Luke’s Prediction for Cryptoland in 2024 and 2025
1) By late 2024, crypto digital wallets on smartphones will begin to challenge traditional banks, particularly those not supporting both fiat and cryptocurrencies.
2) New functionalities for digital smart wallets will emerge, enabling cryptocurrency transfers via mobile phone numbers or instant messaging apps like WhatsApp, Signal, or X (formerly Twitter).
3) In 2025, crypto wallet users will gain the ability to transfer cryptocurrencies securely, using a private 4-digit PIN to confirm transactions. Incorrect or absent PIN entries will result in the return of funds to the sender, a critical step towards widespread adoption of cryptocurrencies.
4) Countries using Bitcoin as legal tender will shift towards using it for high-value transactions (like buying homes or artwork) instead of small, immediate purchases (like coffee at Starbucks).
5) The practice of converting cryptocurrencies into fiat currencies will decline by 2025, coinciding with the reduced global dominance of the US dollar for trade and finance.
6) Traditional banks will evolve to resemble current fintech companies and crypto exchanges. as Central Bank Digital Currencies (CBDCs) become mainstream, with savings held directly with central banks.
7) A significant crypto bull run is expected in 2024, with a peak and subsequent crash in the second half of the year due to various economic factors such as: A series of collapses in the commercial real estate market will result in numerous community and regional banks facing financial failure. Additionally, a downturn in Airbnb rental properties will trigger a minor crisis in the residential real estate sector, particularly because 40% of residential properties are not mortgaged. However, economic challenges may still force homeowners to sell if they lose their jobs. Moreover, individuals who have been using multiple credit cards with 0% APR for about 20 months will struggle to meet their financial obligations, leading to increased bankruptcy filings. Similarly, those who have participated in Buy Now Pay Later (BNPL) schemes will find themselves in a difficult situation, unsure of how to manage their outstanding payments.”
8) Big Tech, Fintech, and crypto exchanges will likely acquire regional and community banks during the 2024 recession, entering the payments sector.
9) Ripple is expected to win its lawsuit against the SEC and go public between June and December 2024, potentially reaching a multi-trillion-dollar valuation by expanding into various markets.
10) A significant number of XRP holders will be encouraged to sell their holdings during the bull run, but those understanding its value will hold until 2025, anticipating a substantial increase in XRP’s value.
11) Most banks worldwide will issue their stablecoins on the XRP Ledger, holding XRP as a reserve currency.
12) A fierce competition between CBDCs and stablecoins will unfold in 2025, forcing governments to collaborate with tech companies for efficient value transfer across different currencies and assets.
13) Wadzpay will disrupt the credit card market with dynamic QR code technology, reducing transaction fees for merchants .
14) Many countries will pilot CBDCs in collaboration with companies like Ripple, Algorand, and Wadzpay, with large-scale deployments expected in 2025 alongside established crypto regulations.
15) Major financial institutions will launch Crypto spot ETFs, with many cryptocurrencies joining the market by late 2024.
16) The Middle East and Southeast Asia will compete to be the leading hub for cryptocurrency regulation and innovation. However, by 2025, the biggest market for Cryptoland will be INDIA!
17) India will announce significant developments in the crypto sector, including the launch of a JIO crypto coin by Reliance Industries that will be used extensively across its retail empire.
18) A significant number of cryptocurrencies will disappear or be banned following the establishment of crypto regulations, with a focus on sustainability standards.
19) Layer 2 technologies such as MATIC, ARB and OP will be crucial in scaling Ethereum, with a focus on gaming applications.
20) GALA will begin to disrupt the gaming and entertainment industries from 2025 similar to what Netflix did with movie production.
21) The concept of asset tokenization will gain traction, enabling direct crypto purchases without fiat currency settlement.
22) By late 2025, cryptocurrencies will be widely adopted by traditional financial institutions, with banks offering crypto purchases and companies including cryptocurrencies in their balance sheets and payment options.
23) Blockchain technology will play a significant role in supply chain management, with companies like VeChain leading in anti-counterfeiting measures and sustainability initiatives.
24) Companies like XinFin will dominate in digitizing global trade, with Ripple, Algorand, XinFin, Wadzpay and HBAR playing a significant role in financial services.
25) Phygital NFTs will stimulate the NFT market, with a resurgence of the Metaverse by 2025, driven by companies like Meta and Apple.
26) By 2025, several crypto exchanges that previously went bankrupt are expected to resume operations, starting with FTX.
27) By 2025/26, numerous creditors will be relieved to recover a significant portion of their cryptocurrencies previously trapped in bankrupt exchanges like Vauld, FTX, and Celsius. This situation will be reminiscent of the Mt. Gox incident, where creditors who initially invested in Bitcoin at a relatively low average cost in the triple digits eventually witnessed an extraordinary surge in their investment’s value over an eight-year period.
28) My top cryptos over the next two years that will create generational exponential wealth are XRP, XDC, VET, WTK, ALGO, EGLD, GALA, OP, ARB, CSPR, NEAR, MATIC, HBAR and if the XRP ledger has a dominant role to play in Cryptoland, then the Casino coin (CSC) on the XRP Ledger could dominate the global gaming and online casino market. Please do your own research and this is not financial advice — — — DYOR NFA!!!
Hope you enjoyed reading this and if you have any questions or concerns with my predictions, you are just a ping away!