What Are The Top 10 Industry Predictions for 2024 From the Nayms Team?

New year, new trends?

2023 had its fair share of challenges — it was a year of pessimism across crypto, a shift in the perception of digital assets following the FTX saga, dried-up liquidity due to high interest rates and persistent inflation, and increased regulatory scrutiny.

But what will happen in 2024? Investors are hungry for yield, Bitcoin will surge to even new highs, and the insurtech landscape will continue to evolve as our industry pushes boundaries. Nayms is optimistic, and we have put together 10 industry predictions for 2024.

1. The industry will see the first ever BTC and ETH denominated insurance policies
2. We will see M&A activity return to insurance due to increased capital flows and attractive valuations
3. More government adoption as crypto becomes more mainstream
4. BTC passes $100k
5. Crypto projects being insured becomes table stakes for solid projects, and captives are the go-to means
6. Account Abstraction (ERC-4337) goes mainstream
7. RWAs on-chain will explode
8. ETH will hit an all-time-high in Q4 at $8750
9. Vapourware projects will launch
10. Tokenized payments go mainstream

To join Nayms in this exciting journey as we redefine the future of insurance, reach out to lachlan@nayms.com or go directly to the website.