Animoca’s Yat Siu bullish on TON partnership as Bitcoin sets strong foundation for 2024

Animoca Brands co-founder Yat Siu is confident that a number of investments and partnerships could prove fruitful in 2024 as mainstream institutional interest in Bitcoin gathers a head of steam.

Speaking exclusively to Cointelegraph at the Next Block Expo event in Berlin, the chairman of the gaming venture capital firm highlights some 70 investments made in 2023 that are expected to deliver results next year.

Macro factors also give Siu reason to be bullish as 2024 looms on the horizon. He points to the building anticipation around Bitcoin spot exchange-traded funds in the U.S., the end of Sam Bankman-Fried’s criminal trial and Binance’s $4.3 billion settlement with the American authorities as key reasons for positive sentiment going into the new year:

“Frankly, even the Binance chapter to me has been a wonderful conclusion. In some ways, we now have clarity for 2024.”

The potential approval of several Bitcoin ETFs touted to take place early in the new year adds to the strong foundation, according to Siu. The recent liquidation of $60 million of BTC short positions also alleviates downward pressure on the markets. 

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