‘$16 Trillion By 2030’—Crypto Now Braced For A 2024 JPMorgan And Wall Street Earthquake Amid


Bitcoin
BTC
and crypto prices—including XRP
XRP
and led by ethereum rival solana—have surged to highs not seen since early 2022 this year (alongside a shock China crypto flip).

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The bitcoin price has topped $45,000 per bitcoin this month, soaring as hype around a BlackRock
BLK
game-changer explodes—though one legendary trader fears the world’s largest $10 trillion asset manager could accidentally “destroy” bitcoin.

Now, alongside a surprise prediction Donald Trump could trigger a bitcoin price boom in 2024, San Francisco-based crypto asset manager Bitwise has forecast Wall Street giant JPMorgan will take a major step toward growing tokenized real-world assets to $16 trillion by 2030 next year.

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MORE FROM FORBESBlackRock ‘Will Completely Destroy Bitcoin’-Shock Price Warning As Leak Reveals Huge Spot ETF Date UpdateBy Billy Bambrough

Jamie Dimon has led JPMorgan in the development of its blockchain technology while arguing … [+] cryptocurrencies including bitcoin, ethereum, solana and XRP should be shut down.

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“Launching a tokenized fund in 2024 would allow JPMorgan to take advantage of the efficiencies on-chain assets can offer while entering a market whose growth is exploding,” the Bitwise team, led by chief executive Hunter Horsley, wrote in a 2024 predictions report.

“[JPMorgan has] been exploring blockchain technology for years, and recently tested tokenized portfolios on the avalanche
AVAX
blockchain. Those tests allowed them to automate a significant amount of the steps involved in the portfolio management process, including subscriptions, redemptions, rebalancing, and more.”

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 became the first Wall Street giant to use JPMorgan’s blockchain-based collateral settlement system, part of a plan that BlackRock’s chief executive has said will usher in “the next generation for markets.”

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MORE FROM FORBES’$1 Trillion Will Rip In’-Huge 2024 ‘Biden Bailout’ Predicted To Crash The U.S. Dollar And Trigger Bitcoin And Crypto Price BoomBy Billy Bambrough

The bitcoin price has surged this year, regaining much of the ground it lost during its 2022 price … [+] crash and pushing up the price of other major coins ethereum, solana and XRP.

Forbes Digital Assets

However, while JPMorgan has been developing its Onyx blockchain platform and launched a corporate stablecoin called JPMcoin in 2017, chief executive Jamie Dimon recently told the Senate financial services committee that if he were the government, he would “close [cryptocurrencies] down.”

“I’ve always been deeply opposed to crypto, bitcoin etc.,” Dimon said in response to questions about how crypto is being used around the world.



This article was originally published by a www.forbes.com . Read the Original article here. .