#TrumpBTCBoomOrBust
Here are the current crypto trends to keep an eye on:
- *Bull Market Emerges*: Bitcoin's value surged 150% coming into 2024, with predictions of it hitting $77,000 by the end of 2024 and $123,000 by the end of 2025. This upward momentum is driven by the approval of spot ETFs and the upcoming halving event ¹.
- *Intersection of AI and Crypto*: AI tokens, cryptocurrencies related to AI ventures, have grown exponentially in 2024. There are nearly 90 AI tokens in the crypto space, with a combined market value surpassing $39 billion ¹.
- *Funding, Mergers, and Acquisitions*: Investor confidence has returned, with $1.9 billion invested in crypto-related companies in the final quarter of 2023. Bitcoin miners are among the biggest winners, with some mining firms' stock values growing more than the value of Bitcoin itself ¹.
- *Increasing Regulation*: The SEC is actively enforcing regulations against crypto giants, with a 30% tax on cryptocurrency mining proposed by President Biden. Some crypto companies are exploring options in other countries due to regulatory concerns ¹.
- *Crypto's Growing Climate Impact*: The crypto industry's energy consumption and climate change implications are becoming a pressing concern. Ethereum's transition to proof-of-stake has reduced energy consumption by 99%, but Bitcoin is unlikely to follow suit ¹.
- *Real-World Assets Turn Digital*: Asset tokenization is gaining traction, with the market predicted to reach $9.82 billion by 2030. BlackRock has launched a tokenized asset fund, and Citigroup is testing the tokenization of financial assets ¹.
- *Central Bank Digital Currency (CBDC)*: Global officials are exploring the development of CBDCs, with 132 countries already working on digital currencies. CBDCs are expected to offer the benefits of crypto without the risks ¹.