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Now, coupled with a wonderful prediction from Donald Trump that could cause an explosion in Bitcoin’s value in 2024, San Francisco-based crypto asset manager Bitwise has predicted that Wall Street giant JPMorgan will take a first step toward growing real-world token assets to $16 trillion. until 2030 next year. . .
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“The launch of a tokenized fund in 2024 would allow JPMorgan to leverage the power that on-chain assets can offer by entering a market that is experiencing explosive growth,” the Bitwise team, led by CEO Hunter Horsley, wrote in a forecast report. by 2024.
Bitwise’s report pointed to a projection from the Global Financial Markets Association that the value of real-world assets tokenized on blockchains would grow from $5.5 billion to $16 trillion by 2030.
Earlier this year, BlackRock was the first Wall Street giant to use JPMorgan’s blockchain-based collateral agreement system, as a component of a plan that BlackRock’s chief executive says will usher in “the next generation of markets. “
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Bitcoin’s value has risen this year, regaining much of the floor it lost in its 2022 crash and boosting the value of other primary coins, Ethereum, Solana, and XRP.
However, as JPMorgan develops its Onyx blockchain platform and launches a stablecoin called JPMcoin in 2017, CEO Jamie Dimon recently told the Senate Financial Services Committee that if it were the government, it would “shut down [cryptocurrencies]. “
“I’ve been deeply opposed to cryptocurrencies, bitcoin, etc. ,” Dimon said in reaction to questions about how cryptocurrencies are used around the world.