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Tokenized Real-World Assets: $1.3T by 2030, Not $30T, Says Analyst

Real Vision's chief crypto analyst, Jamie Coutts, suggests that tokenized real-world assets (RWAs) could reach $1.3 trillion by 2030, far less than Wall Street's $30 trillion forecast. This growth could still significantly impact the crypto ecosystem, particularly Ethereum.

• Main Points:

  • Conservative Estimate: Coutts predicts $1.3 trillion in tokenized RWAs by 2030, based on current growth rates.

  • Wall Street Forecast: A more bullish $30 trillion estimate by Standard Chartered Bank may be overly optimistic.

  • Ethereum Impact: The tokenization boom could drive growth on Ethereum but raises questions about Layer-2 revenue capture.

  • Web3 Ecosystem: Even at $1.3 trillion, tokenized RWAs could fuel growth in NFTs, social platforms, and gaming.

• Detailed Insights:

  • Conservative Estimate: Jamie Coutts projects $1.3 trillion in tokenized RWAs by 2030, assuming the current compound annual growth rate of 121% continues.

  • Wall Street Forecast: Standard Chartered Bank and Synpulse’s forecast of $30 trillion by 2034 is seen as overly optimistic by Coutts.

  • Ethereum Impact: While Ethereum is the preferred platform for tokenized assets, Layer-2 solutions could capture most of the revenue, limiting Ethereum's direct gains.

  • Web3 Ecosystem: The rise of tokenized RWAs, even at $1.3 trillion, could have a significant ripple effect across the Web3 ecosystem, boosting sectors like NFTs and gaming.

  • Tokenization’s Future: Despite differing views on growth, tokenization is expected to play a key role in transforming traditional financial assets into digital forms by 2030.

Related: Bitcoin Nears Breakout With Potential for 312% ROI

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Bitcoin’s September Slump: Will 2024 Break the Trend?

Bitcoin has traditionally struggled in September, closing the month down 72.73% of the time over the past 11 years. As August ends with a slight decline, the focus shifts to whether 2024's unique dynamics, including the U.S. election and potential Fed rate cuts, might defy historical trends.

• Main Points:

  • Historical Trend: Bitcoin has ended September in the red 72.73% of the time since 2013.

  • August Decline: BTC is down 2.74% as of August 27, 2024, continuing a quiet month.

  • U.S. Election Impact: The upcoming election could influence Bitcoin's price trajectory.

  • Potential Rate Cuts: A Federal Reserve rate cut in September might boost BTC prices.

  • October Outlook: Historically, October has been a strong month for Bitcoin.

• Detailed Insights:

  • Historical Trend: September has been a challenging month for Bitcoin, with losses in 8 of the last 11 years, including a 19.01% drop in 2014.

  • August Decline: Bitcoin’s 2.74% decline in August aligns with its historically subdued performance during this month.

  • U.S. Election Impact: The 2024 U.S. election could affect Bitcoin’s market, either positively or negatively, depending on outcomes and investor sentiment.

  • Potential Rate Cuts: A possible rate cut by the Federal Reserve during the September FOMC meeting could provide a bullish catalyst for Bitcoin, especially if it’s a significant reduction.

  • October Outlook: Despite potential September struggles, October has historically been a strong recovery month, with significant gains in previous bullish cycles.

Related: BlackRock ETF Sees Largest Inflow in 35 Days Amid Bitcoin Pullback

Bitcoin Crashes to $58,000: What Triggered the Crypto Market Collapse

Bitcoin plummeted over 7% to $58,000 on Tuesday, triggering a widespread crypto market crash. A surge in long positions created an overleveraged market, leading to massive liquidations and significant losses across various cryptocurrencies.

• Main Points:

  • Long Position Surge: A spike in long positions on dYdX led to market saturation and a sharp reversal.

  • Market Liquidation: Over $320 million in trading positions were liquidated within 24 hours.

  • Altcoin Impact: Ethereum and other altcoins experienced significant losses alongside Bitcoin.

  • Price Recovery: Bitcoin slightly recovered to $59,438, with ongoing market volatility.

• Detailed Insights:

  • Long Position Surge: Data from Sentiment revealed that long positions on dYdX surged to levels not seen since Bitcoin’s all-time high in March, triggering a market correction.

  • Market Liquidation: The sudden price drop resulted in over $320 million in liquidations, with Ethereum bulls losing $93 million and Bitcoin traders losing $96.56 million in positions.

  • Altcoin Impact: Altcoins like SOL, PEPE, and XRP saw substantial losses, with SOL trading at $147 and XRP at $0.57 after slight recoveries.

  • Price Recovery: Following the crash, Bitcoin recovered slightly to $59,438, though the market remains volatile.

Related: El Salvador’s Bitcoin Education Push: A Path to Greater Adoption

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results