The Giant Name of the Sector Drew Attention to Those Two Sectors: Investment May Shift There in 2024!

Galaxy Digital, led by Mike Novogratz, has announced that it anticipates a significant increase in activity in the cryptocurrency and artificial intelligence sectors.

According to Galaxy Digital, it is possible that there will be an increase in the adoption of these two popular sectors and new entries due to the increasing demand for graphics processing units (GPUs). These GPUs are one of the critical hardware for training and running AI models. Leading technology giants have also started to provide private server services used only for these purposes.

Galaxy Digital analysts have also made some predictions that may affect the future of the cryptocurrency industry. As we reported as Koinfinans.com, the latest developments, especially the development of the Bitcoin ETF, which is closely followed by the industry, are important enough to change the functioning of the market. Developments in the sector now consist of developments that can pave the way for investment inflows that are significant enough to affect asset managers and stock markets.

The next development, which the Bitcoin and cryptocurrency world is closely following, will undoubtedly be the "halving" event. With the halving expected to take place in April, mining rewards will be cut in half. However, according to Galaxy Digital's report, the halving period interestingly coincides with a period when many central banks will carry out quantitative easing.

The Crypto Money World Will Host Many Developments

In addition to the activity on the Bitcoin front, the company, which closely follows the Ethereum network, also drew attention to the importance of developments such as restaking, especially Layer-2 solutions.

According to Galaxy Digital, despite the current improvements and enhancements, Ethereum will not be able to escape competition with Solana and similar alternative blockchains. This could help the network find itself in a struggle again and gain traction.

In the continuation of the report, the company also touched on decentralized finance in the cryptocurrency world, or DeFi, as it is known, and stated that it cannot compete with traditional finance despite the possibility of growth in the field.

Finally, the report also included an expectation of an increase in issuances, especially by companies located outside the US market. This is an important development that could increase activity in the stablecoin market.

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