Tangent's Jason Choi Highlights Gaps In Crypto Industry's Outlook For 2024
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Jason Choi, co-founder of venture capital firm Tangent on Friday analyzed the 2024 predictions made by leading financial and crypto institutions.
Choi is optimistic, especially for Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) and Layer 2 technologies, but he also highlighted significant gaps in the industry's outlook for 2024.
Here's a breakdown of his review:
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- Bitcoin ETF flows. Some estimates suggest an influx of over $40 billion in the next two years.
- Ethereum (CRYPTO: ETH). Sentiments are mixed, indicating uncertainty or differing opinions about its future trajectory.
- AI and crypto. It's promising, but there's a lack of specific details beyond general platitudes, suggesting an untapped opportunity in this area.
- Decentralized personal identification (DePin). This is just beginning to appear on people's radars, indicating a developing trend that could gain traction.
- DeSci. Only one of the analyzed predictions mentioned decentralized science (DeSci), pointing to a potential oversight in recognizing its impact on the crypto sector.
- Killer App. Despite ongoing discussions about the emergence of a 'killer app' in the consumer space, there remains a lack of focused attention on consumer applications in the crypto world.
Choi encompassed insights from Pantera Capital, Binance, Crypto.com, Andreessen Horowitz (a16z), VanEck, Bitwise Invest, Hashdex, Fidelity, Messari Crypto, and Coinbase Inc. (NASDAQ:COIN).
As the industry evolves, these missing elements could present new opportunities and directions for growth in the cryptocurrency sector.
Choi's synthesis of 2024 crypto predictions reveals a dynamic and evolving landscape, where significant gaps counterbalance optimism in certain areas.
Read Next: Optimism Is Akin To A Race Car 'Revving At The Starting Line,' Bullish Analyst Says
Image: Pixabay
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