In 2024, the cryptocurrency market, especially Bitcoin, showed significant growth. The approval of the Bitcoin-ETF was one of the key factors that attracted the attention of investors and large financial institutions. Several countries took steps towards the implementation of cryptocurrencies, which increased confidence in the market.
Over a million addresses were registered for the accumulation of Bitcoin by retail investors during this period. This indicates a growing trend of using Bitcoin as a long-term store of value.
This shift highlights the growing demand for Bitcoin and demonstrates the maturity of the cryptocurrency market. Many see Bitcoin as a hedge against inflation and economic instability, which encourages its accumulation.