target,” says Jan Hatzius, a senior economist at Goldman. Goldman forecasts rate cuts in Q2 2024, expecting 25 basis point reductions per quarter with pace uncertainties. “We expect the funds rate to eventually stabilize at 3-3.25%,” say their economists.

Standard Chartered has raised its Bitcoin price forecast, now expecting it to hit $150,000 in the short term and escalate to $200,000 within two years. The anticipated surge is primarily attributed to a potential influx of investments into American spot Bitcoin ETFs.

Goldman Sachs, a leading investment firm in the United States, has revised its forecast for the U.S. interest rate in 2024, as reported by Reuters.

Amid the evolving crypto landscape, one prediction stands out: Davis Hui from Caanan foresees BTC's price potentially skyrocketing to $100,000 by 2024. This bullish forecast is rooted in upcoming events like the bitcoin halving, set to diminish the BTC issuance rate by halving miner rewards. Compounding this optimistic view is the undeniable attention from financial powerhouses, with BlackRock, boasting $10 trillion in assets, as a prime example. For Hui, it's this mix of major institutional influx and a shrinking bitcoin supply that suggests a bullish future for BTC.

In his exploration of the $36 billion Horizon Worlds metaverse, video blogger Jarvis Johnson found player activity to be surprisingly sparse. He counted roughly 900 daily English-speaking users. Many of these were children who managed to circumventing the platform's age restrictions. These findings cast serious doubt on Meta's prior claim of 200,000 engaged users every month, hinting at possible exaggeration.

The US Consumer Price Index, which measures inflation, is set to be unveiled at 12:30 pm UTC. Current index level: 3.0% Forecast: 3.3%, marking a 0.3% CPI increase Discover more about the CPI in our article. Stay vigilant during potential market swings and approach trading wisely! UPD: The rate of inflation in the United States has risen to 3.2%, a bit under the forecasted amount.